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Closed Hotel Bar Function Hall North East Scotland In Cuminestown For Sale

Cuminestown, Aberdeenshire, UK
Asking Price:
£200,000
Turnover:
Not applicable
Net Profit:
Not applicable

Commercial Hotel, Cuminestown, Turriff, AB53 5WJ

After having been in the family for over 13 years, retirement has forced the sale of the Commercial Hotel in Cuminestown.

Only public house and accommodation in the village, popular with various clubs both local and from further afield.

5 letting rooms with space for development of a further 3-5 if desired.
24+ cover dining room
Public bar
Separate lounge bar
250+ capacity function hall
Fully fitted Kitchen
Genuine retirement sale.

Huge potential for new owner- operator, the North-East of the country has a lack of quality B&B accommodation available.

Development & alternative use potential as it occupies a large footprint.

Get in touch for full details and/or to arrange a viewing.

Property Information

Property:

Freehold

Living Accommodation:

In need of renovation. Living room, double bedroom and bathroom.

Location:

Cuminestown is a village in the Formartine area of Aberdeenshire, Scotland, and sits at the centre of the parish of Monquhitter. It is approximately 6 miles from Turriff and New Deer, 10 miles from Macduff and Banff and 15 miles from Fraserburgh.
It is only 30 minutes to Fraserburgh, 35 minutes to Peterhead and 45 minutes from Aberdeen Airport. As a result there is always demand for contractors and offshore workers’ accommodation where food and drink can be provided.

Premises Details:

Existing two-storey Hotel of 1960s architecture with function hall addition. Approx 1 acre.

Business Operation

Expansion Potential:

Huge development potential. Previously run and booked via telephone and word of mouth with very little to no online presence. Modernisation and addition of 5 en-suite rooms would see the business re-establish in the local area.

Also re-development potential due to large plot it occupies.

Competition / Market:

Only public bar, B&B and substantial function premises in the village and nearby.

Reasons for selling:

Retirement

Trading hours:

Closed

Employees:
0
Years established:
50

Other Information

Related Documents:
Business closed / Asset sale:
Yes