Bed & Breakfasts for sale in Peterhead

View the "Thriving Guest House With A Great Reputation In The Heart Of Peterhead" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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David Binder (Nov 2017)
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Freehold Price: £1,200,000 Price Reduced
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Business Description
A wonderful opportunity has arisen to purchase a thriving guest house with a great reputation in the heart of Peterhead. Currently trading as a self catering guest house in the form of 8 separate dwellings with 30 multi-occupancy letting rooms between them, this business offers short and long term letting accommodation for the high numbers of professional personnel working in the area.
The business generates an excellent rental return in a locality that has witnessed a constantly high demand for such accommodation. 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
8 Guest Houses
30 Letting Bedrooms
Sleeps 55
High Profit Margins
Outstanding lifestyle opportunity
Freehold
Offers Over £1,200,000
Circa 30% ROI

Brown’s Guest House is a successful self catering business that generates a healthy income from accommodation sales with exceptionally high demand for letting rooms throughout the year. Operating at no less than 95% occupancy at any one time while frequently achieving 100%, the business benefits from a constant and sustainable income stream attracting personnel from the broad range of energy and service sector industries in the area.

Accommodation is offered on extended stay or short term lets with housekeeping services included. This has proved to be a lucrative arrangement and demand for affordable and suitable accommodation of this type in the area has soared and is likely to continue to do so.

The turnover has been steady and consistently high. A more detailed breakdown of the arrangement can be provided once a formal viewing has taken place. This sale presents an excellent opportunity for new owners to commence with immediate trading of a profitable and well run business while establishing their own reputation. Return on Investment is circa 30%
Tenure: Freehold

Location Details:
The Guest House occupies a central location in the commercial coastal town of Peterhead, a few meters from the local amenities, facilities and services which includes a number of primary schools and a secondary school.

The property is well serviced with good road and public transport networks, being located 30miles north of Aberdeen just off the A90 a major coastal road in the northeast of Scotland passing through Aberdeenshire, Angus and Perth, providing links from Fraserburgh to Aberdeen and beyond.

The town has a diverse economy including food processing, textiles, service industries and fishing. It is fast becoming a major oil industry service center, playing a significant role in the development of North Sea oil and gas with significant industrial developments being introduced to the area including the world’s first full scale Carbon Capture Storage Project operated by Shell.

Peterhead has one of the UK’s most versatile ports serving a broad range of industries including oil and gas, renewables, fishing and leisure. With recent investments in the area and further developments within the energy sector planned, the demand locally for letting accommodation is sustainable and almost guarantees full occupancy.

Listed by: CCL Property Ltd

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4108444
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