39 bedroom hotel for sale

Langstane Place, Aberdeen, Aberdeenshire, AB11

Offers in Region of £1,400,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: C1 Hotels

Full description

The Bauhaus Hotel is located in Langstane Place, parallel with Aberdeen's Union Street - the city's main retail thoroughfare - and has a great city position. The location offers a plethora of restaurants and bars, live music and entertainment venues as well as access to major retail shopping located in nearby Union Square, Trinity Shopping and Bon Accords Centres, the railway and bus stations are a little over 5 minutes walk away, whilst Aberdeen International Airport is reachable by taxi in around 20 minutes.

The current economic problems of the North East, with the fall off of oil prices are well documented but the future for the City of Aberdeen is positive with increased diversification into tourism and leisure and continued development of North Sea oil, all favorable to the hotel industry. The city has laid out strategic future plans, with 4.8 billion of inward investment for redevelopment and improvements across the city. Notable examples of future improvements include the new Western Peripheral Route completing in 2017, refurbished Aberdeen Art Gallery,
upgraded Music Hall, the new Aberdeen Exhibition and Conference Centre which will bring in fresh visitors to the city.

The future of Aberdeen is set to be a diversified economy with leisure, tourism, academia and oil being at the forefront of its prosperity, as a result the hotel industry is expected to benefit from these new opportunities as the city becomes less reliant on the oil industry.

The Bauhaus Hotel is in part new build (the "freehold" part) and, in part, conversion from an existing adjoining property (the leasehold portion) and what has been created is an interesting boutique style, modern, budget hotel - stylish accommodation with a sharpness of design
and clever utilisation of space. The availability of the Bauhaus Hotel offers new owners a wonderful opportunity to take on a quality budget city centre hotel at a time when business will be developed in an upward direction to create a profitable return.

THE PROPERTY

As stated the Bauhaus Hotel is part new build and part converted and has its principal accommodation over 6 main levels as follows.

PUBLIC AREAS

The main entrance, from the street, leads into the Entrance Reception and Lobby Lounge where there is the reception counter with Office behind. On the first floor, either accessed internally from a hotel link at second floor level, or with a direct access from the street is the hotel's
Restaurant which has an open kitchen servery area. Towards the rear of the restaurant is the hotel's Lounge Bar. On the third floor there is a Conference/Meeting Room with kitchen facility alongside.

LETTING BEDROOMS

39 Letting Bedrooms to sleep 78 (all rooms are double/twin). All rooms have ensuite shower room facilities. The bedrooms are stylishly decorated and furnished in a modern style. The rooms are all equipped with Smart TV, direct dial telephone, Nespresso coffee maker and heating by electric.

SERVICE AREAS

The kitchen to the restaurant is an open servery kitchen at first floor level and there is a dispense kitchen to the meeting room. Hotel office behind main reception at ground floor.

SERVICES

City of Aberdeen Council (01224 522000). Mains electricity, gas water and drainage. Heating is from electric. Air conditioning is fitted. WiFi throughout. Lift access to all levels.

LICENCES

Premises licence

WEBSITE

www.thebauhaus.co.uk

TRADE

The Bauhaus Hotel is an established business in Aberdeen's City Centre that is popular with visitors and business travellers alike. Trading accounts will be made available to genuinely interested purchasers, after signing a Confidentiality Agreement, and preferably after viewing
the property.

TENURE

The Bauhaus Hotel is part "freehold" and part "leasehold". The five storey new build is freehold (heritable feuhold/outright ownership). The adjoining building is leasehold with the lease expiring in October 2039 with the current rent passing of 77,016 per annum. Rent reviews are every five years at pre agreed rental increases with the next rent review in 2019. The leasehold portion
accommodates 14 bedrooms, the restaurant, the lounge bar and meeting room.

PRICE

Offers around 1,400,000 are invited for the Bauhaus Hotel to include both the whole freehold (heritable feuhold/outright ownership) property and the leasehold property adjoining, complete with goodwill and all trade contents (free of any third party charges but excluding personal items). Stock at valuation.

OFFERS

All offers should be submitted to Colliers International with whom purchasers should register interest if they wish to be informed of closing dates.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW

All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

DIRECTIONS

The Bauhaus Hotel is located parallel to Union Street and is easily accessible.


Nearest stations

  • Aberdeen (0.3 mi)
  • Dyce (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 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 stations

  • Aberdeen (0.3 mi)
  • Dyce (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 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.

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