Hotel for sale

Main Street - AB54

£174,995

Property Description

Commercial information

  • Business for sale

Key features

  • A WELL PERFORMING COUNTRY PUBLIC HOUSE
  • Function Suite - Circa 150 Covers
  • Currently Unused Commercial Kitchen
  • Car Park

Full description

Tenure: Freehold

Situation
The Lumsden Arms Hotel occupies a prominent position in the centre of the village on the main road. The business enjoys a monopoly trading position with no local competition. The hotel is also popular with people from the surrounding villages. Lumsden is popular with tourists and walkers and is known for its hunting and shooting of deer and grouse. There is also a trout fishery nearby. The village lies on the A97 and is approximately 36 miles north west of Aberdeen and 10 miles from Huntly.

Description
The Lumsden Arms Hotel has been owned by the current owners for over 5 years and they are now selling due to a change in personal circumstances. It is a delightful country hotel which represents a great opportunity for someone to purchase and significantly increase turnover by letting the rooms and reintroducing food sales. This is an amazing opportunity for prospective buyers to purchase a substantial property with great potential in the heart of the rolling countryside of Aberdeenshire. In addition, this is the only pub and hotel in the village and for a 10 mile radius.


Building Internal
A large, imposing stone built building, the Lumsden Arms Hotel provides excellent accommodation over 2 floors. The ground floor is predominately given to public areas with the second floor used for the letting rooms. There is potential to convert the large attic space into comfortable owners accommodation. The current owners have redecorated throughout and refurbished the bathrooms.

Public Areas
Guests enter from the front of the hotel. Located to the left of the entrance is the main dining room. This is currently not being used as the owners do not serve food at the moment. It has sufficient room for 30 covers. To the right is the lounge bar which is spacious, well decorated and very comfortable. Very much at the heart of the village is the public bar which can be accessed either via the lounge or from its own separate entrance that leads from the decked beer garden and Main Street. The bar is well equipped and has a number of gaming machines and pool table. There is a jukebox and wall mounted flat screen TV. The bar has the benefit of being the only licensed premises within a 10 mile radius. It is very popular with the local residents and offers a great opportunity for new owners to develop new income streams from food accommodation sales.

Service Areas
The business currently has an unused, well equipped large commercial kitchen. Given the business’ location there would be great scope for the new owner to introduce a food offering to both locals and passing trade. This has the potential to add to business sales. Other service areas include a cellar and good storage. Ladies and gents toilets are well appointed off the public areas.

Building External
The front of the hotel looks out onto the village green and the centre of the village. There is ample parking and a large decked area leading from the public bar which is very popular in summer months.

Accommodation
On the first floor there are 5 bedrooms, 2 single rooms and 3 double rooms (1 is currently used as a family room.) There is also an owners living room that could also be converted into a letting room. There is a new communal bathroom that has been finished to a very high standard. Leading off the main hallway are stairs to the attic that could be converted into 2 substantial rooms that would be suitable for owners accommodation. The current owners did originally let the rooms out and there is still demand for hotel accommodation in Lumsden. This side of the business could be resurrected quite easily.

Tenure
The property is held on the Scottish equivalent of Freehold.

Accounts
A full trading profit and loss account will be made available after a formal viewing has taken place.

Summary
The sale of the Lumsden Arms Hotel offers a rare opportunity to purchase a high quality, well presented Aberdeenshire rural hotel, which is trading extremely successfully but with potential for further expansion. It benefits highly from its location within the centre of the village and would be an ideal purchase for a first time buyer of a lifestyle business.


Nearest station

  • Insch (10.2 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

  • Insch (10.2 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 38131. 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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