Two hotels on NC500 up for sale in Tain for offers over £2.5million
Two hotels on the NC500 route are up for sale in Tain.
Morangie Hotel and Mansfield Castle Hotel have 45-bedrooms between them and are now on the market for offers in excess of £2.5 million. The twohotels include two restaurants, lounge bars and function rooms.
Over the past five years, the hotels have generated a turnover of £1.2 million and an average adjusted profit of £278,000.
Property agents Graham and Sibbald said: “Graham + Sibbald are delighted to be bringing Morangie Hotel and Mansfield Castle Hotel to the market. The hotels offer outstanding architecture and a strong turnover. They are being run as one business for sale and there are 45 letting bedrooms between the two.
“The baronial castle-like properties are quintessentially Scottish and offer the best of Highland hospitality. The hotels offer a new owner the opportunity to build on the already excellent reputation and loyal customer base.
“The hotels offer the opportunity to purchase a Scottish castle that perfectly blends traditional features with modern commodities.”
