A 15-bedroom hotel on an elevated site in Oban is being sold by the family which owns it for around £800,000.
UK property firm Graham + Sibbald, which has been appointed to sell Argyll House on Dunollie Road on behalf of the MacKechnie family, said it was “a wonderful opportunity to acquire an established hotel in [a] great location”.
Argyll House is located on the main road from Connel into Oban, with what Graham + Sibbald described as "magnificent views" overlooking Oban Bay and the Isle of Kerrera.
Argyll House, formally known as the King’s Knoll Hotel, has a lounge bar, bar-lounge conservatory, and conservatory restaurant. In addition to the 15 letting rooms, the hotel also has two double rooms used for staff accommodation.
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Graham + Sibbald said: “Argyll House, being sold by the MacKechnie family, is currently tenanted and operates on a purely bed-and-breakfast basis. The current tenancy will be terminated on completion of a sale.”
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Alistair Letham, a hotel and leisure consultant with Graham + Sibbald, said: “Argyll House…is an excellently presented hotel, prominently located as you enter Oban, with beautiful views of Oban Bay and the Isle of Kerrera. Currently trading, successfully, on a B&B basis only, gives new owners a truly fantastic opportunity to take over a well-established business with significant growth potential by, say, offering a F&B (food and beverage) service”.
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Graham + Sibbald said: "Oban itself is nestled on the west coast and surrounded by miles of dramatic shores and beautiful countryside. It is known as the 'Gateway to the Isles' and is a bustling town being one of the busiest in the west of Scotland."
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