Hotel for sale

Cuminstown AB53

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0141 433 6645

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Hotel

5 bed

0 bath

Property description & features

Status: Available
Type: Commercial
Ownership: Freehold
Occupation: Vacant
AUCTION DATE: 28 November 2024

Former hotel and bar in the village of Cuminestown in North East Scotland. Ideal position of being the only public house and accommodation in the village. Potential development opportunity (STPP). Family-run for 13 years, the hotel is now for sale due to retirement. The hotel is well positioned as the only public house and accommodation in the village, popular with various clubs both local and from further afield. There are 5 letting rooms with space for development of a further 5 with private accommodation on the second floor, or up to 10 with no private accommodation (STPP). 24+ cover dining room public bar, with separate lounge bar and 250+ capacity function hall. Fully fitted commercial kitchen. Large car park to the rear of the property. The Hotel comprises: Ground Floor Public bar Lounge bar Fully fitted kitchen Dining room Sitting room Function hall Reception First Floor 5 bedrooms Bathroom Shower Room Proposed second floor (floorplan in legal pack) 5 en-suite bedrooms Private accommodation setup with 3 bedrooms, bathroom, shower room, office and living room Cuminestown is a village in the Formartine area of Aberdeenshire, Scotland, and sits at the centre of the parish of Monquhitter. It is only 24 miles to Peterhead and circa 30 miles from Aberdeen Airport. Due to the location there is always demand for contractors and offshore workers' accommodation where food and drink can be provided. This is an incredible and hugely discounted opportunity for an owner-operator or multi-site operator to bring back the only pub in the village, whilst growing the accommodation income. The added benefit of rooms, kitchen and function capacity can increase the potential revenue substantially. With a public bar, lounge, dining room, function hall, reception bar, letting rooms and the future development potential - the property lends itself to multiple uses, including: Worker's Accommodation as meals can be included Pub/lounge and food offering Function hall catering for 20-250+ where required Close links to North Sea coast for tourism Large footprint, should a developer wish to demolish and build homes (STP)

Auction Details
28 November 2024, 10am-3pm
Timed Online Auction

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