Description

Price Reduced October 2019 from Offers Over £345,000 to Offers over £295,000

Location

The Keyhead Guest House is situated in a highly attractive rural setting, close to the village of St. Fergus, to the north of Peterhead.  The premises lie immediately adjacent to the A90, the main arterial route linking the subjects to Fraserburgh, Peterhead and Aberdeen.

The premises, therefore, occupy a highly prominent roadside position, able to capture significant passing trade in relation to both food, wet and accommodation sales, as well as touring caravans and tourists.

In addition, the extensive St. Fergus Gas Works is situated nearby. This facility is being partly decommissioned although will provide a valuable customer base to the subjects.

Description

The Keyhead Guest House is arranged within part single and part two-storey cavity brick/block constructed buildings. In addition, there are a variety of extensions to the side and rear. The premises include a large flat area to the rear, used as a caravan park. There are 7 static caravans, which are included in the sale and 6 touring caravan pitches. All caravan areas have full services provided, including water, drainage, electricity and propane gas.

The premises occupy a large self-contained site, accessed directly from the main A90 to the front. The site acreage extends to 1 acre.

Accommodation

We have summarised the accommodation internally as follows:

Main Hotel

With reception, lounge bar, dining room, public bar, customer toilets, two kitchens and a variety of storage areas.  The first floor provides 9 letting bedrooms. Five bedrooms have en-suite facilities. There are bathrooms serving the other letting bedrooms.

Caravan Park

With 7 static caravans and 6 touring caravan pitches. There are attractive views over open countryside to the rear.

Owner’s Chalet

Purpose built owner’s chalet, comprising 3 bedrooms, living room, dining room, bathroom, kitchen, garden and stores.

Site

Car parking situated to the front.  Total site area of 1 acre.

Rateable Value

The property is assessed for rating purposes at a Rateable Value as follows:

Property

Keyhead Guest House

Description

Guest House

Rateable Value

£11,000

The premises, therefore, fall below the Rateable Value threshold of £15,000.  There are no current rates payable.

Inventory

We understand that all fixtures, fittings, furnishing and equipment within the property are owned outright and will be included in the sale. This includes the 7 static caravans situated to the rear.

The Opportunity

The Keyhead Guest House has been operated by our clients for a number of years. Historically, the business generated a high level of sales, which was gained principally from workers utilising the St. Fergus works.

However, the premises now require a refurbishment in all trading areas. After a refurbishment, the premises are ideally situated in order to attract significant customers from the St. Fergus works, passing trade from the A90 and general tourist trade both from car borne tourists exploring the north of Scotland and short/long stay trade to the touring and static caravans.

In addition, the premises do occupy a highly attractive rural setting and the site acreage is large. The premises may also be suitable for an alternative residential development to provide a single house or multiple houses. This would be subject to gaining the necessary consents from the local authority.

The premises have been competitively priced to reflect the current condition.

Trading Information

No trading information is available for the business. Our clients have changed the business over the last 5 years and now operate on an ad hoc, manageable self-catering basis. Historically, the business achieved net of VAT sales in the region of £380,000.

Asking Price

The Keyhead Guest House has been placed on the market at offers over £295,000 for the benefit of the heritable interest, to include the fixtures and fittings.

Floor Plans

• Floor Plans

  

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