ONE of the Isle of Skye’s oldest hotels, which dates back to the 1800s, has been put up for sale after long-time owner Richard Jeffrey decided to retire.
Mr Jeffrey, who has been in the hospitality sector for about 40 years, has appointed business property adviser Christie & Co to sell the Ardvasar Hotel, on the south coast of Skye.
Christie & Co described the 10-bedroom hotel’s turnover and profit levels as “consistent”.
The hotel, which is located in the Garden of Skye overlooking the Sound of Sleat with a view out to the Knoydart mountains beyond, has been owned and operated by Mr Jeffrey for 15 years.
Situated about 800 metres from the pier at Armadale, the Ardvasar Hotel is on the market on a freehold basis, with an asking price of £825,000.
Among its customer base, the hotel counts visitors who come to the area to enjoy hillwalking, sailing and fishing.
Christie & Co associate director Stuart Drysdale, who is handling the sale, said: “The Ardvasar Hotel presents an excellent opportunity for a purchaser to take on a well-established business with good reputation and consistent turnover and profit levels.”
He added: “The hotel currently opens all year round and is frequented by UK and international visitors and also benefits from regular local trade, with the student population of the nearby Gaelic college utilising the premises as a social base.
“Skye has always been a popular destination for visitors to Scotland and hotel trade is strong on the island.”
Mr Drysdale said Christie & Co expected high levels of demand for the Ardvasar Hotel business from UK and international buyers.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here