Pub for sale

8 Loch Street - AB45

£179,995

Property Description

Commercial information

  • Business for sale

Key features

  • Situated In The Village of Whitehills
  • 34 Cover Restaurant
  • 3 Bed Owners Accommodation Available Separately
  • FREEHOLD

Full description

Tenure: Freehold

Situation
The traditional fishing village of Whitehills lies some 2 miles west of Banff and 4 miles east of Portsoy. Whitehills offers road links to Peterhead, Fraserburgh, Aberdeen and Inverness. Surrounding a rocky bay immediately to the west of Knock Head, Whitehalls enjoys a relatively sheltered spot on this sometimes wild and unforgiving north Aberdeenshire coast. As a result, a fishing village was well established here by the 1700s and in the 80’s a marina was built which houses about 60 luxury yachts. This was served by a track from Banff and Inverboyndie, which at the time was home to a series of mills dotted along the line of the Burn of Boyndie.

There is currently plans in place to extend the area around Whitehills with the addition of a new private housing development.

Description
The Cutty Bar & Restaurant has been run by the current proprietor’s since 2006. The business has been placed on the market due to the current proprietor’s ill health, and the price has now been reduced to entice a quick sale. The Cutty Bar has been trading well, unfortunately the Restaurant was closed at the beginning of 2012 due to ill health. After taking over the business, our clients built up a stong customer base due to their reputation within the local area and internationally with the tourists.

The potential for this business is due to its size, location and popularity with the locals. Additionally, the village has a marina which attracts hundreds of boats to the village each year not to mention the vast amount of tourists that visit yearly. There is further potential to expand the business by re-opening the kitchen and possibly adding a takeaway/home delivery option. Additionally, the restaurant only traded in the evenings, allowing the new proprietor’s to extend the restaurant’s trading hours creating potential to increase sales of the business. There is also the ability to attract tour coaches due to the size of the car park.

The building and car park have the capability for re-development into another form of retail environment with a wide scope of population from Fraserburgh to Elgin down to Aberdeen as the catchment area. The North East of Scotland would benefit from a new lease of life and Whitehills could be the ideal setting. The village and surrounding area is very affluent and there are a few other businesses that have now been benefiting from this in the recent few years.

Due to the size of the plot of the business and car park - there would also be the possibility of re-developing the land into residential properties. Planning permission would be required.


Building Internal
The Cutty Bar and Restaurant was built circa 1960 and is flat roofed, consisting of 2 floors has been completely refurbished to a modern standard. It has a main entrance and side entrance/exit.
Optional - The property also has a large 3 bed owners’ accommodation attached to the side of the property which is available at a separate price of £139,995.

Public Areas
Entry through the main door affords access to all public areas. The public bar which is presented to a modern standard benefits from having a juke box, pool table, ladies and gents toilets are situated just off the main floor with disabled toilets located as soon as you come through the main door. The second floor is used as the restaurant and can comfortably seat around 34 covers. The designated smoking shelter is to the front of the property.

Service Areas
As expected with a business, the style and size of The Cutty Bar & Restaurant, there are extensive service areas including a well equipped commercial kitchen, dish wash area and freezer room.

Ladies and gents toilets are well appointed off the public areas. There is an additional storage container to the side of the building which is included in sale.


Residential Accommodation
The owners’ accommodation is available separately at a price of £139,995 and comprises of a lounge/dining room, galley kitchen and utility room, bathroom and 3 double bedrooms, one of which is currently being used as an office. The master bedroom benefits from having fitted wardrobes. The roof is part slate part flat roof. The flat roof was completely replaced with a rubber flat roof and new guttering in October 2013 and there has been a new gas boiler installed May 2015.

Building External
To the front of the property is a car park for approximately 30 cars - 1 of which is owned by the house. The owners’ accommodation has its own private garden.

Summary
The sale of The Cutty Bar & Restaurant offers an opportunity to purchase a established village business which has potential for expansion of the property and business, or as mentioned re-development. It benefits from its location and local trade.

Price
Offers over £179,995 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Services
We have been advised that all mains services are connected.

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

INVENTORY
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer


Nearest station

  • Keith (16.5 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

  • Keith (16.5 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 40169. 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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