The Edinburgh office of licensed property specialists Colliers International have been instructed by the Joint Administrators, Paul Dounis & Kenneth Pattullo, Begbies Traynor, of MSL Hotels Limited and The Watermill Hotel (Paisley) Limited to market for sale the Watermill Hotel, 1 Lonend, Bladda Lane, Paisley, Renfrewshire.
The Watermill Hotel was placed In Administration in January 2013 and remains open for business as usual being operated and managed by the Administrators.
The 49-bedroom hotel, created from an historic Saucel Mill, has a prominent and high profile location in the centre of Paisley and offers additional facilities of restaurant, bar, function room and two conference/meeting rooms.
Alistair Letham a director with selling agents Colliers International commented “Watermill Hotel, has long been an established business on the hotel scene in Paisley and continues to be so. Unfortunately the current financial climate has forced the Administration but this established business remains open for trade continuing to serve both the local and visit community. Prospective purchasers can acquire this well established business which offers a tremendous opportunity”.
Selling agents Colliers International are inviting Offers around £900,000 for the Watermill Hotel, Paisley.