Well presented cosy public bar (30). Large lounge Bar (80) with separate entrance. Underutilised restaurant (100) with huge potential. 9 ensuite letting bedrooms. 3-bedroom owners/managers flat. Impressive turnover levels. Great outside beer garden space. Same owners for the last 20 years. Retirement sale. Rateable value £36,250.
Freehold Guide price £575,000.
The Aberdeenshire town of Banchory is situated on A93, 19 miles southwest of Aberdeen. Aberdeen is the third most populous city in Scotland with a population of just under 200,000. Aberdeen and the greater Aberdeenshire area is still referred to as the “Oil Capital of Europe” with a significant number of global oil companies based in and around the city.
Banchory is a pleasant Aberdeenshire town with a population of 4000. The town is commonly referred to as the gateway to Royal Deeside. The Royal Family’s summer retreat is located at Balmoral (30 miles) and the picturesque Deeside town of Ballater is 24 miles west of Banchory. After the Queens passing there are plans to establish a museum at Balmoral. This will be sure to swell the tourist number to the area. There is also Royal Deeside Railway located close by, thus providing a great tourist base for exploring the Castle and Whisky trails a little further afield.
The Stag Hotel enjoys a prominent trading location in the midst of Banchory high street, offering an ideal location to serve the local community and capture passing trade. The town also offers primary and secondary schooling.
The hotel is a deceptively sizeable property over ground, first and second floors, with a two-storey extension at the rear. The Bar can be accessed from the front of the property leading in to a warm and cosy bar area with real fire. This area can seat 30 comfortably. The bar then leads through to a large open plan lounge bar/sport bar. This bar also has its own separate entrance from a well presented beer garden, which is all weather with an awning as well as an outdoor TV. The Lounge bar has its own bar counter that works on a side to side basis with the neighbouring bar. The area also has a stage area, which is ideal for entertainment as well as large screen televisions, pool table, jukebox and gaming machine. The Lounge bar is used for a wide variety of functions and entertainment. Across the courtyard, there is a large restaurant with bar that can seat 100 covers. There is significant potential for new owners to reinstate a quality food offering in this sizeable restaurant.
There are a total of 9 letting bedrooms within the hotel, all are either twin or double and furnished to a modern standard with full ensuite facilities. The property also has a 3 bedroom owners flat which could be used by new owners or for potential staff accommodation.
The business performs very well and has returned to pre-Covid trading numbers very quickly. The business is mainly from bar and accommodation sales. There is significant potential for new owners to reinstate a quality food offering in the sizeable restaurant. This is an obvious area of growth for new owners to take the business forward.