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6 bedroom pub for sale

2569. The Commercial Hotel, Young Street, Burghead, IV30

£209,950

Property Description

Commercial information

  • Business for sale

Key features

  • Ideally located in the rural town of Burghead
  • T/O: 150,000 GP: 55%
  • Boasts easy access to the A96
  • 6-letting rooms
  • 3-bedroom owners' accommodation
  • Licensed to sell alcohol
  • The sea front within easy walking distance and a number of golf clubs just a short drive away

Full description

Tenure: Freehold

Location
The Commercial Hotel occupies substantial detached premises, ideally located in the rural town of Burghead, Morayshire. The premises benefits from ample on-street parking and are surrounded by a residential area. The business boasts an ideal trading position for tourism, with the sea front within easy walking distance and a number of golf clubs just a short drive away. The hotel is surrounded by a variety of complementary shops and businesses and there are a number of bus stops close by. The business boasts easy access to the A96, allowing good access to Inverness, which lies approximately 30 miles away. There are two RAF bases within 8 miles of the town, from which it draws much trade. Elgin is less than 8 miles to the south east and Nairn is 20 miles away.

Business History
Preferred Commercial is delighted to offer for sale this busy hotel and public house, which was established in 1900 and which has been in our clients' careful hands since 2003. The hotel is only now offered to the market due to our clients' other business interests. The business trades all year round, generating a turnover in the region of 150,000 per annum with a gross profit of 55%, derived from 6-letting rooms, bar sales and a breakfast menu. The hotel is also licensed to sell alcohol for consumption off the property. The business enjoys regular long term trade from contractors for the use of the letting rooms. The hotel has gained an excellent reputation over a century of trading and has a loyal customer base. The premises are well-equipped to suit the trade with a spacious bar area, lounge/dining area and a commercial kitchen, which was refurbished in 2009. There is also 3-bedroom owners' accommodation with lounge and bathroom. We feel the turnover could be increased by utilising the dining area and commercial kitchen further, by introducing lunch and evening menus. This is an ideal opportunity to acquire an already busy hotel and public house with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: 150,000 approx.
GP: 55%

Opening Hours
Mon - Thurs: 12:00pm to 12:00am
Fri - Sat: 12:00pm to 1:00am
Sun: 12:00pm to 12:00am

Accommodation Details
Substantial detached hotel premises with 6-letting rooms and 3-bedroom owners' accommodation. Briefly comprising:

Ground Floor
Bar area with a range of spirits, wine chiller, 3 x refrigerators, electronic cash register, tables and chairs, pool table and 2 x darts boards
Lounge area with range of tables and chairs for up to 28 covers, bar with electronic cash register and a range of spirits
Commercial kitchen with a range of wall and base units, electric oven, double fryer, gravity fed AGA oven, 2 x microwave ovens, toaster, 4 x sink units and dishwasher
Gents WC with wash hand basin
Ladies WC with wash hand basin
Beer cellar with 7 x beer lines, ice machine and storage for wines and spirits

First Floor
Room 1: family bedroom with en-suite shower room
Room 2: double bedroom with en-suite bathroom
Room 3: twin bedroom with en-suite shower room
Room 4: twin bedroom with en-suite shower room
Room 5: double bedroom with en-suite shower room
Room 6: double bedroom with en-suite shower room
Owners' accommodation
3 x bedrooms
Lounge
Bathroom

External
Small courtyard to rear
4 x outhouses currently used for storage

Tenure
Advised freehold

Energy Performance Certificates (EPCs)

To view this property or request more details, contact:

Preferred Commercial, Nationwide

Lower House Farm Mansell Way, Horwich, Bolton, BL6 6JL

0844 871 1484 Local call rate

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Disclaimer

Property reference 2569. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Preferred Commercial, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.