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Royal George Hotel, Tay Street, Perth, Perth And Kinross

For sale: £2,750,000.00|46 |Hotels, Licensed & Leisure

Property details

FOR SALE£2,750,000.00
SIZE46
ADDRESSRoyal George Hotel, Tay Street, Perth, Perth And Kinross
TYPEHotels, Licensed & Leisure
TENUREBusiness for sale, For Sale Freehold
POSTED ON5th July 2022

Description

Graham and Sibbald are proud to be instructed on the Royal George Hotel for sale. This stunning 46 bedroom hotel is situated in the centre of Perth City on the banks of the river Tay overlooking the Tay Bridge. The Hotel is close to all central amenities and attractions within the City including the Concert Hall, City Hall where the Stone of Destiny will be housed in 2024 following the redevelopment of the Hall. Perth city benefits from being at the crossroads of 5 major arterial routes through central Scotland. The City is considered to be at the crossroads of the highlands. The area is famous for tourism, racing, whisky, golf and Perthshire's beautiful scenery.

The Royal George has 46 bedrooms, a large and well-reviewed restaurant, a public bar, 4 meeting rooms, a function room, staff letting rooms, an expansive commercial kitchen and ancillary space. The basement level is leased to the Perth Gin Distillery which has a working tasting room and carries out tours giving the Hotel another attractive visitor experience.

The business has been family-run for nearly 20 years and is on the market to allow the owners to retire. Accounts for the business show a turnover of around £1.5m producing a healthy profit of around 23-24%. Accounts will be provided to seriously interested parties following a successful viewing.

Historic 46-Bedroom City Hotel overlooking the River Tay

Excellent city centre location; close to all major attractions and concert venue

Full range of bar, restaurant, function, meeting room facilities

New (2021) Perth Gin Distillery located in the Hotel with adjacent "Gin Garden"

Established Strong Business with T/O c.£1.5million(net), with Excellent Profits



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A 46 bedroom hotel for sale in a spectacular location on the banks of the River Tay, in Perth City Centre ( Agency Pilot Software ref: 50711 )

Location

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Location: Royal George Hotel, Tay Street, Perth, Perth And Kinross

Perth (0.6 miles)

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