Knight Frank has sold the Royal Golf Hotel, Dornoch in a private sale for a figure close to the asking price of £5m.
Acting on behalf of Havana West Ltd, Knight Frank partner, David Reid closed the deal on one of the most famous golf hotels in Scotland just six weeks from when the property was placed on the market.
The hotel is located beside the 1st tee on one of the world's top rated golf courses. It has planning permission where it can be refurbished to provide 33 en-suite rooms with additional planning permission for 11 luxurious apartments/cottages within the hotels grounds.
David Reid of Knight Frank said: "We are delighted with the speed in which the sale of this prestigious property occurred. The hotel boasts a unique position overlooking the 1st tee of Royal Dornoch Golf Course and has an important local history.
"We received a lot of interest in the property and its quick sale demonstrates a continued confidence from developers and investors in the hotel and leisure sector. The success of this deal indicates that there is still significant demand from discerning buyers at the top end of the hotel market and we can confirm that the new owners will take over the property from next week."
The property is situated beside Royal Dornoch Golf Course which is the world's third oldest golf course. Adjoining the famous Tom Morris course is the 18 hole Struie Links designed by Donald Steel and within a short distance of Dornoch there are 11 other historic courses.
(GK/JM)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
15/11/2024
A major milestone has been reached in the UK's transition to a greener energy future. Ofgem has approved the Eastern Green Link 1 project, a £2.5 billion investment that will see the installation of a 196km subsea electricity cable between Scotland and England. The project, a joint venture between ...
15/11/2024
Falkirk Council has secured a £100 million Growth Deal that is expected to create 1,660 jobs and generate £628 million in economic benefits for the area. The Deal, signed by the UK and Scottish Governments, will fund 11 projects, including: • A Carbon Dioxide Utilisation Centre • A Bioeconomy ...
15/11/2024
The Scottish Plant Owners Association (SPOA) has raised concerns that the measures announced in the Autumn Budget could lead to the demise of the plant hire industry in Scotland. The association argues that the increased tax burden and other economic pressures will have a significant negative ...
15/11/2024
Maxi Construction has been awarded a £1.6 million contract by The City of Edinburgh Council to replace the Reinforced Autoclaved Aerated Concrete (RAAC) roof at Pentland Primary School. The phased project will involve the removal of existing roof coverings and ceilings, the replacement of RAAC ...
15/11/2024
Clark Contracts has been awarded a contract to retrofit Scotland's National Retrofit Centre at BE-ST's Innovation Campus. The project aims to transform the building into a living laboratory, showcasing best practices in non-domestic retrofit. The ambitious project will involve a range of ...
15/11/2024
The Scottish Government has announced plans to bypass the villages of Springholm and Crocketford on the A75, a key route linking Scotland to Ireland. Jacobs UK Ltd has been awarded a contract to undertake initial design and assessment work for the bypass. The project is funded by the UK ...
15/11/2024
Dundee City Council has secured a £693,383 grant from the Scottish Government's Recycling Improvement Fund to upgrade its recycling facilities at Baldovie and Riverside. The funding will be used to purchase new waste management equipment, such as roll packers and compactors, to improve efficiency ...
15/11/2024
Homes for Good and Glasgow Credit Union have formed a partnership to address housing inequality in Glasgow and neighbouring areas. Glasgow Credit Union has provided a £2.4 million loan to Homes for Good, which will be used to purchase up to 35 homes for low-income individuals and families. The ...
15/11/2024
The historic Troon station has reopened following a £5m restoration project. The station was extensively damaged by a fire in 2021. Network Rail, in partnership with AmcoGiffen and CPMS, undertook the rebuild, which included the restoration of the station's iconic façade while incorporating modern ...
15/11/2024
BEAR Scotland, on behalf of Transport Scotland, is undertaking emergency works on the A828 between Ledaig and Benderloch to address a safety concern related to a deteriorating rock face. Recent monitoring has identified a fractured rock mass 60 metres above the road, requiring urgent attention. To ...