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32 bedroom hotel for sale

ABERDEEN NORTHERN HOTEL, GREAT NORTHERN ROAD, ABERDEEN

Offers in Excess of £1,250,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: C1 Hotels

Full description

Tenure: Freehold

INTRODUCTION

The Aberdeen Northern Hotel - or the Northern Hotel as it is often known - was built in 1938 in the Art-Deco style as a purpose built hotel on the site of the previous Victorian built Northern Hotel. A 4 storey property in V-plan with a striking bold curved angle, the Aberdeen Northern Hotel is truly an iconic property in an excellent landmark roadside location. The Art-Deco external design is replicated, in parts, of the internal features in the public rooms, earning this dominant building Grade A Listed Building status from Historic Scotland.

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 favourable 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, 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 Aberdeen Northern Hotel provides a full range of facilities - bar, restaurant and accommodation - to cater to both the local community as well as the range of visitors to Aberdeen. The accommodation has been well maintained, and there is a continuing CapEx programme of re-decoration, refurbishing ongoing. The availability of the Aberdeen Northern Hotel, with the owners decision to retire from the hotel trade, offers a wonderful opportunity to new owners - individuals or for operators - to acquire this special property at a time where there is the potential to "build" upon the existing trading business.

THE PROPERTY

The Aberdeen Northern Hotel is a 4-storey concrete construction with a granite facing, the accommodation comprises briefly as follows.

PUBLIC AREAS

Main entrance from Great Northern Road gives access into the spacious Reception lobby (seating 12) where there is the reception counter, with office behind. To the left is the Ellington's Restaurant & Bar (50); an interesting bar with central bar servery and curved bow window and wall. Towards the rear, accessed from an inner hall or its own separate access from Clifton Road is the Clifton Pubic Bar (40). To the right of the reception is the Astoria Dining Room (40) which is also used as a meeting room.

On the first floor the Mackenzie Room and adjoining Ballroom - combine as the hotel's principal function suite - which is in the impressive Art-Deco (super cinema) style room with flowing curvilinear shape. The function room can cater for up to 200, maximum, incorporated with the adjoining Mackenzie Room. Also on the first floor is the Boardroom (20); a private meeting room.

LETTING BEDROOMS

32 Letting Bedrooms to sleep 61 (7 twin; 18 double; 5 single; 2 family). All rooms have ensuite facilities (13 Bath with shower; 19 Shower only) and are equipped with telephone, TV, hairdryer and tea/coffee facilities. The bedrooms are arranged on second and third floor level of the hotel with lift access.

SERVICE AREAS

Ground Floor: Main commercial kitchen with, alongside, prep areas, dishwash, cold storage, dry storage. Walk in fridge and freezer. Beer cellar, wine store, maintenance store and other stores at basement level. Hotel office at first floor. Housekeepers store/pantry & laundry room at bedroom levels. Separate boiler room.

SERVICES

City of Aberdeen Council (01224 522000). Mains electricity, gas, water and drainage and hot water from gas fired boiler. Customer lift to all floor levels. WiFi throughout. Air conditioning in the Ballroom.

LICENCES

Premises Licence

WEBSITE

www.aberdeennorthernhotel.com

TRADE

The Aberdeen Northern Hotel was, up to February 2017, operated by a tenant who at that time quit the lease. The owner has been operating the Aberdeen Northern Hotel since March 2017. Accounts y/e 28 February 2018 show a turnover of 907,460 (net of VAT) and with 6 months accounts to 31 August 2018 showing turnover of 480,456 (net of VAT), the seller is confident that annual turnover to February 2019 will be c. 1.0m (net). Trading accounts will be made available to genuinely interested purchasers preferably after viewing the property.

PRICE

Offers over 1,250,000 are invited for the freehold (heritable feuhold/outright ownership) property 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.


Energy Performance Certificates (EPCs)

Map & Street View

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