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Red House Hotel, Station Road, Coupar Angus, United Kingdom, PH13 9AL

£1

Business rates & charges may apply

Christie & Co, Edinburgh
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SECTOR

Hotel for sale

Key features

  • Established hospitality business
  • Central location
  • Wedding and conference venue
  • Golf breaks May-Sept, great local trade
  • Opportunity for further development
  • Energy rating G
  • Christie & Co Ref: 5244903

Description

Description

The Red House Hotel forms partly of the original red sandstone building which has been redeveloped over the years with various extensions of a single and two storey nature. The original property is laid over ground, first and attic floor levels with the adjoining single storey extension having an attractive conservatory added to the front. The extensions having been added in keeping with the style and appearance of the original property.

Location

This hospitality opportunity is located within Coupar Angus which is situated in East Perthshire. Coupar Angus has developed as a tourist resort and is located 26km North East of Perth. The Red House Hotel is positioned to the north east side of Station Road, the A94 at its junction with Forfar Road and the A923, the town centre of Coupar Angus is within a few minutes walk.

Internal Details

The Hotel has been developed to offer a wide range of facilities. on the ground level there is the bar restaurant (124) inclusive of the conservatory, public bar, snooker room, leisure facility, squash court and pool/darts room. The flexible function facility offer a capacity of 160 however can accommodate smaller numbers for either private parties or conferences.

Fixtures & Fittings

The majority of trade fixtures and fitting are free from loan or hire purchase agreement, however an inventory will be provided to interested parties.

Reason For sale

After 36 years within the hospitality sector, two of the partners have decided to retire, As a result and as part of a process, the remaining partners have decided to market the hotel.

Letting Accommodation

The letting accommodation is laid over ground and first floor levels and consist of 20 letting rooms all having en suite facilities. 17 of the rooms have three piece bathroom suites with the other three having shower only. There are 12 family rooms, seven twin rooms and one triple room. The executive rooms come with attractive viewing balconies, whilst free Wi-Fi is available in all bedrooms. each room has a flat screen TV with complimentary Sky Sports coverage.

External Details

The Red House Hotel sits upon a large plot with an enviable trading position within the town. Directly to the front is the large car park which can accommodate up to 90 cars. To the side of the Hotel there is a large vacant plot for future development present the opportunity to expand the letting bedrooms and leisure facility. This area of ground is currently not included within the sale however the vendor is amenable to discuss this with any purchaser that would be interested in acquiring this area.

Owner's Accommodation

Located on the first and attic floor levels of the main property there is the spacious owner's accommodation which consists of three double bedrooms (two en- suite) office, shower room and lounge areas.

The Opportunity

The Red House Hotel trades as a 3 star hotel with Visit Scotland which operates all year round. There is a diverse split of trade with income being derived from accommodation, food, beverage, function/conference trade, and leisure. Food and beverage being the largest proportion. The hotel facilitates weddings, functions, funerals and coach parties and offers weekend golf, fishing and shooting breaks in the surrounding area. Golfing breaks are a huge attraction in the immediate area and the Hotel offers flexible golfing breaks throughout the week for those golfing enthusiasts.

Trading Information

The financial year end for the business is 31st March. The net income for 2018, ytd (41 weeks) is £1,174 422 returning good GP and EBITDA. Certified accounts will be made available to genuinely interested parties after formal viewing.

Trading Hours

The hotel trades all year round.

Development Potential

As previously mentioned, there is a sizeable plot to the side of the hotel which could be developed to extend both the letting and leisure aspects of the business.

Energy Performance Certificates

EPC 1

Brochures

Red House Hotel, Station Road, Coupar Angus, United Kingdom, PH13 9AL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Invergowrie Station10.1 miles

About Christie & Co, Edinburgh

George Street Edinburgh EH2 2PF

Christie & Co, Edinburgh

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 disco

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Notes

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Disclaimer - Property reference 5244903-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, Edinburgh. 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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