For Sale By Auction | 14:00, 31 January 2019

Earl Of Aberdeen Arms Hotel, Auchreddie Road East, Turriff, Aberdeenshire, AB53 6TW

*Guide | £100,000+ (plus fees)

  • Pub
  • 4 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 31/01/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Trading public house

The property comprises a two storey building with a trading public house on the ground floor with basement storage below, and four bedroom and box room owner’s accommodation over the first and second floors. Overall the floor space extends to 2,999 square feet – Basement 611 sq. ft, Ground 1235 sq. ft, First 770 sq. ft, Second 383 sq. ft. The property comprises bar, function suite with dining for 30 covers, games room, male and female toilets. Storage in basement accessed via a floor hatch in the bar. Ample free parking is available adjacent to the property. The Earl of Aberdeen enjoys a loyal local following with current income primarily relating from wet sales equating to around 300 barrels p.a. The current owner is looking to retire from the trade but there is an exciting opportunity for the new owner to build on the existing bar trade with the possible addition of food sales and, perhaps, letting rooms on the upper floors. In addition, and subject to required planning and consents, there would also be an option to convert the upper floors, or even the overall building, into self-contained apartments for holiday rental or owner occupation. The valuation role shows a rateable value of £9000 and may qualify for rates relief under the Small Business Bonus Scheme. The Guide Price is exclusive of VAT that may be applicable.

Tenure

Freehold

Popular trading business

Possibility to increase business for food and functions

Development potential subject to planning

May qualify for rates relief

Fully licenced

Area

The quaint village of New Deer lies approximately 12 miles east of Turriff and 30 miles north of Aberdeen. The Earl of Aberdeen enjoys a prominent roadside location within the village. New Deer offers a primary school and secondary schooling is in nearby Mintlaw and a variety of retail and leisure facilities are with a short drive. The village also offers easy access to the A90 road bringing Aberdeen within commuting distance.

Local Authority

Aberdeenshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of £2,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.