Thu, 16 Feb 2023 | COMMERCIAL PROPERTY
The Philipburn Hotel, a country house hotel in Selkirk in the Scottish Borders, has been put up for sale with an asking price of around £1.35 million. The four-star hotel is a popular wedding venue located in an area known for its countryside and wide range of rural pursuits.
The hotel is part of the Best Western Group Signature Collection Brand, with Best Western recently awarding it the Brand Ambassador Award for 2022. It is being brought to market by property agency Graham + Sibbald, acting jointly alongside Smith & Clough.
The established hotel is being put up for sale due its current owners, who have operated the business for 16 years, planning to retire. Under their ownership, the hotel has been significantly expanded and renovated, with extensions including a new function suite.
The Philipburn has 20 letting bedrooms, as well as a range of bar, restaurant, meeting and function facilities. In addition, there are gardens, an open-air pavilion for events such as weddings, a seating terrace and three two-bedroom apartments for private owner and staff accommodation.
Graham + Sibbald Hotel and Leisure Consultant Alistair Lethem commented: “The Philipburn Hotel is a most attractive property with which I have had the pleasure of being associated with for some 30 plus years. It is great to see how the hotel has developed over those years to this well-known and well-established business in the heart of the Scottish Borders.”
“Its availability gives new owners a wonderful opportunity to take over this profitable business and continue its excellent reputation and growth.”
Smith & Clough director Graeme Smith added: “Presented to an excellent standard both internally and externally, the Philipburn Hotel is a superb business with very little, if any, CAPEX required. Viewing is strongly advised to fully appreciate what is for sale, coupled with spacious owner’s accommodation, and the opportunity it offers.”
In Philipburn Hotel Limited’s most recent financial accounts, covering the year to September 30 2022, the hotel’s fixed assets were valued at £1.2 million, current assets at £238,558 and net assets at £953,407.
Read about the factors driving M&A in the UK's hospitality industry.
One of the best ways to find properties below market price is to look at recent administrations.
Find businesses for sale here.
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering f...
LEASEHOLD
Specialises in the provision of friendly and professional swimming classes for babies, toddlers and young children. Currently offers its services to circa 1,600 active clients, 90% of whom provide reliable, repeat business.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.