For Sale £845,000 - Guest House
Glenderran Guesthouse,9 Murray Park, St Andrews, Fife, KY16 9AW
Immaculate 4 Star Gold Guesthouse located within the heart of St Andrews. Positioned only yards from the world famous Old Course. 6-bedroom property offering 5 beautifully presented letting bedrooms Situated in arguably one of the finest locations for this type of business in Scotland. Strong turnover with impressive profits plus exceptional room rates achieved year on year. Owner’s accommodation with private rear courtyard garden and large basement.
Owned and operated by our clients for over 16 years, Scottish Business Centre is delighted to offer for sale the impeccably presented Glenderran Guesthouse. Dating back to around 1880, the most impressive 4 Star Gold operation is positioned on Murray Park within the heart of the historic Fife town of St Andrews and under 250 yards from the 18th hole of the world famous Old Course. Forming a traditional Victorian terrace property, this most impressive guest house which has been lovingly upgraded over recent years, is a magnificent example of a fine period St. Andrews townhouse property.
The location of the property is ideal for owners and guests alike to take advantage of the many magnificent facilities and attractions the beautiful town of St Andrews has to offer. The town of St Andrews which is home to St Andrews University, is easily accessible by road and rail and lies 13 miles south of the city of Dundee, around 33 miles east of Perth and only 50 miles north of the city of Edinburgh.
With magnificent architecture found throughout the town and boasting a wealth of historic buildings such as the Cathedral which is located nearby, beautiful golden sands and coastal walks, the town of St Andrews truly is one of Scotland’s most desirable locations to live and visit.
World famous as ‘The Home of Golf’, St Andrews Old Course, which only recently hosted the 2015 Open Championship and will host once again in 2021, is located only a short walk from the front door of Glenderran Guesthouse. Boasting seven magnificent golf courses the town is a must visit for every golf enthusiast and sees visitors travel from all over the world to play the course and enjoy the historic town.
On first entering Glenderran Guesthouse you are instantly aware of care and attention to detail within this outstanding 4 Star Gold operation. Boasting a most welcoming ambiance and displaying a real sense of quality throughout, whilst managing to retain a home from home feel, potential buyers will not fail to appreciate the high standard of B&B operation being offered for sale.
Ever since taking on the business over 16 years ago, the vendors of Glenderran Guesthouse have focussed on improving the overall fabric of the property and on the level of service on offer. Year on year our clients have reinvested much of the profits that the business generates in the upgrading of the fixtures and fittings and improving the overall quality of the property.
Boasting many fine period features throughout such as moulded cornices, sash windows, bright and airy bedrooms and with a magnificent wooden staircase, Glenderran Guesthouse oozes quality & style. In addition to upgrading the overall fabric of the property and enhancing the fine period features, the owners of Glenderran Guesthouse have also made a significant level of financial investment in areas such as – installing quality double glazing throughout the house, upgrading all en-suites, adding quality bedroom furniture plus the recently installed modern kitchen. Guests staying at the property along with potential buyers who visit Glenderran Guesthouse are sure to notice the fine furnishings & finishing touches throughout, which are of a standard to be expected from a luxury four-star Gold Guesthouse operation. Glenderran has consistently been in the Tripadvisor top 10 for St Andrews.
With the enviable trading location on Murray Park in the heart of St Andrews coupled with the high standard of accommodation on offer, Glenderran benefits significantly from a large number of repeat guests. The business already has an enviable level of future bookings for 2019 and beyond. Glenderran Guesthouse also benefits from an annual allocation of Old Course Tee Times, which are highly sought after. In addition, Glenderran has forged very strong trading relationships with a number of Golf Tour Operators. As potential buyers will note, current income levels are strong and consistent however, it should be noted that our clients choose to operate the business at a level that fits in with lifestyle. The business currently operates from March to November. Whilst the winter is naturally quieter, business is available 12 months of the year.
With the demand for quality bedrooms throughout the year in St Andrews, new owners could look to considerably increase income levels by opening for longer and by utilising booking agencies. Buyers should note that the 2021 Open is on the horizon and, as the 150th anniversary of the Open, will be an extremely busy period to look forward to.
With a longer trading season, new owners could quite easily enjoy income levels well into six figures.
Due to the flexible layout of the property new owners would have the option of potentially increasing the number of letting bedrooms within the Guesthouse from five to six. Located on the first floor of the property is a handsome front facing private lounge. The room which is currently utilised as an additional private room could quite easily be reconfigured as a large double en-suite letting bedroom. With a relatively small level of investment required to set up, the sixth bedroom would comfortably generate in excess of an additional £20,000 income per annum.
Glenderran Guesthouse is only being offered for sale due to our clients wish to retire after 16 successful years at the property. Early viewing is highly recommended to avoid disappointment.