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£750k revamped Montrose hotel brought to market

Grey Harlings Hotel, a refurbished, family-run hotel located in the coastal resort town of East Links in Montrose, Scotland, has come to market through Christie & Co, with a pricetag of £750k.

Offering nine ensuite guest rooms, Grey Harlings Hotel boasts spectacular views over the historic Montrose Golf Links – the fifth oldest course in the world and sits a short walk from the town’s beach front.

The boutique hotel benefits from a lounge, bar and restaurant, beer garden that accommodates 60 guests and a car park to the front for 15 cars. In addition, the ground floor features a small gym which has potential for conversion back to a double room if required.

This is a unique opportunity to acquire a well-established regional hotel business which has been refubished to a high standard and offers great growth potential. Also included within the sale is a three bed owners flat.

The hotel enjoys a central location in the quaint town of East Links, Montrose, which attracts tourists year-round and in particular via the port which in 2019 brought in over 1 million guests to Angus. Dundee is around 38 miles to the south with Aberdeen being 42 miles to the north and can easily be reached via car, bus and train.

Tony Spence, Business Agent, of Christie & Co, who is handling the sale, said, “We’re delighted to be marketing the opportunity to acquire a popular business within Montrose, which our clients have owned for over 15 years.

'The business enjoys multiple revenue streams, operating as a hotel with a bar and restaurant, whilst the guest lounge area also provides an income stream for small functions and events. The business has a large following on Facebook and Instagram and also boasts fantastic reviews on TripAdvisor(5*) and Google.'