Nether Abbey Hotel 20 Dirleton Ave 12 Room Hotel North Berwick EH39 4BQ $3,347,842 CAD ($278,987 CAD/Room)

Superb 12-Bedroom 4 -Star Boutique Hotel in heart of Scotland's Golf Coast Located in highly sought after town of North Berwick Range of bar; restaurant; private dining & function space Wonderful outdoor dining terrace Well established business - forecasting T/O over £1.4m (net)
The Nether Abbey Hotel is located in North Berwick in the heart of Scotland's golf coast, East Lothian. North Berwick, being a highly sought after location, is truly a fantastic destination due to its picturesque coastal setting, sandy beaches, and wonderful views of the surrounding islands. It offers a rich history with impressive castles and vibrant local culture and, of course, golf enthusiasts can enjoy world-class courses. As well as an superb golf destination, North Berwick has much to offer the leisure visitor from a climb to the "whale-bone" on North Berwick Law to a stroll around the picturesque harbour and beach area.
The Nether Abbey Hotel, a 4-star hotel, has been owned and operated by the same family for over 60-years, has become the "go-to" North Berwick establishment which welcomes not only repeat local custom but attracts both new and repeat visitors from North America, Europe and the UK.
Over the last 20 years the sellers have continuously invested into the hotel, having upgraded both the public areas and letting bedrooms. With a great range of bar, restaurant, private dining and function space the Nether Abbey Hotel lives up to its 4-star status providing a truly first-class visit for its customers.
The sale of the Nether Abbey Hotel provides a rarely available opportunity to buy a sought after, high class hotel business in a sought after location, with an impressive established local, national and international client base. The Nether Abbey Hotel is truly that of a "turn-key" business with no immediate improvements required to the hotel but with the potential to develop in future years.
The Nether Abbey Hotel, located on the main coastal road into North Berwick from Edinburgh, is of traditional red sandstone construction under a pitch and slate roof.
The hotel's main accommodation is comprised over ground, first and second floor The accommodation can be summarised, very briefly, as follows:-
From the front car park the main entrance leads via a vestibule into the entrance lounge with reception desk...Upper Front Restaurant (22) .Music Room (40) - versatile meeting/function roor .Fly-Half Bar/Restaurant (50) with bar servery .Conservatory Restaurant (20) - doors to terrace Outside al-fresco Terrace (50)
12 Letting Bedrooms to sleep 24 .10 X Zip & Link .2 X Double 1 feature, 5 exec and 6 standard bedrooms. All ensuite: 1 X bath with separate shower, 7 X bath with shower over, 4 X shower only.
The Nether Abbey Hotel trades successfully year round with a mix of visitor, golfing and local custom.
Trading accounts for the y/e 31st March 2024 show a total turnover of £1,232,618 (net of VAT) with excellent EBITDA profits.
Budget forecasts to 31st March 2025 suggests a t/o of £1,429,036 (net of VAT) with a budgeted EBITDA close to £400,000.
(Note : the vehicle access entrance is shared with the adjacent owners of the residential properties, with access to their private parking to the rear of the hotel)
Mains gas, electricity, water and drainage. Central heating and hot water from gas fired boilers.
Offers of £1,800,000 are invited for the heritable (freehold) interest in the property, the trade fixtures, fittings and equipment, together with the goodwill of the business, which is to be sold complete as a going concern. Stock in trade to be purchased at an additional price at valuation on the date of entry.