SIC - Orkney & Shetland valuation joint board

Business / Lerwick hotels on the market

The Queens Hotel in Lerwick. Photo: Hans J Marter/Shetland News

TWO Lerwick town centre hotels have been put up for sale.

The Grand Hotel and the Queens Hotel are being sold through mainland property company Ryden.

The Grand, situated on the heart of Commercial Street, has an asking price of over £450,000, and its sale includes the adjoining Posers nightclub.

It has over 20 bedrooms and staff accommodation totalling six rooms.

The Queens, located at the Lodberries at the other end of the street, has 27 bedrooms, and like the Grand, it has its own bar and restaurant.

Its price is offers over £500,000.

Both hotels are part of the KGQ Hotels Ltd company. Owner George Hepburn declined to comment.

The Queens Hotel has been active since the early 1860s and it is currently three-star rated.

The Grand, which has a history spanning back to the late 1800s, also has three stars.

The two hotels are the latest high-profile commercial properties to go on sale in Shetland, with the Toll Clock Shopping Centre going on the market last year and the Waas Bakery also listed.