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The Tweedside Hotel is a friendly and lively 3 star hotel situated in the charming town of Innerleithen, Scottish borders. Currently operating as a 5 letting room hotel with accompanying public bar the business is operating with good margins and enjoys steady demand from those visiting the local area. The area is particularly well known as a mountain biking centre with a number of world class facilities nearby. The business has undergone a number of refurbishments and the bar and room facilities are both contemporary and well maintained.
Strong trading figures
5 letting rooms
3 star hotel
Popular public bar
Strong demand for accommodation
Freehold Offers Over £299,950
LEASEHOLD OPTION AVAILABLE
The Tweedside Hotel is located in the middle of the charming borders town of Innerleithen. The town lies within the picturesque Tweed Valley where Leithen Water joins the River Tweed and the town is surrounded by beautiful hills which dominate the skyline. The area is renowned for outdoor pursuits, particularly mountain biking as it offers a variety of downhill and forest trials and is close to both the 7 Stanes mountain biking centre at Glentress and Red Bull Innerleithen Mountain bike track.
The area is also popular amongst walkers, golfers and salmon fishing is available on the River Tweed. The picturesque town is well serviced and provides a wide range of amenities including local retail, banking and health services. There is also a primary school in the town whilst secondary education can be found at Peebles. The town of Peebles is a short drive to the West and is a larger settlement offering a wider range of amenities. The Tweedside hotel is also conveniently located only 30miles from Edinburgh and is easily accessible as well as providing a large pool of visitors to the Borders.
The business has been run under the current owners since 2002 and in this time has been transformed into a lively and popular venue. The 5 letting rooms are priced competitively and there is excellent demand from the mountain biking facilities nearby. Group booking discounts and bike storage / cleaning facilities have been introduced in recognition of this major income stream. Occupancy levels remain high throughout the year buoyed by the sheer variety of outdoor activities available. The business recognises the needs of the typical clientele drawn to the hotel allowing for functionality and a sense simplicity in how the business operates. Alongside the letting rooms the public bar provides a good atmosphere often putting on entertainment throughout the summer as well as popular poker and quiz nights. This additional income stream is desirable and meals provided have proved to be popular amongst the guests staying in the rooms. The catering element also provides an area for expansion should a prospective purchaser wish to introduce their own influence.
Importantly the infrastructure in the area is also set to improve dramatically with the completion of the new Borders Railway and will see four new stations built in Midlothian and three in the Scottish Borders. This will allow easy access to Edinburgh and ease of travel around the surrounding area which will undoubtedly increase visitor numbers and provide a boost to the local economy. The railway, general growth in the town as well as the popularity of the area all ensure solid demand on which prospective purchasers can introduce a personal business model and continue the success of this business.
The property is a substantial stone construction and former Inn dating back to the early 1900s. It is a mid-terraced building under a pitched and slate roof with a number of businesses and residential properties nearby. The public bar situated on the ground floor is a bright and spacious area providing approximately 35 covers arranged as fixed wall seating and free standing chairs. All the furniture is modern and compliments the stripped timber floor creating a contemporary atmosphere. Leading form the main bar area is a further room with additional bar and is utilised as a games room housing a pool table and gaming machines. Access to the rear patio/beer garden can also be gained from here and is a popular venue in the summer months.
The letting accommodation and private owners accommodation is situated on the first and second floors and benefits from separate access from the high street. The letting rooms comprise 2 family rooms and a twin room on the first floor, all with shared access to a large bathroom. Continuing to the second attic floor there is a further family room with en suite and twin also with en suite. The capacity of the hotel provides facilities for 12 people and all rooms are well presented providing clean, comfortable and good value accommodation. Throughout the property there are a number of service area including various stores, a spirit cupboard, large cellar and a modern commercial kitchen. The separate owner’s accommodation comprises 2 bedrooms, lounge and bathroom.
Beer garden and patio area, ample parking nearby.
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