Hotels and Motels for sale in Fochabers

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Well-Established and Increasingly Popular Garmouth Hotel

Fochabers, Moray, Scotland

  • Freehold Price: £395,000  Price Reduced arrow_drop_down
Seller Reference: 15471070
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 15471070
Request Details
Business Description
A wonderful opportunity has arisen to purchase the well-established and increasingly popular Garmouth Hotel, a traditional Highland Inn comprising 6 en-suite bedrooms, a 3 bedroom annex with self-catering facilities, a licensed public bar, café and a 50 cover dining room. Situated in the North East village of Garmouth close to the mouth of the River Spey at nearby Kingston, the property is conveniently located a short drive from the A96 and the Moray capital of Elgin.

The Garmouth Hotel is an easily managed and well ran business, providing a range of accommodation with self-catering facilities for the extensive passing trade which includes walkers, cyclists and tourists who frequent the area annually.

The public bar operates 7 days per week and is viewed as a popular local’s pub offering regular music/entertainment, and bar lunches and homemade evening meals. The restaurant provides an additional 50 covers to accommodate the surplus demand for evening meals, especially at the weekends. Boasting Trip Advisors Certificate of Excellence two years in a row, the business has proven to be popular amongst locals, passing trade and residents from neighbouring towns as well as tourists from further afield visiting the area.

The variety of facilities and services provided ensures that the business maintains a steady trade with a strong income and attractive projections for the future. It benefits from year round trade and enjoys strong repeat business from locals and visitors with high occupancy levels throughout the year.

The Property:
The ground floor comprises a public bar with service counter and freestanding tables and chairs providing space for c.20 covers; a bright and spacious c.20 cover café with service counter and cake fridge; a c.50 cover dining room with access to beer terrace; a large well equipped modern commercial kitchen with ample storage spaces; beer store; laundry and stock rooms; and public toilets.

Two of the guest rooms are located on the ground floor while the remaining 4 are situated on the first. Each room provides bright and comfortable spaces with en-suite facilities.

Services

The property has mains water, drainage, Oil CH and electricity.

Tenure

The property is held on the Scottish equivalent of Freehold.

Price

Offers in the Region of £395,000 are suggested for the property, fixtures, fittings and goodwill.

Inventory

An inventory will be compiled to detail all items of a personal nature excluded from the sale.

Summary

This sale presents a unique opportunity for a new owner to introduce their own impetus and increase net profits through a number of different income streams. Situated in a popular tourist location with spacious accommodation offered in true walk in condition. This is an ideal business opportunity with excellent potential for growth. Early viewing is recommended to truly appreciate the quality of accommodation on offer.

External:
The property comprises a 2 storey detached building, set within its own grounds and is of traditional design, painted white providing a rustic charm. Attractive outdoor seating is available within an enclosed beer terrace at the rear and an attractive separate seating area to the side of the café, allowing for alfresco dining on those more pleasant days.

The hotel is accessed directly from the main through road of town and benefits from a large enclosed car park which is located adjacent to the property and provides ample car parking.
Tenure:
Freehold
Listed by:
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