The Caterer

Swallow swoops on Highlands hotel

24 October 2005
Swallow swoops on Highlands hotel

The Craiglynne Hotel, Grantown-on-Spey, Highlands, has been sold at auction for £2.56m.

The 83-bedroom property was sold to a London-based buyer and let to Swallow Hotels, with a guarantee from London & Edinburgh Inns, on a new 25-year lease.

The current rent is £197,000 a year, exclusive of rates, subject to fixed increases at five-yearly intervals for the first 15 years and five-yearly to open market rental value thereafter.

The annual rent for the first three reviews will be:

  • From 2015 - £252,200

  • From 2020 - £285,300

The auction house was Allsop & Co.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!