The Red House Hotel for sale for £2.4m
The hotel can host functions for 160 people and also offers golf, shooting and fishing breaks
The Red House Hotel, a 3-star hotel located in Coupar Angus, Scotland is up for sale for a price of £2.4m.
Specialist business property adviser Christie & Co has brought it to market as two of the partners have decided to retire after 36 years in the hospitality industry.
The 20-bedroom hotel has undergone consistent expansion throughout the previous owners ownership and the hotel has been developed to offer a wide range of facilities with a bar and restaurant, as well as a conservatory, public bar, snooker room, leisure facility, squash court and pool and darts room.
The function facility offers a capacity of 160 and can accommodate smaller numbers for either private parties or conferences.
Operating year round, the business provides for multiple streams of income from a diverse split of trade, including accommodation, food, beverage, function/conference trade, and leisure, with food and beverage being the largest proportion. The hotel hosts weddings, funerals and other functions, also offering weekend golf, fishing and shooting breaks in the surrounding area.
Brian Sheldon, regional director at Christie & Co, said: “The Red House Hotel sits upon a large plot with an enviable trading position within the town. Directly to the front is the large car park which can accommodate up to 90 cars.
“To the side of the hotel sits a large vacant plot for future development, which presents the opportunity to expand the letting bedrooms and leisure facility. Whilst trading very well, there is no doubt that the business offers a discerning purchaser the opportunity to further develop and expand the business.”
