Bed & Breakfasts for sale in Macduff

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S Martin (Feb 2013)
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Leasehold Price: £38,500 Price Reduced
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Business Description
A wonderful opportunity has arisen to purchase the leasehold of an established hotel with a great reputation for high quality accommodation, food and attentive service. Tastefully refurbished and upgraded with a neutral colour scheme, the hotel is exceptionally well maintained and presented throughout. With large window frontage at the front of the property the lounge, dining room and conservatory all benefit from substantial natural lighting creating bright and comfortable spaces with outstanding sea views.

The Knowes Hotel is offered in true walk in fashion and boasts 8 letting rooms, a popular restaurant trade and spectacular sea views of the Moray Firth.

The area benefits from year round trade and boasts potential to expand the business and take advantage of the demand for its services in the area.

Prime Location
Excellent Condition - recently upgraded
9 Bedrooms
Lounge Bar
Dining Room
Function Suit
Seated Patio
Fully Licensed
Extensive Private Parking
High Profit Margins
Leasehold - terms by negotiation
Rent £18,250 p.a.
May Sell

The Knowes Hotel has been run by experienced hoteliers and has undergone considerably refurbishment. The hotel is offered for leasehold sale in a very high standard. Renowned for great hospitality and offering high quality services, the hotel attracts a variety of visitors with demand for dining and accommodation.

Serving lunch and evening meals in both the lounge, dining room and conservatory the hotel offers a mix of formal and informal dining experiences. The menus offer a range of ‘pub grub’ and specialty dishes with produce being sourced locally and freshly prepared on the premises.

With the benefit of a function hall the hotel can cater for up to 96 comfortably seated or 120 'buffet style' events and is a popular venue for various special occasions.

The hotel has a good mix of income from food and accommodation sales and presents an excellent opportunity for new owners to establish their own reputation.

The rooms are let at £65 per night for single occupancy and £85 per nigh for doubles. In addition to the tourism sector a great deal of business is gained from contractors in the renewable and construction industry.
Tenure: Leasehold

Location Details:

The coastal town of Macduff is situated on the A98, a major coastal road in the northeast of Scotland passing through Moray and Aberdeenshire. The town enjoys spectacular sea views, magnificent sunsets, the cleanest of air and the friendliest of people. Tourism plays a significant role in the area with the award winning Macduff Marine Aquarium and the many neighbouring golf courses being key attractions.

The town is a busy commercial port boasting a shipping industry, fishing and boat trips all of which boost the local economy. A large selection of local services, cafes and small shops ensure that both locals and tourists are well catered for with all amenities being in the vicinity.

There is a £12.7m building project to upgrade the sporting facilities and schools in Banff and Macduff. This has immediately increased demand for accommodation in the area. This project will have an on-going economic benefit for the town.

Leasehold Term:

Leasehold - terms by negotiation Rent £18,250 p.a.

Listed by: CCL Property Ltd
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