Hotel for sale

12-14 Cross - DD8

£645,000

Property Description

Commercial information

  • Business for sale

Key features

  • 9 en-suite letting rooms
  • Enviable location within the town
  • Excellent owners accommodation
  • Superb business

Full description

Tenure: Freehold

Description
The Queens Hotel is a former Coaching Inn that dates back to the early 1820s. The business has been owned by the current vendors since 2002, and has under gone extensive refurbishment in the lounge bar area. The business has been operated with a full management team since 2002, and now offers an excellent investment opportunity or as a family ran business. The property has been placed on the market due to the current proprietor’s impending wish to retire from the tourist trade. The business trades throughout the year and its quality is reflected in the number of awards it currently holds such as achieving 4 out 5 on Trip Advisor. Additional marketing is carried out through its own informative website www.thequeenshotelforfar.co.uk.

The Queens Hotel offers excellent accommodation for both guests and owners.


Situation
Forfar is the county town of Angus, Scotland and the administrative centre for Angus Council. Its population is 14,048. The town is located just off the main A90 Perth to Aberdeen road. The town is well situated being, 40 minutes from Aberdeen, 20 minutes from Dundee and well located for many tourist attractions, such as, Glamis castle 10 min, Guthrie castle 10 mins.

The Queens Hotel occupies a commanding corner position in the centre of the town.


Building Internal
The Queens Hotel is a traditionally built end terraced property set over three floors which dates to 1822. The main entrance is from the front which leads into a spacious bar lounge area. The lounge bar has undergone an extensive refurbishment and is now presented in excellent order. To the right on entry you will find the ‘bar area’. This area is well furnished with a mix of high and low wooden tables and chairs together with upholstered bench seating. The area can seat approximately 16 persons and further benefits from a wooden floor and several bar stools. The bar itself is of traditional construction in a U- shape design, with a granite bar surface and well presented gantry to the rear.

To the left on entry from the front, you will find the ‘restaurant area’ of the bar lounge. This area is again well presented with wooden tables and chairs, together with upholstered bench seating. The restaurant area benefits from a log burner fireplace complete with couches and low table. The restaurant area also gives access to the function suite, located at the top of the room.

The function suite can be accessed via two sets of concertina doors off the bar lounge, or from a separate external entrance off the side of the property. The function suite is well presented with carpet flooring together with a wooden central dance floor. The room also benefits from its own bar and stage. The function suite is furnished with wooden tables and chairs, accommodating 90-100 persons.

The function suite also gives the opportunity to expand the restaurant seating, by opening the concertina doors, or provides an excellent space for private functions and parties.

Below the bar lounge, you will find a spacious cellar and storage area. The cellar is accessed from a door and stairway behind the bar.

On the first floor you will find the hotel reception desk and office, together with the hotel breakfast dining room. The dining room is well presented with laminate flooring and mo

Letting Accommodation
There are 9 letting bedrooms, all which have en-suite facilities. The rooms are set over the first and second floor, with the exception of room 9, which has an external access door from the rear of the property. The rooms comprise of 3 singles, 2 doubles, 2 twins, 1 triple and 1 family room. All the rooms are well presented and furnished. All rooms have hospitality trays and TVs.


Residential Accommodation
The owner’s accommodation is a self-contained three bedroom flat, located off the hallway on the first floor of the property. The flat comprises three bedrooms, living room, bathroom and kitchen. The flat is not currently in use, and we have been advised that a new bathroom and kitchen will be fitted by the vendor prior to sale.


Service Areas
As expected with a property the style and size of the Queens Hotel, there are ample service areas, including; a fully fitted commercial kitchen, still room, dish wash area, laundry, spirit store, office and cellar. The property also has excellent housekeeping storage on the upper floors.


Building External
The property sits well on the Cross in the centre of the town. There is ample on street parking.

Summary
The sale of The Queens Hotel offers a rare opportunity to purchase a high quality, beautifully presented property and business, which is trading well but with potential for expansion of the business.

Services
We are advised the property has all mains services.

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


Licence
The business trades with the benefit of a full Hotel Licence, and conforms to all fire regulations.

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

Price
OIRO £645,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

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


Nearest station

  • Monifieth (11.7 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

  • Monifieth (11.7 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 45040. 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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