Hotel/guest house for sale in Kings Gate, Aberdeen AB15

34 Letting Rooms (en -suite) offering Single, Double/Twin & family options (Sleeps 62). Well patronised Restaurant (60) and Coffee Lounge (24). Comfortable Lounge Bar (45). Two separate function rooms (20) & (50). Hugely impressive commercial kitchen and back of house areas. Large car park to rear (64 cars) with attractive, well-tended grounds to front. Development potential to include additional rooms (STPP). Run fully under management. Impressive B listed property built in 1880, trading as a hotel since 1958. Run by our clients since 1996. Located close to Aberdeen city centre in one of the citys most sought after trading locations.

Freehold Offers over £2,800,000.

Aberdeen is the third most populous city in Scotland with a resident population of circa 200,000. The city is still commonly regarded as the offshore oil capital of Europe. The continued confidence in North Sea oil production has been underscored by bp, Shell and Chevron all headquartered in the city. The oil industry in Aberdeen still boasts a significant life span in terms of extraction and the city has also invested heavily as a home for offshore renewables.

Aberdeen also boasts two high quality universities (Robert Gordon & The University of Aberdeen) which enhances the resident population during term time. The city is also hugely important for the whole of the Northeast region of Scotland. Aberdeen is the major administrative centre for this expansive area of Scotland boasting industries such as farming, fishing and tourism as key contributors to the local economy.

Aberdeen is also an important tourist gateway with Royal Deeside as well as the Castle and Whisky trails all within an easy 1 hour radius of the hotel. The city is an important retail and entertainment hub with the newly created P & J Live arena, lying to the western outskirts of the city. This acts as an important conference and entertainment venue.

The hotel trade in the city remains strong, underpinned by the oil economy and bolstered all year round by visitors to the city. Recent figures show the Aberdeen hotel market boasts over 1.3m overnight stays.

The hotel occupies a commanding trading location on Kings Gate, in the heart of Aberdeens busy and sought after West End. This location is close to the west end office district, Aberdeen Royal Infirmary as well as the granite lined streets of Rubislaw Den, one of the most desirable residential addresses in the city. The Hotel is approximately 1.5 miles from the main city centre.

The business has been well managed by our clients since 1996 and is poised to grow further in new owners hands. It has responded well post Covid, and trade has returned to pre covid trading levels.

The hotel is offered in first class condition with all public areas benefitting from regular capex spend. All rooms offer excellent facilities including Wi-Fi as well as satellite TV. The business also benefits from an experienced and stable management and staff team, ensuring the consistency of the business is kept up.

Our clients feel enhanced marketing with help push the room sales further and equally enhance the food and beverage offering. New owners will want to explore the ability to increase room stock through further development at the rear of the property.

The availability of the Atholl Hotel represents a very solid and attractive investment return for hospitality operators. The business produces a steady and impressive profit. Equally, the bricks and mortar are located in one of the most sought after addresses in Aberdeen offering solidity in terms of an underlying value.