Specialist business property adviser, Christie & Co has been instructed to sell the hotel, which enjoys an enviable position in the bay, overlooking the Cruden Bay Golf Course and out to Cruden Bay.
Brian Sheldon, Regional Director, of Christie & Co, who is handling the sale, said: “The sale of the St Olaf Hotel offers the discerning purchaser a unique opportunity to acquire a small family-run hotel in an enviable location, which attracts a range of guests, including business travellers, domestic holidaymakers and international tourists.”
The traditional hotel features a reception hall which includes a spacious lounge, restaurant, breakfast room, and public bar with a separate entrance.
The accommodation offered comprises five en-suite bedrooms, which cater for single guests and families alike and have been decorated in a comfortable, homely fashion.
Slains Castle can be seen from the front bedrooms of the hotel, as can the panoramic views of the historic Buchan coastline.
Christie & Co says the sale of the St Olaf Hotel presents a great opportunity for a new operator to acquire a well-established business in a sought-after coastal village location that, historically, has performed exceptionally well.
It adds that there is plenty of opportunity to grow the business through internal investment and reviewing how the hotel is marketed on various social media platforms.
The St Olaf Hotel is on the market at an asking price of £450,000 for the freehold going concern.