Sale completes on former Macdonald Marine Hotel staff accommodation in North Berwick
The staff accommodation building belonging to the former Macdonald Marine Hotel in North Berwick has been sold, Allied Surveyors Scotland can confirm.
The building, which sits on a half-acre plot in the town’s Dirleton Avenue, has been acquired for redevelopment by Caledonian Heritable.
The eventual sale price is not being disclosed but it was in excess of the £1.353 million asking price.
The 9,108 sq ft property which consists of 18-bedrooms over four-storeys, was placed on the market in March.
“Such is the demand for property in North Berwick there was considerable interest from the moment we listed it,” said Allied Surveyor’s director of commercial agency (east), Iain Mercer.
“It led to a highly competitive and, ultimately, successful closing date for our client.”
Chicago-based AJ Capital Partners purchased the iconic Marine Hotel & Spa along with the staff accommodation block, which became surplus to requirements, from Macdonald Hotels in February 2020.
A major refurbishment of the seaside venue is currently underway.
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About the author
Iain is a Director of Allied Surveyors Scotland plc and opened the firm's first east coast commercial agency in April 2018. With nearly 20 years' experience of the Scottish market, he has become a tenacious deal maker covering the Lothians, Scottish Borders and Perth & Kinross regions. In August 2020 he became an Associate of RICS.
In his spare time he is a freelance writer, enjoys running and is also a qualified youth football coach with Haddington Athletic where he coaches an under-14 team.
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