Restaurant for sale

The Square - AB37

£259,995

Property Description

Commercial information

  • Business for sale

Key features

  • 2 flats, 2 bed and 4 bed
  • Considerable expansion opportunity
  • Licenced Destination Restaurant
  • Lifestyle business. Retirement sale.Freehold

Full description

Tenure: Freehold

Description
The Clockhouse Restaurant is an extremely well run business that has been run by the current proprietors for nine years. The property and business have been placed on the market due to the current proprietor’s impending wish to retire. The business currently trades from April through till October and its quality is reflected in the number of awards it currently holds such as being rated number 1 in the area achieving 4.5 stars from Trip Advisor.
The business also further benefits from having 2 flats included in the sale. The current vendor lets out both flats, however they give the option of excellent owner accommodation and a holiday let property.

The Clockhouse currently trades from April to October, trading from 1100-2100 seven days per week.

The restaurant has been completely refurbished by the current vendor and is now offered in true walk in condition. The entrance is from the corner of the property, which give access to the dining room and lounge area. The lounge is located to the right on entering and benefits from its own bar area, and is comfortably furnished with leather couches and wooden coffee table. The main dining room is located to the left on entering and offers dining for 43 covers. The restaurant has been tastefully decorated and is well furnished with wooden tables and chairs.


Situation
Tomintoul lies in the Moray area in the Cairngorms National Park. The village is just 30 minutes form Aviemore and 45 minutes from Inverness. The village also benefits from being on the Scottish Whiskey Trail.
The Clock House occupies and prominent corner position on the village square with ample on street parking surrounding the property.

Building internal
The Property consists of a large ground floor restaurant, large basement, a four bedroom flat and a two bedroom flat. The property has been well maintained by the current vendor and is offered in excellent condition. The main restaurant entrance is located on the corner of the property, with the flats enjoying their own entrance to the side on the main street. The restaurant also further benefits from having outside seating on the square.

Service Areas
As expected with a property the style and size of The Clockhouse there are ample service areas, including a large commercial kitchen, dishwash area, double garage, walk in chill and walk in freezer. The property also further benefits from a large basement.
The properties have mains electric, drainage and oil central heating. The heating system is shared between all properties, and any rental achieved includes heating.


Letting Accommodation
There are 2 letting properties included within the sale. The first flat comprises of two double bedrooms, family bathroom, kitchen and lounge. This property is currently rented out by the vendor and achieves a rental of £450 PCM.

The second property is of a larger style and offers four large double bedrooms, large lounge, 2 bathrooms, kitchen, and is again let out achieving £525 PCM.

Both flats are neutrally decorated and are presented in good order.

The flats further benefit from having their own entrance off the main street


Building External
The property occupies an enviable corner location with ample on street parking.
Services
The property has mains water, drainage and electricity. In addition there is Oil fired central heating.
Tenure
The property is held on the Scottish equivalent of Freehold.
Licence
The business trades with the benefit of a full Licence, and conforms to all fire regulations.

Accounts
Accounts are available on request after a formal viewing has taken place.

Summary
The sale of the Clockhouse offers a rare opportunity to purchase a high quality, beautifully presented Moray property which is trading well but with potential for expansion of the business. It benefits from its highly desirable location, having two rental properties and being on the Scottish Whiskey Trail.

Price
Offers in the Region of £259,995 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.
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.
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.

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

  • Carrbridge (17.0 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

  • Carrbridge (17.0 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.

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