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Star Hotel New Wynd, Montrose, Angus, DD10 8RB (Ref:6183)

For sale: £265,000.00|12,482 Sq Ft|Hotels, Licensed & Leisure

Property details

FOR SALE£265,000.00
SIZE12,482 Sq Ft
ADDRESSStar Hotel New Wynd, Montrose, Angus, DD10 8RB (Ref:6183)
TYPEHotels, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON10th November 2021

Description

EXCELLENT INVESTMENT OR BUSINESS OPPORTUNITY

LOCATION
Montrose is one of the principal towns within the Local Authority district of Angus and is positioned on the northeast coast of Scotland, approximately 40 km 30 miles) north of Dundee and 61 km (38 miles) south of Aberdeen.

The town, which has a population of circa 13 250 (source Angus Council), sits on the East Coast Railway Line linking London and Aberdeen and connects into the trunk road network via the A 92 coastal tourist route and the A 935 Brechin Road.

Montrose is an important employment centre for the northeast providing a busy commercial port for the agriculture, oil and gas industries. As well as being an attractive place to live, Montrose is also a popular destination for tourists.

Montrose is an up and coming location and has been earmarked as a major port for expansion of Scotlands renewable energy infrastructure plan with the £3Bn "Seagreen" offshore windfarm in planning which will bring significant benefits to the town in terms of employment numbers and demand for residential and hotel space

https:://www seagreenwindenergy com/

The subjects are located on New Wynd near the junction with High Street in the centre of the town.

ACCOUNTS
Accounts can be made available to interested parties upon formal request from their legal representative or accountant.

DESCRIPTION
The Star Hotel is a former coaching inn that comprises a 15 bedroomed hotel with a separately accessed public bar all contained within a traditionally built terraced property dating back to 1765.

The public bar is arranged over ground floor and accessed via a covered car parking area off New Wynd. The bar is of traditional style with wooden flooring and furnishings throughout.

A ‘Disco Bar’ is located to the rear and includes a DJ booth and dance floor.

The hotel is accessed separately and arranged over the upper floors.

The first floor of the property comprises the breakfast dining room, together with two function suites with a total capacity of 170 persons.

At second floor there are 8 en suite letting bedrooms along with a well appointed self contained owners flat comprising lounge, fitted kitchen and en suite bedroom.

At third floor there are a further 7 en suite bedrooms and laundry room.

GUIDE PRICE
A Guide Price of £265,000 is sought for the subjects for the property including all fixtures and fittings (excluding the owners private belongings and memorabilia).

Rented items are also excluded from the sale Stock available at value. Please call for details.

MANAGEMENT
The business has been operated by the current owners since 2010 and trades throughout the year.

Bookings for the hotel rooms are taken via all main hotel/accommodation websites along with the hotels own private website https :://www starhotelmontrose.com.

Further details upon request.

Whilst the public bar trades well there is excellent scope to improve turnover and profit levels through introduction of a food offering and utilisation of the first floor function suites as potential restaurant space.

Details of current staff will be provided to registered bidders upon request.

FOR SALE BY UNCONDITIONAL ONLINE AUCTION
www shepherd co uk/commercial auctions

Please note buyers will be required to register prior to bidding.

Details are available on the website

VAT
All figures quoted are exclusive of VAT.

The property is not currently registered for VAT purposes.

GUIDE PRICE
Properties advertised with a guide price is within 10% above or below the reserve price when a single figure is stated. If the guide price is a bracket figure, the reserve price cannot
exceed the top end of the bracket price.

DEPOSIT
At the end of the auction, if the reserve price has been met, a 10% deposit will be payable.

BUYER FEES
Details of the buyer fees associated with this property can be found on the individual property page.

LEGAL PACK
The legal pack will be made available to view online upon registration.

RESERVE PRICE
The reserve price is the minimum price for which the property can be sold and is confidential between the auctioneer and the vendor and cannot be disclosed.
If the reserve price isn’t met, the property will remain unsold. You can contact our team and at this point you’ll be able to make an offer which will be referred to the sellers for
their consideration.

Location

marker
Location: Star Hotel New Wynd, Montrose, Angus, DD10 8RB (Ref:6183)

Montrose (0.2 miles)

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