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Station Hotel Portsoy, 18-22 Seafield Street, Portsoy, AB45 2QT

Guide Price
£410,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • Popular Bar, Restaurant & Function Room
  • 15 Letting Bedrooms
  • Large Function Room with own bar and access
  • Outside Yard and buildings with potential
  • Retirement Sale - same ownership for 20 years
  • EPC Rating G
  • Christie & Co Ref: 5245035

Description

Description

The original stone part of the hotel dates back to 1859 but the property has been extended and is now a substantial multi-faceted hospitality business.

In addition there is a large outside yard area with various outbuildings currently used for storage but with further potential.

Location

The popular Aberdeenshire town of Portsoy is located on the A98 between Cullen and Banff on the Moray Coast, with Aberdeen approximately 50 miles to the south east and Inverness 65 miles to the west.

The town swells with tourists and day trippers during the summer months. The 17th Century harbour attracts many visitors as does the annual boat and the folk music festivals. Portsoy has had adverts and films made here, including some of the last season of Peaky Blinders in 2021 and harbour shots in the remake of Whisky Galore in 2016. The area is famous for whisky distilleries, golf courses, wildlife and walking and the cycle route.

The hotel is seen as the centre pin of the local community being located on the main street running through Portsoy. It is well placed for passing trade.

Internal Details

Hotel lounge and restaurant incorporating a reception area
Public Bar
Games Room with additional seating
Function Suite (cap. 125) - with separate bar and toilets

The public bar, restaurant and function room each have separate customer entrances.

Letting Accommodation

The letting accommodation has 13 letting bedrooms and one two bed family suite.

Owner's Accommodation

Previously the owners occupied the family suite as owners accommodation but it is now used as letting accommodation.

The Opportunity

The owners wish to retire after 20 years and have run the hotel smoothly and successfully but feel there is significant growth potential in the business for a younger more energetic owner.

Staff

Staff would transfer under TUPE regulations in the normal way.

Trading Information

Turnover for the 12 months to end of September 2023 estimated in excess of £600,000.

Turnover for year ending March 2024, likely to be c.£600,000 with healthy gross and net profits.

Full Trading Profit & Loss Accounts will be provided to suitably qualified parties at the time of organising a formal viewing.

Development Potential

The large yard and various outbuildings are currently used for storage but could be developed into additional accommodation or other commercial uses subject to the necessary consents.

Business Rates

The Rateable Value as of 1 April 2023 is £33,000. Confirmation of actual business rates payable should be obtained from the local Authority.

Energy Performance Certificates

EPC 1

Brochures

Station Hotel Portsoy, 18-22 Seafield Street, Portsoy, AB45 2QT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Keith Station13.4 miles

About Christie & Co, Hotels

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

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Disclaimer - Property reference 5245035-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, Hotels. 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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