Hotel for sale

The Seafield Arms Hotel, 73 New Street, Rothes, Moray AB38


Offers over
£220,000
S.O.A.

Description

• Budget hotel and bar with excellent business development potential located in the heart of Speyside on the ever-popular Malt Whisky Trail.

• Prominent business location within the historic Town of Rothes on the busy arterial route from Aviemore to Elgin (A941).

• Presently trading under a lease which is due to expire in December 2021; no trading accounts are available.

• 6 letting bedrooms (4 en-suite) plus 2 attic bedrooms for owners / staff accommodation.

• Sound business facilities including a spacious bar, a separate lounge bar and small dining room plus large kitchen.

• Grounds include a car park, beer garden and private areas to the rear aspects.

Description
The Seafield Arms Hotel is an attractive building in a highly desirable trading location, providing a robust business development proposition within the heart of the Malt Whiskey Trail. This substantial property is located in the thriving Town of Rothes, situated on a popular tourist route (A941). The property has a long and varied history with the original subjects being built in the early 1800s. The subjects on offer present spacious trading areas and 6 letting bedrooms, 4 of which have en-suite facilities. There are 2 attic bedrooms providing private owners or staff accommodation. The business is in need of inward investment to bring it up to a modern standard, reflecting the current market demands. The property has been priced to reflect its current condition and decorative state. However, this is a perfect opportunity for someone to acquire a property at a low price point and stamp their own personality and business model onto a blank canvass. There would be scope to change and develop the property into a bed and breakfast or other uses subject to necessary planning consents.

Trade
The business traditionally traded on 3 income streams; wet sales, food and accommodation. Accommodation income was generated through 6 letting bedrooms. In recent times these rooms have been let to long-term business users but the area has a strong demand from the tourism sector. The catering provision at the Seafield Arms Hotel has fallen in to abeyance barring that for resident guests and this is an area where new owners could develop the business further. The business historically trades year-round but a seasonal operation would suit the locality as there are many other providers within the town. New owners could focus on catering for the large numbers of tourists enjoying the Malt Whisky Trail plus those customers who take part in fishing and game sports, as well as a wide range of business-to-business trade. The business has a presence on various web-based platforms but this is an area where new proprietors could develop the trading presence significantly.

Reason for sale
After a period of leasing the hotel, the owner has brought the property onto the market to retire from all business activities.

Location
Rothes is situated on the A941 about 10 miles South of Elgin and 40 miles North East of Aviemore. Inverness, the Highland capital, is 48 miles to the East. The town has an impressive history and has a resident population of about 1200. Rothes makes a great base to explore the beautiful Spey Valley and Moray Firth regions which have something for everyones taste; historical monuments, museums, castles, visitor centres, etc. The town has a long-established history with whisky distilling and being on the Malt Whisky Trail is home to distilleries such as Glen Grant Distillery, Glen Spey Distillery and Glenrothes Distillery.

Golf is also a popular attraction within the area with many golf courses within a short drive. The Moray coast has some stunning white sandy beaches; the most notable being at Findhorn and Culbin. The River Spey is a famous salmon river but also plays host to a range of river activities to include white water rafting, kayaking etc. The wide-ranging countryside offers fantastic walks and the Cairngorm National Park with its excellent activity centres and mountains is a short drive away. The Seafield Arms Hotel could benefit from trade generated through tourism; the area has a number of camping/caravan parks, numerous B&Bs/guest houses plus self-catering accommodation. Local amenities including schooling, social and welfare facilities are of an excellent standard.

The property
The Seafield Arms Hotel is accessed from the main road at street level. The property is well-signed providing strong branding potential. The main customer entrance leads via a corridor to the dining room and main bar plus further along is the lounge bar. A rear access gives direct entry to the lounge bar. The original aspects were believed to originate in the early 1800s. The property is set over 2 main floors plus an attic floor and has a substantial footprint. The roofing areas are of mainly pitched slate and the property is in a well-known and prominent location.

The dining room is currently used by the tenants as a private lounge but could provide an excellent breakfasting facility. The main bar is spacious and is set to free-standing tables and chairs to comfortably seat 40 customers. The main bar has a wood-burning stove and has darts lanes, TVs and Juke Box. The lounge bar has a pool table and fixed seating. Both bars operate a back-to-back facility, thus allowing for ease of service and cost effectiveness of staffing. From the main corridor ladies and gents washrooms can be accessed. There is a third washroom which is currently being used as a store.

Letting accommodation
The hotel has 6 budget letting bedrooms, all located on the first floor which are configured to:

Room 1 - Twin - sharing bathroom
Room 2 - Twin with en-suite bathroom with shower over
Room 3 - Single - sharing a shower room
Room 4 - Twin en-suite with shower room
Room 5 - Twin en-suite with shower room
Room 6 - Twin en-suite with shower room

service areas
The large kitchen is modestly equipped and needs to be moderinised should the new owners wish to provide a full catering facility. Should purchasers choose to trade on a bed and breakfast basis only, the in-place facilities would suffice. There is an external chilled cellar and ample storage facilities throughout.

Owners accommodation
There are 2 attic bedrooms for owners / staff accommodation. These rooms will need to be upgraded where new owners were to bring the attic space back into use, however, they offer ample accommodation for a couple.

Grounds
The subjects have ample off-road parking to the side of the main building with some parking to the rear of the property plus a car-port which is mainly used by the owners. There is a spacious beer garden in the courtyard set to patio furniture.

Services
The property benefits from mains electricity, water and drainage plus gas-fired central heating. The subjects have a fire systems and security system. The property is mainly double glazed.

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Property reference
CP56401_353