For Sale £925,000 - Guest House
High turnover Guest House located in the prosperous town of St. Andrews. Prime trading location on Murray Park, yards from the world famous Old Course. Delightful 4 Star operation offering
8 en-suite letting bedrooms. Fully refurbished property which has recently in 2019 been extended to the rear. Boasting six figure turnover with a highly impressive EBITDA. Situated in arguably one of the finest locations for this type of business in Scotland.
Scottish Business Centre is delighted to bring to the market the four star Nethan Guest House. The fine period property is positioned in the heart of the prosperous Fife town of
St Andrews on Scotland east coast. Offering 8 high quality en-suite letting bedrooms, The traditional townhouse property sits at number 17 Murray Park within St. Andrews. Known as arguably one of the best addresses for this type of business within the country, Murray Park lies only a few hundred yards from The Home of Golf, St Andrews Old Course.
Recently hosting the 2015 Open Championship, The Old Course, is set to host once again the Championship in 2021. 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. As one of Scotland’s most desirable locations to live & visit, the success and appeal of the town of St. Andrews grows year on year.
St. Andrews 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.
Boasting an enviable trading location within St. Andrews, the business is placed within walking distance of The University of St Andrews buildings plus various good quality restaurants, bars, shops and cafes. Also nearby is The West Sands Beach, The British Golf Museum and The Royal & Ancient Golf Club. To the east of the centre of town lies the ruined Cathedral of St Andrew. Dating back to 1158, the Cathedral which houses medieval sculptures and relics found on the site, is open to the general public. Back in the early 2000’s when our clients embarked on the often difficult job of sourcing a suitable guest house operation to buy, the focus was on quality of location, market potential and style of property. Therefore, when the opportunity came to purchase number 17 Murray Park, the vendors could appreciate the huge potential that the property and business offered. While the deceptively spacious property was of the style and most importantly location that our clients were looking for, the property itself required a major renovation program throughout the house.
Currently operating 8 beautifully appointed four-star en-suite bedrooms, Nethan Guest House benefits from being extended to the rear of the property. With the latest extension only been completed in January 2019, the additional space created allows for increased bed room sizes on the upper floors along with the additional private rooms on the ground floor such as the recently developed office and utility area.
While the property had been extended over earlier years, the most recent extension has not only provided more space but has also made the general operation of the business much more manageable than was previously the case. With the years of experience gained through running the business, our clients knew exactly what was required to benefit the overall “behind the scenes” layout and improve the flow of the business. With a good size kitchen, office and laundry area plus flat screen TVs for CCTV, the overall feel is of a well laid out modern commercial hospitality operation.
Since taking over the business back in 2003, vast improvements have also been made within the public areas and each of the eight letting bedrooms. With all letting bedrooms offering beautifully appointed en-suites with large showers, a tremendous level of attention to detail has been paid to guest comfort. While the focus has been on quality and modern comforts, our clients have been sympathetic in the restoration of the property and have not only maintained but also enhanced the wealth of period features that are found throughout the house.
From the impressive staircase to the ornate cornice work, our clients have managed to cater to the demands of the modern traveller while being sympathetic to the period of the property. The business is offered for sale due to our clients wish to retire after 16 years of ownership. With the huge investment in time, hard work and commitment, not to mention the large financial investment made, even as recently as the 2019 extension, potential buyers will not find it difficult to appreciate the commercial opportunity on offer.
With the 2021 Open Championship just around the corner, the sale of Nethan Guest House represents a terrific opportunity for a larger operator or couple to take over the reins of a highly profitable 4-star concern that is located in one of Scotland’s premier locations.
Housed over ground level with two upper floors and extended to the rear of the house, the period property sits on a prime, highly visible trading position on Murray Park with an open outlook over the junction with Murray place. The terraced property consists of: vestibule, reception hallway, breakfast/dining room and 8 en-suite letting bedrooms.
Private accommodation: While at present the property is set up to maximize letting bedrooms within the house, it should be noted that if required, new owners would have the option of perhaps utilizing the large front facing room on the first floor as a private lounge/bedroom. Ancillary areas: fully fitted kitchen, office & laundry room plus golf bag storage area. CCTV is installed within the property with flat screen monitors housed within the kitchen and office areas. A small enclosed external area is found to the rear of the property. Gas central heating system with double glazing throughout.
Nethan Guest House offers 8 en-suite letting bedrooms all of which are appointed to a high scoring 4 star status. The bedrooms vary from Doubles, Twins and spacious Family Rooms. Each of the bedrooms offer large showers, heated towel rails and hairdryers. Tea & Coffee making facilities are available in every guest room along with a silent running fridge. Wi-Fi is available in each of the bedrooms and throughout the house.