29 bedroom guest house for sale

11 Merchant Street, Peterhead, AB42

£1,200,000

Property Description

Key features

  • Prime Location
  • Excellent Condition
  • 8 Guest Houses
  • 30 Letting Bedrooms
  • Sleeps 55
  • High profit margins
  • Outstanding lifestyle opportunity
  • Freehold
  • Offers Over 1,200,000
  • Circa 30% ROI

Full description

Tenure: Freehold

A wonderful opportunity has arisen to purchase a thriving guest house with a great reputation in the heart of Peterhead. Currently trading as a self catering guest house in the form of 8 separate dwellings with 30 multi-occupancy letting rooms between them, this business offers short and long term letting accommodation for the high numbers of professional personnel working in the area.
The business generates an excellent rental return in a locality that has witnessed a constantly high demand for such accommodation. The area benefits from year round trade and boasts potential to expand the business and take advantage of the demand for its services in the area.


Trading Figures 
Full trading information will be provided after formal viewing has taken place.

Summary 
Prospective purchasers would gain a stable business in an affluent location that supports a similar sustainable trading performance year or year with adequate demand for its services. Viewing is highly recommended to truly appreciate its size and exceptional value that it offers.

Price 
The property is held on the Scottish equivalent of Freehold. Offers in excess of £1,200,000 are sought for the heritable property, fixtures, fittings and goodwill of the hotel.

Inventory 
An inventory will be compiled to detail all items of a personal nature excluded from the sale. There are no items subject to lease.

More information from this agent

Nearest station

  • Dyce (25.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

CCL Property, Elgin

Park House, South Street, Elgin, IV30 1JB

01343 206024 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.

Floorplans

Externally hosted floorplan


To view this property or request more details, contact:

CCL Property, Elgin

Park House, South Street, Elgin, IV30 1JB

01343 206024 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

  • Dyce (25.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

CCL Property, Elgin

Park House, South Street, Elgin, IV30 1JB

01343 206024 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 11893151. 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 CCL Property, Elgin. 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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