Graham + Sibbald are delighted to bring to market the Mercure Aberdeen Caledonian Hotel For Sale. Aberdeen is located on the North Coast of Scotland and boasts plenty of activities and attractions for tourists and visitors. The hotel for sale is located in the heart of Aberdeen overlooking Union Terrace Gardens. A short walk from the hotel is Union Street, which is one of the main shopping areas of Aberdeen. Union Terrace Gardens is a popular area in the centre of the city that re-opened in December 2022 following a £28.3 million refurbishment.
The improvements are part of a City Centre and Beach Masterplan that is designed to invigorate both areas while enhancing Aberdeen's unique qualities and characteristics.
The Mercure Aberdeen Caledonian Hotel is an elegant Victorian 83-bedroom hotel that was designed reflecting the local vernacular and being in the very heart of the original city, is one of the most historic hotels in Aberdeen. The hotel was acquired by the current owners as part of a portfolio that includes hotels in the southern half of England. Therefore, the owners have decided to openly offer the hotel to the market to focus their resources on the hotels closer to them.
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Location
Aberdeen is located on the North Coast of Scotland and boasts plenty of activities and attractions for tourists and visitors. Aberdeen is the third most populous Scottish city and while it is well known for its role in the energy sector, including offshore oil and gas exploration, its coastal location with a long sandy coastline also makes it a popular leisure destination. The city has a seafaring heritage, and this can be seen at the Aberdeen Maritime Museum; other attractions include the exotic plants and tranquil ponds of Duthie Park and the many historic castles and sites that can be explored inland, along with Royal Deeside.
The Mercure Aberdeen Caledonian Hotel is located in the heart of Aberdeen overlooking Union Terrace Gardens. A short walk from the hotel is Union Street, which is one of the main shopping areas of Aberdeen. The wider surrounding area comprises a range of property uses including offices, retail and residential. The hotel’s central location means that it is close to the mainline station, which is approximately 10 minutes from the property, and Aberdeen International Airport is circa 20 minutes drive awa
Accommodation
PUBLIC AREAS
Ground Floor The hotel’s main entrance is up an impressive flight of stairs from Union Terrace, through vestibule to the entrance hallway with reception counter.
Lounge Bar Accessed to the left of reception is the main lounge bar with bar servery with steps up to a further seating area (c.40 covers).
Bistro Restaurant The Bistro Restaurant is access off the upper seating area (c.30 covers).
Function Facilities The hotel benefits from having four meeting/function rooms ranging in size, which can be accessed via a separate external entrance.
Terms
TENURE Heritable (Freehold) / Outright Ownership The hotel is currently operated with the benefit of a franchise arrangement with Accor to use the Mercure branding. Arrangements for the continuation of the brand will need to be discussed with Accor when appropriate.
EXCLUSIONS Personal effects of the vendors. Standard industry items held under lease or lease purchase arrangements.
FINANCE/BUSINESS MORTGAGES Graham + Sibbald are in regular contact with the specialists involved in financing business and property purchases in Scotland and we would be happy to assist with introductions if required.
PRICE Offers are invited for the heritable (freehold) interest in the whole property, the trade fixtures, fittings and equipment, together with the goodwill of the business, which is to be sold complete as a going concern. Stock in trade to be purchased at an additional price at valuation on the date of entry.
METHOD OF SALE A corporate transaction of a sale of the shareholdings in the OpCo/PropCo Limited Cos. is the preference. The sellers, however, would consider an asset sale as a TOGC
ENERGY PERFORMANCE CERTIFICATE Mercure Aberdeen Caledonian Hotel – EPC Rating – F The EPC is available on request.
RATEABLE VALUE Mercure Aberdeen Caledonian Hotel - Rateable Value £240,000 (1st April 2023)
Specification
- Striking Hotel in Prominent City Centre Location For Sale
- Prominent location in the centre of Aberdeen overlooking Union Terrace Gardens
- Operating with the benefit of international branding
- 83 ensuite letting bedrooms
- Lounge Bar (c.40 covers) + Bistro restaurant (c.30 covers)
- Four function rooms with an individual room capacity of up to 75 guests
- Scope to evolve the business
- Heritable (Freehold) / Outright Ownership