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Potential buyers express interest in Waverley Hotel

The Waverley Hotel, in Perth, is back on the market.
The Waverley Hotel, in Perth, is back on the market.

A number of inquiries have already been received about the derelict Waverley Hotel in Perth.

While not disclosing who the proposed developers are, selling agents Montagu Evans confirmed there has been some interest in taking over the building, which is located on York Place.

The hotel is back on the market after businesswoman and philanthropist Ann Gloag dropped her plan to demolish the C-listed building and build a hall to link to the adjacent Trinity Church of the Nazarene.

Both Ms Gloag and her brother, Sir Brian Souter, are members of the Perth church.

No reason was given for withdrawing the submitted proposal, but the decision has paved the way for the sale of the Waverley Hotel, which was once synonymous with high teas in Perth.

The hotel became a homeless hostel prior to closing its doors in 2011 and has been boarded up ever since. It has been regarded as an eyesore located on one of the main arterial routes into Perth city centre.

The premises are described by Montagu Evans as occupying “an extremely prominent” position and being “only minutes’ walk” from the core retailing and licensed areas of the city centre.

Montagu Evans states that the hotel was previously run as a three-star hotel/bed and breakfast, but ceased trading in 2009.

The vacant property has a hotel reception located on the ground floor, with reception desk and office to the rear. The building also has a lounge, meeting room, bar, function suite, kitchen and ancillary accommodation.

The selling agents state that, although these areas are unused, they could be converted to provide additional rooms, if required.

In addition, there are a total of 27 double/twin letting bedrooms and four single bedrooms on the upper floors. All bedrooms, with the exception of one, have ensuite facilities.

There are also a further four bedrooms which were used for storage. The former hotel also had a breakfast room ,which was able to seat around 30 people.

The hotel is situated within the Perth Central Conservation Area.

Amongst the details supplied by the selling agents, it is revealed that the hotel currently has a very poor building energy performance, with several recommend-ations given to improve the situation.

These include building mounted wind turbines and installing secondary glazing to some of the windows.