Aberdeen is Scotland’s third largest city and is the major retail and administrative hub for the North East of Scotland, with a population of approx. 230,000 persons.
The city has a promising outlook, driven from diversification and development in the tourism, business and leisure sectors plus advanced and continued development of North Sea oil. It is also a popular student city with Aberdeen and Robert Gordon Universities.
The city has a vibrant licensed and leisure sector which is bolstered by visitors, tourists and business stays.
Specifically, the subjects are located in the coastal village of Balmedie, 7 miles north of Aberdeen. Balmedie has a population of approx. 2,500 persons and is well known and popular for its beach and sand dunes.
The location benefits from proximity to Balmedie Country Park and Menie Estate which includes the £150m Trump Aberdeen golf course and a luxury hotel development. In 2018, planning permission was lodged to build a new luxury Trump estate with 500 luxury homes, ranging from £295,000 to £1m.
In addition to Trump International Golf Links, there are a number of other popular, good quality, golf courses in the area including Royal Aberdeen, Cruden Bay Championship course, Murcar Links and Fraserburgh Golf Club.
The bar & restaurant is formed within a large single storey building. There is a separate two storey bedroom block and large car park to the rear. Site area is extensive and extends to 0.85 acres.
The accommodation is as follows:
Accessed from the front with bar servery with a mix of fixed back and loose tables and chairs for approx. 45 to 50 covers. There is a further dining area with seating for approx. 60 persons, decorated in a good quality “New England” style.
Separate access to the rear with bar servery and a mix of fixed and loose seating for 25 to 30 persons. Games area with pool table and darts lane.
With separate access from the front, bar servery and customer toilets. The function suite has a timber dance floor, able to accommodate functions for up to approx. 150 persons.
Extensive commercial kitchen with quarry tiled floor, tiled walls and commercial extraction hood.
Separate Ladies and Gents customer toilets, serving bar and restaurant.
Substantial ancillary accommodation including entrance lobby, reception, office, dry goods store, freezer room, wine store, spirit store, office, staff toilet, staff cloakroom and general stores.
The letting rooms are categorised as follows:
All bedrooms are ensuite with tea and coffee making facilities and TV.
There is a large car park to the rear for approximately 18 cars and an overspill car park for a further 5 to 6 cars. Children’s play area.
External beer garden (to the front).
There is a premises licence in place.
We understand that the premises are connected to all mains services including water, gas and electricity.
The premises are entered into the Valuation Roll at a Rateable Value of £61,000 (effective from 1st April 2017).
The business was placed into Administration at the end of 2018. The business is currently trading under management. We understand the principal bar / restaurant was refurbished in 2015, at a cost in the region of £250,000. It offers a modern ‘New England’ style layout and is popular with both locals and tourists. The premises are one of the first licensed premises just north of the new Aberdeen bypass, which will undoubtedly benefit the bedroom accommodation in particular. The proximity of the Trump Aberdeen Resort also assists in attracting significant golf tourism.
As the business is in Administration, no financial information can be warranted. We understand, historic sales to 31st December (Excluding VAT) were as follows:
We understand that more recently, accommodation sales make up 26.5% of income and food and wet sales, roughly evenly split at approx. 36% each of income. There is no doubt that the business offers genuine future potential, particularly given its strategic location just north of the new bypass, which is in the process of opening, and the proximity of significant new development.
The premises are being sold with vacant possession. Our client is seeking offers over £425,000 for the benefit of the heritable interest. Stock in trade will be additional.
The premises have an EPC rating of G. A copy of the EPC can be provided to interested parties.
For further information contact
Designed & built by Mucky Puddle