Mormond Inn 2 Water Street, Strichen, Fraserburgh, AB43 6ST

The Mormond Inn is a lovely village Inn located in the 18th century planned village of Strichen. The village is located to the south west of Fraserburgh which in turn is on the northern coast of the Grampian area. Strichen is a popular commuter town for Fraserburgh, Peterhead and Aberdeen. The village has a resident population of around 1000 people. Fraserburgh is some 9 miles away, Peterhead some 16 miles and Aberdeen 35 miles.

The Inn occupies a central position within the village and benefits from a riverside location overlooking the historic stone bridge. The Inn has fishing rights for 2 miles along the River Ugie.

The property was acquired by the Landlord in 2014 and since purchasing the site he has carried out extensive refurbishments and improvements before granting a new Full Repairing and Insuring lease in September 2015. The property is currently let on a 10 year lease ending in September 2025. The passing rent is £21,416 per annum.

The business is not for sale. The Landlord is marketing his heritable property for sale subject to the existing registered lease. Offers in the region of £250,000 are sought for the heritable property which offers investors a net initial yield of 8.19% allowing for purchasers costs of 2.6%.

The EPC rating for the building is G.

( Agency Pilot Software Ref: 5470 )