Money

Price of Moffat House Hotel slashed after it goes into administration



The Grade A listed Moffat House Hotel in the eponymous Dumfriesshire town is being marketed at £700,000 – a substantial price cut from the £1 million it was on the block for in June last year.

The Georgian mansion house designed by John Adam for the Earl of Hopetoun in 1761 is set within 1.4 acres of grounds. Colliers International’s specialist hotels team has been instructed to sell the property by TC MacLennan of FRP Advisory, Trustee in the Sequestration. The hotel went into administration in December and closed suddenly with the loss of 28 jobs.

The Moffat House Hotel has traded for many years as a hotel business and is well established.

Its location, almost equidistant from Edinburgh, Glasgow and Carlisle, and only one mile from the M74, ensures an ease of accessibility, the sellers said.

The 21-bedroom Moffat House Hotel has a range of elegant public rooms, including a banqueting and function suite, and also includes a two-bedroom cottage.

Colliers director Alistair Letham, said: “The Moffat House Hotel is a classic Georgian mansion house, unusually in a town centre location which all adds to the attraction of the property.

“It is easily accessible in this ‘corner’ of southern Scotland. The hotel ceased trading in December 2019 and is its availability offers an outstanding opportunity for new owners to re-establish this once popular hotel business in an attractive location.”



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.