Hotel for sale

The Square - AB51

£549,995

Property Description

Commercial information

  • Business for sale

Key features

  • Restaurant with 60 Covers
  • Well Supported Public Bar
  • Turnkey Business Opportunity
  • Accommodation - 2 Bedrooms

Full description

Tenure: Freehold

Description
Bruce and Co. are delighted to present to the market, Morris's Hotel, a long established restaurant and pub positioned in idyllic surroundings in Oldmeldrum, Aberdeenshire. The business has been under the very caring ownership of our clients for 14 years and has reluctantly been placed on the market due to family commitments. Morris's Hotel enjoys a generous turnover and provides the owners with an excellent source of income which is derived from revenue generated through very strong wet sales in the public bar as well as food sales and with 2 letting rooms gives strong profit all round. Morris's Hotel receives exemplary feedback from customers and benefits from extremely positive reviews from both locals and visitors to the village. Although the business is trading with good profit at present we believe that income could be increased with a little marketing as very little is currently done.

Situation
Oldmeldrum is a village and parish in the Formartine area of Aberdeenshire, not far from Inverurie in North East Scotland. With a growing population of over 2000, Oldmeldrum falls within Scotland's top 300 centres of population. The A947 road from Aberdeen to Banff runs through the centre of the village. Oldmeldrum has a primary school and a secondary school, the Meldrum Academy, which also includes the local library. Local industries are agriculture and engineering services connected to the oil industry in Aberdeen.

Building Internal
The business premises occupy an impressive traditional detached property of brick construction dating back to 1673. The property, which has 3 levels has been well maintained and presented throughout meaning no further work is required before new owners could commence immediate trading. The main entrance to the property leads into a reception hallway with all areas on the ground floor coming off of the hallway. The bar area is traditionally furnished with wooden tables and chairs. The restaurants provides covers for up to 60 in the current configuration and allows business to easily cater for private parties and group bookings. The premises have a fully equipped commercial kitchen which is fitted with all necessary equipment to operate a business of this nature including a freezer section. Additional business areas include a conference room on the first floor with large mangers office and bathroom facilities.

Accommodation
Morris's is located above the business premises on the third floor and is accessed from the main stairway in the reception hallway. The accommodation comprises of 2 twin bedrooms which are very popular with workers. The business trade with high occupancy levels which with minimal marketing in place is a true testament to the current owners.

Building External
A large car park occupies an area to the front of the business premises and there is a spacious paved patio area to the side.

Services
The property has mains water, LPG gas, drainage and electricity.

License
The business trades with the benefit of a full license.

Accounts
Turnover figures are available after a formal viewing has taken place.

Summary
The sale of Morris's Hotel provides an excellent lifestyle opportunity to acquire a popular, well reputed business which is trading with fantastic return.

Price
Offers over £549,995 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Tenure
Freehold opportunity.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 3140660.


Nearest station

  • Inverurie (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Inverurie (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 43721. 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 ALTIUS GROUP LIMITED, Bruce & Co. 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.

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