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The Redgarth, Kirk Brae, Oldmeldrum, Inverurie, Scotland, AB51 0DJ

Fixed Price
£825,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Hotel for sale

Key features

  • 6 Ensuite Letting Rooms
  • Opportunity to extend Letting Rooms
  • Restaurant & Bar
  • Dining Room, Private Garden & Car Park
  • Strong Financial Performance
  • EV Charger, EPC Rating G
  • Christie & Co Ref: 5265434

Description

Description

An excellent opportunity to acquire a historic well performing business in the in the Scottish Highlands with a long trading history.

Our clients have owned the business for 34 years and are now reluctantly selling due to retirement. The Redgarth would be well suited to an owner operator, family business or could compliment an existing portfolio due its high level of turnover.

Location

Oldmeldrum (commonly known as Meldrum) is a village and parish in the Formartine area of Aberdeenshire, not far from Inverurie in North East Scotland. With an expanding population of 3120, Oldmeldrum falls within Scotland's top 300 centres of population. Oldmeldrum is home to one of the oldest whisky distilleries in Scotland, Glen Garioch, which was built in 1797. Local industries are agriculture and engineering services connected to the oil industry in Aberdeen.

To the north of the village is Meldrum House, a mansion and castle built in the 17th Century, and which is now a hotel and golf course. Oldmeldrum Town Hall was completed in 1877.

To the east of the village is the Oldmeldrum Golf Club. Founded in 1885, its 14th fairway contains a rock where John Comyn, Earl of Buchan is said to have lain and lamented his loss to Robert the Bruce at the Battle of Barra. Also to the east of Oldmeldrum is the ruined Tolquhon Castle which is noted for its highly ornamented gatehouse. The castle was built between 1584 and 1589 and is now maintained by Historic Scotland; the castle is open to the public during the summer months.

The town of Oldmeldrum commands wonderful views over the Eastern Grampians, including the Bennachie range of hills. It is surrounded by castles, stone circles and golf courses and being centred on the North-East 250 tourist trail is very popular with visitors.

Just outside Oldmeldrum, there is a wide range of activities from archery, to water zorbing, to 4x4 blindfold driving. The on-site Lochter Fishery is host to three lochs – Muckle, Trout, Osprey and Heron, and together there is approximately 20 acres of fishing.

With so many transport options, Aberdeen and Aberdeenshire have never been easier to get to. Aberdeen can be reached by road, rail, sea or air and when you get here Aberdeenshire is easily accessible by public transport, taxi or car. As the gateway to the Highlands, and only a 2.5 hours’ drive to Edinburgh or Glasgow, Aberdeen and Aberdeenshire are the perfect point to start visitors Scottish journey.

Internal Details

The bar and restaurant is situated at ground level and can accommodate for around c.60 via a mixture of moveable tables and chairs, as well as fixed seating. A modern dining room with moveable tables and chairs can accommodate c.40 guests and is used for breakfasts and private events.

Located at ground floor to the rear of the building is a fully fitted commercial kitchen, boiler room, cellar and office. Male and female toilets are also situated on this level within the main bar/restaurant area.

A private internal staircase gives access to the accommodation located on the first floor.

Fixtures & Fittings

All fixtures and fittings will be included in the sale. Any personal belongings owned by the current owners will be removed before the sale.

Letting Accommodation

The letting accommodation is located on the first floor and accessible for guests via a separate entrance.

Beech Room - Deluxe Double Room

Cherry Room - Traditional Twin Room or Super King

Yew Room - Executive Double Room

Hawthorn Room - Double Room with Sitting Area.

Oak Room - Deluxe Double Room

Ash -Deluxe Double Room with Balcony.

All rooms are ensuite and finished to a very high standard, with each room having its own unique elements and tastefully designed with no expense spared.

External Details

Beautifully landscaped gardens house a snug heated smoking area than can be used all year round seating c.10 people, accompanied by a selection of picnic tables for c.24 people.

A large carpark to the front ha the capacity of c.30 cars.

2 x 22 kw electric chargers installed in rear carpark for use by patrons.

There is sufficient area to rear of premises for further development.

The Opportunity

An excellent opportunity to acquire a well performing business situated in the picturesque town of Oldmeldrum, Inverurie. The business has built a great reputation welcoming both locals and tourists. Our clients have owned the business for 34 years and are now reluctantly selling due to retirement. The Redgarth would be well suited to an owner operator, family business or could compliment an existing portfolio due its high level of turnover.

The business currently trades as a restaurant and bar, with six letting rooms each with their own unique look. The bar pours local beer, cask ales and drams from the local distillery, and the restaurant offering dishes ranging from seasonal Scottish specials to fish and chips. All are prepared by a team of well-established skilled chefs.

The Redgarth boasts exceptional reviews across online platforms such as Google, TripAdvisor, Booking.com and Facebook.

Staff

All employees will transfer with the sale under TUPE.

Trading Information

Full Trading Profit & Loss Accounts will be provided to seriously interested parties after a formal viewing.

Business Rates

The Rateable Value is £25,500 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the local Authority.

Regulatory

Premises License

Energy Performance Certificates

EPC 1

Brochures

The Redgarth, Kirk Brae, Oldmeldrum, Inverurie, Scotland, AB51 0DJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Inverurie Station4.1 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5265434-fh. 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 Christie & Co, Pubs & Restaurants. 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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