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Description

Impressively presented town centre Hotel with many attractive features. Easy-to-operate business model with growing trade and strong projections. Prime trading location in ever-popular Grantown-on-Spey with year-round trade. Excellent customer service areas and facilities. Three quality letting rooms plus spacious owner’s accommodation.

The Strathspey Hotel is a well presented business within a traditional stone building enjoying a central trading location in the Edwardian town of Grantown-on-Spey. The vendors bought the Hotel in 2007 and have now finalised a major renovation and refurbishment programme transforming the building into a modern and vibrant business. The operating aspects of the property meet exceptional standards and the décor is impressive. In walk-in condition, this business is now being operated by the vendors and initial trading trends are most encouraging and it now represents a fine self-employment opportunity. The property has a most prominent position in the centre of Grantown-on-Spey benefitting from a prime, corner site with roadside frontage on to the busy High Street. The Strathspey is a fine example of an easily run, profitable “home and income” lifestyle business.

The modern and fresh facilities plus characterful bar present a tremendous setting and relaxing ambience. The business presently operates mainly on the wet sales aspects of the trade but the newly introduced catering service is flourishing. Without doubt, the modern kitchen and relaxing dining environment in the bar plus boutique style dining room will produce sound trading results either for the existing vendors or new operators in the months and years to come. The three letting rooms are all finished to a high standard and have been well received by a discerning clientele who demand comfort and style. Trade in the area is buoyant and the current business operators are now establishing themselves as a Hotel and venue of choice. The business, although in its embryonic stages of trading, has become established and is projected to become highly profitable. The excellent property, with comfortable owner’s accommodation, smart guest facilities and strong trading potential come together to form this well established hotel opportunity. New owners with some hospitality background could significantly add to turnover by driving the food aspects of the business. The Strathspey could easily be adapted into a number of trading models depending on the strengths of any new operator.

The Strathspey Hotel is situated in the centre of Grantown-on-Spey, most convenient for guests wishing to walk to the excellent range of nearby shops, restaurants etc. Grantown-on-Spey has a variety of facilities for visitors and sits at the confluence of three major tourism “trails” dedicated to golf, castles and distilleries. The Town has its own excellent 18-hole golf course and the area is home of the famous Boat of Garten Golf Course. The town is recognised as a centre of tourism within the Cairngorm Nation Park and with rugged mountains and lochs, the area hosts some of Scotland’s most spectacular scenery and with it a host of bird and wildlife. Miles of unspoilt countryside provide terrain to please walkers and climbers of all aptitudes. Sailing, water sports, and fishing are all available locally. The area is also renowned for its salmon fishing along the River Spey. Field sports and mountain biking are other popular pursuits and the proximity to Cairngorm Mountain Resort adds skiing to the list for the winter months. The increasing popularity of the area for winter sports complements summer tourism to drive strong year-round trade.

The present owners purchased The Strathspey Hotel in 2007 and have brought the business back into operation developing facilities and trade after a significant period of refurbishment. It is their desire to focus on other business interest that brings this excellent business to the market.

THE PROPERTY
Of traditional construction The Strathspey is a traditional stone building under a slate roof. The property has 3 floors and a beer garden to the rear.

PUBLIC AREAS
Entrance to the property is via a main door that leads both to the bar and restaurant. To the left is the spacious bar with both fixed and free-standing seating. The servery is made of dark wood with overhead spotlights. The wooden floor and stone fireplace provide a warm ambience and are complemented by a high standard of décor. To the rear of the bar there is a raised seating area which leads to the ladies and gents restrooms. In total the bar can seat in excess of 30 guests. A separate entrance also leads to a beer garden to the rear of the building which is paved. The boutique style restaurant also on the ground floor, known as ‘the Wee Roomy’ is superbly decorated to a contemporary style and laid to 16 settings. With an open stone surround fire, this room provides a most relaxing dining experience and also doubles as the breakfast room.

LETTING BEDROOMS
The Hotel currently has 3 superbly presented letting bedrooms on the first floor. These spacious rooms are presently configured to 3 doubles. The rooms are large enough to accommodate additional beds if required. The facilities are most comfortable and generally very spacious with central heating, television, hairdryer and tea/coffee hospitality trays.

PRIVATE ACCOMMODATION
The present owner’s accommodation is situated on the second floor and comprises of 2 rooms which can be used either as double bedrooms or as one bedroom and a living room. A washroom with WC and wash hand basin and a kitchenette are also available. The owners shower room is situated on the first floor. However, there are a number of options available to new owners should they wish to relocate bathroom facilities to the second floor subject to consents.

SERVICE AREAS
The Hotel benefits from a well-equipped commercial kitchen which has been completely refitted to a high standard. The Hotel has a good level of storage and a basement cellar.

GROUNDS
The Hotel is an end terrace property sitting at street level adjacent to the main pathway on two sides and a beer garden to the rear. There is ample on-road parking for guests and visitors, with a car park within a short walk.

SERVICES
Mains electricity, water and drainage. LPG gas for cooking. Electric heating.

TRADE
Full figures will be made available to interested parties subsequent to viewing.

PRICE
Offers over £325,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

FINANCE & LEGAL SERVICES
ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Head of Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have a large team of legal experts in-house and can act in all legal matters arising to include conveyancing and license transfers.

DIRECTIONS
Inverness 35 miles, Elgin 36 miles, Perth 96 miles and Aviemore 15 Miles
The Strathspey Hotel is situated on the main street within Grantown-on-Spey. – see map insert.

LICENSES
The business operates a license under the Licensing Scotland Act 2005 and a copy of this will be made available to interested parties post viewing.

VIEWING
All appointments to view must be made through the vendors selling agents:
ASG Commercial
York House
20 Church Street
Inverness IV1 1ED
Tel: 0845 4500790
Fax: 01463 711083

OFFERS
All offers should be submitted in writing to ASG Commercial with whom purchasers should register their interest if they wish to be advised of a Closing Date if one is set.