Aaron Lodge Guest House, an established 4-star guesthouse in the heart of Edinburgh, is on the market through Christie & Co, with a guide price of £950k for the freehold.
Acquired by the current owners, Ted and Dot Baigan over 13 years ago, the purpose-built property has received extensive refurbishment over the years.
The business previously traded as a hotel with a full food and beverage offering until 2013, when the owners decided to trade solely as a guest house. It now comprises ten elegant en-suite bedrooms located over the ground and first floor levels and features a light-filled conservatory which is utilised for breakfast.
The guest house benefits from its central location near Edinburgh city centre and the various tourist attractions which draw visitors to the area. It is also located five minutes away from the Edinburgh Royal Infirmary (ERI) Hospital which includes the bio-medical unit and Sick Children’s Hospital and as such, regularly welcomes families and visitors of patients in the guest house and restaurant.
Aaron Lodge Guest House offers prospective buyers a fantastic opportunity to increase trade and profits. There is potential to re-introduce a wet-led revenue stream in the unused bar area, as the premises licence has been retained by the current owners and to grow the restaurant offering, which can accommodate 30 people.
Brian Sheldon, Regional Director for Scotland & North West England is handling the sale and commented, “This is a fantastic opportunity for someone to acquire an established guest house which benefits from a first-class trading position. The business is performing well however there is still plenty of opportunity and potential to develop income by utilising the small bar and restaurant if desired.”