Garth Hotel & Restaurant, situated in the main street of Scottish Highlands town Grantown-on-Spey, has gone on the market, alongside a substantial area of land to the rear and the adjacent Gladstone House. Featuring 18 letting bedrooms, a busy bar and restaurant, lounge and two private meeting rooms, the Garth Hotel is ideally located for visitors to the Highlands. The hotel has been owned and managed by the WKW Partnership for the last 17 years, with selling agent Colliers International inviting offers around £975,000 for the property.
Cairngorms National Park has granted planning consent for the refurbishment and renovation of Gladstone House, with a view to develop a five-bedroom and two-bedroom house, in addition to the development of 12 new self-catering units for holiday purposes (1 x 3 bedded; 10 x 2 bedded; 1 x 1 bedded) to the rear of the Garth Hotel.
Alistair Letham, director, hotels, with Colliers International, commented: “The Garth Hotel is a well-established and popular hotel destination. A successful business in its own right, the inclusion of the land and adjoining house, with the valuable consent for houses and holiday units, makes this a very attractive proposition. This provides an excellent development opportunity for new owners to create a leisure destination, alongside the Garth Hotel.”
Selling agent Colliers International is inviting offers around £975,000 for the Garth Hotel & Restaurant, 21 Castle Road, Grantown-on-Spey, Morayshire, PH26 3HN, to include the development land and adjoining Gladstone House.
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