Bruce & Co. are delighted to announce the sale of the Baltasound Hotel, which has the accolade of being “Britain’s most northerly hotel.”
Situated on the Isle of Unst, this extremely busy, 24-bedroom hotel has been run successfully since 2008, and was only placed on the market by the vendor, Mr Stephen Swan, due to his wish to retire from the licensed trade.
The Baltasound Hotel benefits from a convenient location, just a few minutes’ walk from the harbour and marina, and a short walk from the Keen of Hamar Nature Reserve. The hotel currently trades seasonally to suit the vendors’ lifestyle with a good mix of accommodation, food and wet sales. In addition, there is a tastefully decorated and well-presented two-bedroom owner’s accommodation.
This represented a rare opportunity to acquire a high quality, beautifully presented Shetland hotel that not only trades successfully, but has the potential to expand to generate more business.
The business was sold to a private buyer on a leasehold basis. The buyer was attracted to the business due to the opportunity to trade seasonally. The buyer comments: “I have been negotiating with Jayne Adamson from Bruce and Co. to acquire a medium sized hotel in the Highlands and Islands. Throughout the process, they have acted in a prompt professional manner ensuring a smooth conclusion in a complex market. They have kept both parties engaged in the sales process throughout.”
Jayne Adamson, Sales Manager at Bruce & Co. comments: “It was a pleasure to deal with the buyer and the vendor – I wish Mr Swan all the best in his future plans, and would like to wish the buyer the best of luck in his new business venture”