52 En-Suite Bedroom Hotel Rarely available at auction, this is a fantastic opportunity to purchase the Huntly Arms Hotel which is set in the picturesque village of Aboyne, surrounded by the beautiful Cairngorms Park and a stone’s throw from the River Dean. Probably the oldest coaching inn to be found in Scotland, the hotel dates back to 1432 and has played host to Jacobite leaders and later to Queen Victoria, who often rested at the Hotel on her way to Balmoral. The hotel ceased trading in March 2020 and the current owners are now looking for someone to take over the business and run it to its full potential. The property was valued by Lambert Smith Hampton in February 2018 at £925,000 (available on request) and the hotel had a turnover for 2017 year end of £553,216 so offers massive potential for the right buyer. The accommodation comprises, Ground floor: reception and waiting area, Dinnie lounge bar , Grill room, function suite, The Tavern public bar, commercial kitchen, retail unit, former spa building, various stores, male & female WC’s, Pool room. On the upper floors are 52 en-suite letting bedrooms and Linen Stores. There is also a self-contained ground floor retail unit which is accessed from Station Square. Traditionally two separate units the property was previously trading as a pet supplies retailer. There may also be scope to convert the separate unused cottage to a residential dwelling (subject to relevant planning consents). This would further enhance the property and generate further additional income along with the retail unit. The property is situated on grounds extending to approximately 1.36 acres and offers a unique opportunity to purchase this Hotel and utilise it to its full potential. Viewing is strongly recommended to appreciate the property on offer at such an attractive price. 52 En-Suite Bedroom Hotel Extensive Grounds Approx 1.36 Acres Historic Building Turnover For Year End 2017 At £553,216 Previous Valuation 2018 At £9

Tenure

See Legal Pack

Location

Aboyne is a village which sits within the Marr area of Aberdeenshire, one of six administrative regions that make up Aberdeenshire Council. The village is located within Royal Deeside approximately 30 miles west of Aberdeen, 81 miles south east of Inverness and close to the Cairngorm National Park. It is accessed via the A93, the main arterial route from Aberdeen, and the B976. Stagecoach provides regular bus services to Aberdeen and the surrounding towns and villages. The area is home to a number of castles and is a popular tourist destination along the River Dee. Nearby attractions include Aboyne Castle, the Loch of Aboyne and Aboyne Golf Club. Every August, the Aboyne Highland Games is held on Charleston Green, situated directly opposite the subject property. These traditional highland games are in their 150th year and are a major attraction to the village each summer.

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see Legal Pack

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