A landmark hotel in the royal burgh has gone on sale for almost £500,000 – and the selling agents hope the new Borders railway will boost interest.
The Victorian nine-bedroom Glen Hotel is an establishment that nods to both the past and future of Selkirk, and is being marketed for sale by specialist property adviser Christie and Co.
The selling agents say the hotel looks set to benefit from the imminent arrival next year of the new rail link from Edinburgh to Tweedbank.
In addition to its nine bedrooms, the hotel also has a 32-cover restaurant, all of which affords guests an excellent base to explore the natural beauty of the region, as well as take part sporting activities like golfing, horse riding or fishing, for which the area is renowned.
Ken Sims, director of Christie and Co in Edinburgh, told The Wee Paper this week: “The Glen Hotel is popular with both tourists and commercial visitors –some 40 per cent of the hotel’s income is derived from business trade – and it benefits from a high level of repeat business.
“The sale of the hotel presents an excellent opportunity for a new owner to take the business forward – either by extending the food offering to non-residents of the hotel or by creating more of a guest house approach to the business.
“With four-bedroom owners’ accommodation too, the Glen Hotel could be a perfect lifestyle business for someone looking to move to this delightful part of the country.”
The freehold to the Glen Hotel is available for £499,950.