Philipburn Hotel for sale for £1.3m

The Philipburn Hotel in Selkirk in the Scottish Borders has been put up for sale for a price of around £1.3m.

The hotel has 20 letting bedrooms and a number of bars, restaurants and meeting and function facilities, including the Linglie Function Suite.

It also includes gardens, a seating terrace and an open air pavilion ideal for wedding ceremonies as well as three two bedroom apartments for private/staff accommodation.

The hotel is being sold by Ian and Marie Wells who have owned and operated the hotel for 16 years as they look to retire from the industry.

It is part of the Best Western Group Signature Collection Brand, and was recently awarded, by Best Western, the Brand Ambassador Award for 2022.

Alistair Letham, hotel and leisure consultant with Graham and Sibbald who are advising the sale, said:“The Philipburn Hotel is a most attractive property with which I have had the pleasure of being associated with for some 30 plus years. It is great to see how the hotel has developed over those years to this well-known and well-established business in the heart of the Scottish Borders.

“Its availability gives new owners a wonderful opportunity to take over this profitable business and continue its excellent reputation and growth.”

Graeme Smith, director with Smith and Clough who are acting jointly with Graham and Sibbald, added: “We are delighted to be working alongside Graham and Sibbald on the sale of this award-winning hotel.

“Presented to an excellent standard both internally and externally, the Philipburn Hotel is a superb business with very little, if any, CAPEX required. Viewing is strongly advised to fully appreciate what is for sale, coupled with spacious owner’s accommodation, and the opportunity it offers.”