Famous Georgian town house and hotel up for sale

A prominent Peterhead landmark and neighbouring hotel have been put on sale by the family who have owned the property for nearly 30 years.

The Georgian townhouse Chain House and the adjacent Bayview House hotel have gone on the market with an asking price in excess of £325,000.

The combined property, on the corner of Kirk Street and St Peter Street, belongs to the Elder family but was put up for sale following the death of James Elder, 75, in May this year.

The Chain House, a family home, is an 18th-century building and one of the town’s most famous landmarks.

Split over two floors, the treasure-filled house includes a garden flat and two-storey masionette. The doors of Chain House were regularly thrown open for Scottish Week.

Bayview Hotel closed its doors to guests two years ago and was operated for a time as a homeless hostel. The building was granted an HMO license for this purpose.

The hotel unit includes a public basement bar, at one time a James Bond-themed venue.

In the particulars, selling agent Shepherd Commercial highlights the property’s close proximity to the proposed £5million Aberdeenshire Council office development as a major selling point.