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News - 18 September 2009
Charter hotel goes back to market on 150 year lease.
The Council owned Charter Hotel on the seafront is being offered at a peppercorn rent on the open market but will require £850,000 of refurbishment.
The hotel, next to the Thistle, had been marketed on a 25 year lease but the cost of renovation made it unsustainable. It enjoys a good location but has been empty for two years when it was repossessed and closed because its deteriorating condition made it unsafe.
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