Monorene Guest House in Galashiels with 6 rooms and parking, ideal for Airbnb investment.
Galashiels, Scottish BordersEst. 24 years
- Status
FOR SALE
- Advert ID
659194
- Reference
Monogh23 / Rightbiz
- Call Agent:
- Freehold: £345,000
- Turnover: On request
- Profit: On request
Business Details
Monorene Guest House
Prime central location in Galashiels, beside the railway station and new bus interchange
· Direct rail link to Edinburgh, ideal for tourists, business travellers and commuters
· 6 well-appointed letting rooms mix of single, twin and family rooms
· Operated on a room-only basis, no breakfasts, reduced workload
· Scope to trade as a traditional guest house/B&B or more “hands-off” Airbnb-style operation
· Free on-site parking (5 vehicles)
· Short walk (around 5 minutes) to town centre amenities and quality retail
· Tremendous potential to generate high ROI as Airbnb-style operation
· Genuine retirement sale after more than two decades of successful ownership
Scottish Business Centre is delighted to bring to the market Monorene Guest House, a traditional and long-established guest house located in the very heart of Galashiels in the Scottish Borders. Ideally positioned just a stone’s throw from Galashiels railway station – with direct rail links to Edinburgh in under an hour – and adjacent to the new bus interchange and major UK retailers, this is a unique opportunity to acquire a well-presented, easy-to-run guest house in a highly strategic trading location.
Our clients have owned and successfully operated Monorene Guest House for over 24 years and are now offering the business for sale solely due to their wish to retire.
Location
Monorene Guest House enjoys an exceptional trading position within one of the borders most popular destinations. Galashiels is a medium-sized town located in the Scottish Borders, about 33 miles south of Edinburgh, set in the valley of the River Tweed and surrounded by rolling hills. With a population of around thirteen thousand residents, it serves as one of the main centres for the wider Borders region. Historically, the town grew on the back of the textile industry, and that heritage is still visible today in specialist textile firms and related design and education facilities, including a campus of Heriot-Watt University focused on fashion and textiles. Modern Galashiels also supports a mix of service industries, retail, education and small-scale manufacturing, making it an important employment hub for nearby rural communities.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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