Hotels and Motels for sale in Turriff

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Hotels - Aberdeenshire

Turriff, Aberdeenshire, Scotland

  • Freehold Price: £899,950  Price Reduced arrow_drop_down
  • Annual Turnover: £1,369,166
Seller Reference: BC46054
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: BC46054
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Business Description
• Freehold, 10 en-suite letting rooms, 24 capacity private function room, Guest Lounge
• 80 Cover Restaurant, 20 Covers for outside dining also used for Weddings & private functions.
• 3 Bedroom Owners accomodaton, Lapsed planning permisison for additional 7 letting bedtooms.
• Highly Profitable Business. Turnover 2018 £1,369,166.00.

Ref:46054
The Fife Arms Hotel, Turriff is an extremely well run business that has been run by the current proprietors since 2008. The property dates back to the early 18th Century as a staging Inn.
Price:£899,950

The Fife Arms Hotel, Turriff is an extremely well run business that has been run by the current proprietors since 2008. The property dates back to the early 18th Century as a staging Inn. Since purchase the current vendor’s have renovated the hotel throughout, with the addition of extending the restaurant. The hotel is now presented in excellent condition throughout, and offers a highly profitable family business. The property has been placed on the market due to the current proprietor’s wish to retire from the hospitality industry. The business trades throughout the year and its quality is reflected in the number of awards it currently holds such as achieving 4.5 out 5 on trip advisor and being highly regarded in the area. Additional marketing is carried out through its own informative website www.fifearms.com
The business is trading extremely well but offers any potential purchaser the opportunity to expand both the property and business.

Summary. The sale of The Fife Arms Hotel offers a rare opportunity to purchase a high quality, beautifully presented property which is trading well but with potential for expansion of the business. Viewing is highly recommended.
Tenure:
Freehold
Is accommodation included?:
Yes
Listed by:
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