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Property Listing Details

Property details

  • 8 bedrooms
  • 1 bathroom
  • 2 reception rooms

Features

  • Freehold
  • Option to convert to residential home - trading with 8 letting rooms, award winning
  • Main road location, victorian property
  • Rarely available, lifestyle business
  • Large grounds, early viewing recommended

Listing view statistics

Last 30 days: 561 page views

Description

Reference - 46223

Description
Bruce and Co. Are delighted to offer for sale Binniemyre Guest House, this beautifully presented Guest House is located within the Scottish Borders Town of Galasheils. Binniemyre Guest House is a stunning Guest House offered in true walk in condition and is situated on one of the main roads into Galasheils. The business has been under our clients’ careful ownership for over 30 years and they have very reluctantly taken the decision to place it on the market due to their wish to now retire. The business receives exemplary reviews on Trip Advisor where is has also been awarded with a certificate of excellence – a true testament to the service and care provided by our clients. Business is generated through the Guest house’ own informative website
and it is also featured on several hotel booking sites where it is highly reviewed and recommended by previous guests. The business trades successfully with high occupancy levels throughout the year. Although the business is trading very well there is still further potential for growth as at present the current owners choose to only offer bed and breakfast but the business has the facilities to offer lunch and evening services.

Option to convert to residential home - our vendors are the first to run A B&B from this premises - could easily be changed back to residential.

Staff
Owner run + some part time staff

Trading Hours
Trades 11 months of the year

Building Internal
This impressive elevated detached Victorian mansion is designed over three levels and retains an extensive list of period features including bay windows, working shutters, fireplaces, decorative cornicing and has its very own internal turret stairwell. This attractive stone built and historical listed property has undergone refurbishment and renovation since our clients took ownership of the property. The work has been carefully planned to retain the traditional elements but also offer the modern comforts which today’s’ traveller expects and with a luxury finish. On entrance to the property guests are welcomed in the reception / Guest lobby to the left-hand side, furnished with attractive and luxurious red leather sofas and original open fireplace. The breakfast room which is located to the right hand side of the entrance hallway, with wooden tables and chairs to accommodate all guests, has views over looking the garden to the side of the property through a large bay window and has a marble feature fireplace.

Building External
The award-winning gardens are set with a sweeping lawn and mature planting including wonderful rhododendrons, two 100 foot Canadian Firs which stand tall and proud over the house and gardens and, for extra atmosphere they are floodlit. There are five outside seating areas, three of which are situated within flower-decked pergolas at various points around the house. There is a roof terrace with sun loungers which is accessed via a wrought iron spiral staircase. Other areas include a seating area complete with umbrella situated next to the cooling and tranquil waterfall. There is also a cosy summerhouse, with comfy seating and a table.

Owners Areas
The owner’s accommodation is located on the ground and basement floor of the building and is accessed from the main entrance. The owner’s accommodation currently consists of a large living room/bedroom area to the front, double bedroom to the rear, family bathroom and the basement is accessed from a spiral staircase.

Service Areas
The property benefits from a large L shaped kitchen with plenty of prep space and cooking facilities for a business of this size. Within the kitchen is a private seating area for the owners.

Services
The property has mains water (new water pipe fitted approx. 2018), mains gas, wood burning stoves and electricity. A new boiler was also installed in February 2020.

Summary
Binniemyre Guest House offers the fantastic opportunity to not only purchase a profitable business but also a wonderful home. Early viewing of this unique property is rarely available on the market place!

Option to convert to residential home - our vendors are the first to run A B&B from this premises - could easily be changed back to residential.

Price
Offers over £890,000 are sought for the freehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

You could get

Superfast broadband Superfast broadband

Up to 60 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Galashiels 0.9 miles
  • Tweedbank 1.4 miles
  • St Peter's Primary School 0.3 miles
  • Langlee Primary School 0.5 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Galashiels 0.9 miles
  • Tweedbank 1.4 miles
  • St Peter's Primary School 0.3 miles
  • Langlee Primary School 0.5 miles

Market stats

Sale activity

Average estimated value for a house in TD1:

  • £290,828
  • Price increase

  • £20,120
  • (7.432%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £234,202
  • Properties sold

    13

Rental opportunities

Not known

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

Approximate costs
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per month

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The Agent

Price history

Sold prices provided by Land Registry
16th Jul 2020 £850,000 Price reduced by £40,000
2nd Oct 2019 £890,000 Price reduced by £20,000
14th May 2019 £910,000 Price reduced by £14,995
21st Sep 2018 £924,995 Price reduced by £25,000
26th Jul 2018 £949,995 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Bruce & Company. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bruce & Company for full details and further information.