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Business For Sale, The Commercial Hotel, 17 Commerce Street, Insch, AB52 6HX

not specified / Leisure / Business for sale

For Sale - £245,000.00

Available - Last updated: 11 November 2023

The Commercial Hotel comprises a traditional town centre public house with letting rooms contained within a two-storey detached building of traditional construction. The property has been altered over the years including the addition of a two-storey rear projection.

Internally, at ground floor there is a well-presented public bar and small dining room with a commercial kitchen located off. There is additionally a former function suite to the rear. At first floor there is a function room, admin office, double letting room with private shower room, owner’s bedroom and a resident’s lounge/kitchenette. In addition, at first floor level there is a self-contained owner’s apartment which comprises double bedroom, living room, kitchen and bathroom. There are a further two en-suite double letting rooms located on the first floor.

Externally to the north of the property is an area of off-street parking for approximately 5 vehicles. There is also a small service yard to the rear of the hotel.

Location

The Commercial Hotel is prominently positioned within a central position within the rural village of Insch.

Insch is approximately 26 miles northwest of Aberdeen city and serves as a small commuter village with limited local services including a school, small industrial estates and convenience stores.

The village is serviced by a train link that connects it to Aberdeen and Inverness and there is also a bus service that connects the village to the nearby towns of Huntly and Inverurie.

Accommodation

Ground Floor:- entrance, public bar, dining room, kitchen, former function room/ store and patron WC’s.

First Floor:- function room, admin office, double letting room with private shower room, resident’s lounge/kitchenette and separate owner’s room/additional letting room with no ensuite. Additionally located on this floor is the owner’s apartment which is self-contained and comprises double bedroom, lounge, kitchen and bathroom.

Second Floor:- two en-suite double bedrooms

Owner’s accommodation: - additionally at first floor level there is a self-contained owner’s apartment which comprises double bedroom, lounge, kitchen and bathroom.

External: Patio with outdoor tables and parking.

Terms

TRADE INVENTORY: The asking price will include the trade inventory. Stock will be agreed separately.

RATING: From reference to the Scottish Assessors Association Website the subjects are noted to have a rateable value of £18,000

PRICE: Our clients are seeking offers over £245,000 for the business as a going concern.

LEGAL COSTS: Each party to be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for stamp duty, land tax, registration dues and VAT incurred.

ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the property is available upon request.

ENTRY: Early entry can be afforded upon conclusion of legalities.

ACCOUNTS: Full trading accounts will be available to interested parties after a formal viewing has taken place.

BUSINESS: A substantial amount of work and money has been spent on the property in the last five years including replacement of part of the roof, the electrics have been replaced and the rooms have been refurbished, two new boilers have been installed together with new windows.

The business is now offered in a walk in condition ideally suited for an owner operator and is primarily operated as a wet led public house serving the local community with the benefit of three letting room.

The business is open

Monday 4pm – 11pm
Tuesday 4pm – 11pm
Wednesday 4pm – 11pm
Thursday 4pm – 11pm
Friday 12 noon – 1pm
Saturday 12 noon – 1pm
Sunday 12 noon - 11pm

The current owner has leased the dining room and kitchen to Café Mint on an informal basis, however, this arrangement has been in place for a number of years.

Specification

  • Prominent roadside location
  • Ground floor public bar and dining room
  • 3 En Suite letting rooms
  • Self-contained owners’ accommodation
  • Offers over £245,000

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers over For Sale Freehold £245,000.00 NA

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Contact agents

Margaret Mitchell

DM Hall

0131 610 0384

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