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The Commercial Hotel, Auchry Road, Cuminestown, Aberdeenshire, AB53 5WJ

Guide Price
£199,999

Business rates & charges may apply

Online Property Auctions Scotland, Online Property Auctions Scotland
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5 bedroom hotel for sale

Key features

  • Former Hotel and Bar in the Village of Cuminestown
  • Well Positioned as the Only Public House and Accommodation in the Village
  • Huge £90,000 Reduction on the Guide Price!

Description

FOR SALE BY ONLINE AUCTION THURSDAY 25TH JULY AT 9.00AM. 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). Incredible reduction of £90,000 from previous asking price.

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

Please note, there is some damage to the roof/ceiling above the dining room, caused by a roof leak last year. This damage is reflected in the reduced guide price.

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

To view legal documents for all properties, and to register for our online auctions please visit our website.

Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.

Brochures

The Commercial Hotel, Auchry Road, Cuminestown, Aberdeenshire, AB53 5WJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Insch Station17.7 miles

Notes

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Disclaimer - Property reference 251965. 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 Online Property Auctions Scotland, Online Property Auctions Scotland. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auctions Scotland, Online Property Auctions Scotland on 01409 335799.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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