Hotel for sale

High Street - DD9

£974,950

Property Description

Commercial information

  • Business for sale

Key features

  • 3 Stars from VisitScotland
  • Popular Wedding Venue
  • 16 En-Suite Rooms
  • FREEHOLD

Full description

Tenure: Freehold

Description
The Panmure Arms Hotel is situated in the heart of the village of Edzell. Located on the High Street, the hotel is the focal point of the village.

Located only 40 miles from Aberdeen and Dundee and only 10 miles from Montrose, The Panmure Arms offers a well situated base for those visiting the north east of Scotland.

Edzell is a village in Angus, Scotland. It is located 5 miles (8 km) north of Brechin by the River North Esk. Edzell is a Georgian-era planned town with a broad main street and a grid system of side streets.


The business
The Panmure Arms Hotel is a busy business that has been run by the current proprietor since 1998. The hotel has been placed on the market due to the current proprietor’s wish to retire from the licensed trade. The hotel trades throughout the year from a good mix of accommodation, food and wet sales. The quality of the hotel is reflected in the number of awards it currently holds such as 3 stars from VisitScotland.

Additional marketing is carried out through its own informative website www.panmurearmshotel.co.uk. It enjoys much repeat custom, particularly due to its location. Many of the visitors include golfers, tourists, hunting parties and ‘special occasion’ visitors throughout the year. Although the hotel is trading successfully, it still has potential to grow income further.


Building internal
The Panmure Arms Hotel is a traditional style built hotel that is situated in the centre of Edzell. Internally, the hotel has over recent years been refurbished to a modern standard that exceeds its current rating and is offered in walk in condition. The property also benefits from a recently added conservatory restaurant/function suite that can sit up to 50 persons. The main entry is from the high street that leads into a reception hallway which in turn gives access to all accommodation and public areas.

Building External
The Panmure Arms Hotel benefits from its High Street location. The front of the hotel is straight to street with an integrated canopy area featuring picnic style seating. There is ample on street parking on the High Street and a customer car park to the rear.

Service areas
As expected with a hotel the style and size of The Panmure Arms, there are extensive service areas including a well equipped commercial kitchen with dish wash area. Other service areas include cellar and boiler room.

Ladies and gents toilets are well appointed off the public areas.


Public areas
Situated straight ahead of the entrace vestibule is the main hotel reception decorated to a modern standard. To the left of the entrance you will find the snug private dining room, which can seat up to 10 persons. To the right of the entrance, you will find the Lindsay Suite, catering for up to 180 people. Located to the right and behind the reception, you will find the bar and lounge. Refurbished to a modern standard, this area offers a split bar and lounge area furnished with a mix of sofas and wooden tables and chairs along with bar stools round the bar. The room can sit around 60 covers.

Ladies and gents facilities are well located off the reception area.

Letting accomodation
There are 16 letting bedrooms, all of which have en-suite facilities. All rooms are of a modern standard and can be used as double/twins or family rooms. All include LCD televisions, tea/coffee making facilities and Wifi. Room tariffs start from £60 pp/pn B&B.

Accounts
Accounts for the year end July 2011, show a turnover in excess of £650,000 with a gross profit of £450,000 (69% GP). Full trading information will be made available after a formal viewing has taken place.

Summary
The sale of The Panmure Arms Hotel offers a rare opportunity to purchase a well established hotel, which is trading successfully but with potential for expansion of the business. It benefits from its location and reputation for good accommodation, functions, high teas and entertainment.

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


Nearest station

  • Laurencekirk (7.4 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

  • Laurencekirk (7.4 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 40054. 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.

Map data OpenStreetMap contributors.