FOR SALE
LONG ESTABLISHED HOTEL BUSINESS
• POTENTIAL FOR ADDITIONAL BEDROOM ACCOMMODATION
• RESTAURANT, LOUNGE BAR, LETTING ROOMS & FUNCTION ROOM
• SUCCESSFUL WEDDING/CONFERENCE BUSINESS
INTRODUCTION:
The attractive Old Mill Inn, which is situated on South Deeside Road, Maryculter is an historic 200 year old Country Inn which the current owners have operated since 1989. The owners have decided to pursue other business activities and therefore have released this successful business to the market. The subjects offer an incoming proprietor significant potential for further development.
Location
The property is located approximately 5 miles west of Aberdeen city centre and is easily accessible from the affluent areas of Cults, Milltimber, Bieldside and Peterculter and therefore benefits from a large catchment area.
Access to the property is from the busy B9077 South Deeside Road, which leads in a westerly direction from the City towards Banchory. Consequently the subjects benefit from a high profile location with significant traffic flows.
The subjects will also be adjacent to the AWPR and consequently will benefit from a significant further enchancement of profile upon completion of the road. This will also provide easy and quick access to the City’s main business areas to further enhance the potential of the business.
The Ordnance Survey extract overleaf is for identification purposes only.
Accommodation
The property accommodates the following main areas:
The Old Mill Inn
• Lounge bar.
• 55 cover restaurant located adjacent to the lounge bar.
• Kitchen area.
• The main letting accommodation, located within the first floor comprising of 7 bedrooms.
• 40 cover dining/function area at first floor.
• Staff living accommodation.
• Ancillary storage and amenities
The Old Mill Suite
• 150 cover function room with a capacity of 400.
• Cellarage is located to the rear of the main Hotel.
• Independent kitchens.
ACCOMMODATION:
The subjects have been measured on a gross internal floor area basis in accordance with the RICS Code of Measuring Practice (6th Edition) and extend to the following:-
The Old Mill Inn
Ground Floor 345.51 m² (3,719 ft²)
Cellarage 39.00 m² (419 ft²)
First Floor 229.34 m² (2,469 ft²)
Attic Floor (Front) 100.08 m² (1,077 ft²)
Attic Floor (Rear) 21.80 m² (235 ft²)
Sub Total 741.73 m² (7,984 ft²)
The Old Mill Suite
Ground Floor 904.82 m² (9,739 ft²)
TOTAL 1,646.55 m² (17,723 ft²)
SITE AREA
The subjects are accommodated in a site extending to a total area of 2.03 hectares (5.01 acres).
Terms
LICENCE:
The subjects benefit from a full licence permitting opening from 11 am to midnight 7 days a week. The function room has an extension permitting operations until 1 am.
FINANCIAL INFORMATION:
Further information on the turnover and profits are available to genuinely interested parties.
DEVELOPMENT POTENTIAL:
A planning application has been lodged for additional bedrooms to further enhance the potential of the business, full details in this respect are available upon request.
RATEABLE VALUE:
The subjects are entered into the Valuation Roll as follows:-
Hotel £49,000
PRICE:
Offers over £1,000,000 exclusive of VAT.
CLOSING DATE:
Whilst a closing date may not necessarily be set, interested parties are advised to note their interest in writing to the sole selling agents.
VAT:
All rents, prices, premiums etc are quoted exclusive of VAT.
ENERGY PERFORMANCE CERTIFICATE:
The property has a current Energy Performance Rating of “G”.
Further information and a recommendation report is available to seriously interested parties on request.
VIEWING & OFFERS:
As the Old Mill Inn continues to trade, viewing is strictly by appointment only and in this respect please contact the selling agents:-
J & E Shepherd,
Chartered Surveyors
35 Queens Road,
Aberdeen AB15 4ZN
Tel: 01224 202800
Fax: 01224 202802
Publication date: February 2013
Email: mark.mcqueen@shepherd.co.uk/
c.grinyer@shepherd.co.uk
Contact: Mark McQueen or
Chris Grinyer