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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

Former hotel and bar in the village of Cuminestown in North East Scotland. Ideal position of being the only public house and accommodation in the village. Potential development opportunity (STPP).

***LOW GUIDE PRICE TO ENSURE SALE*** Amazing investment opportunity*** Potential residential developement (STP)*** Amazing lifestyle business opportunity for owner with onsite accomodation.

Public bar, lounge bar, commercial kitchen, dining room, function hall (250+) 5 bedrooms, bathroom. Potential to add 5 further bedrooms. Owner's accommodation. Large car parking area.

***Massive potential for residential development (STP) Recent sold prices. Altnabreac, Cuminestown- £315,000, May 2024. New Balthangie Cottage, Cuminestown- £146,500, Mar 2024***

***Supersized site in popular tourist area with multiple potential uses*** Reinstate and operate as a lifestyle business*** Develop into residential or new build (STP)***

Former hotel and bar in the village of Cuminestown in North East Scotland. Ideal position of being the only public house and accommodation in the village. Potential development opportunity (STPP). Family-run for 13 years, the hotel is now for sale due to retirement. The hotel is well positioned as the only public house and accommodation in the village, popular with various clubs both local and from further afield. There are 5 letting rooms with space for development of a further 5 with private accommodation on the second floor, or up to 10 with no private accommodation (STPP). 24+ cover dining room public bar, with separate lounge bar and 250+ capacity function hall. Fully fitted commercial kitchen. Large car park to the rear of the property. The Hotel comprises: Ground Floor Public bar Lounge bar Fully fitted kitchen Dining room Sitting room Function hall Reception First Floor 5 bedrooms Bathroom Shower Room Proposed second floor (floorplan in legal pack) 5 en-suite bedrooms Private accommodation setup with 3 bedrooms, bathroom, shower room, office and living room Cuminestown is a village in the Formartine area of Aberdeenshire, Scotland, and sits at the centre of the parish of Monquhitter. It is only 24 miles to Peterhead and circa 30 miles from Aberdeen Airport. Due to the location there is always demand for contractors and offshore workers' accommodation where food and drink can be provided. This is an incredible and hugely discounted opportunity for an owner-operator or multi-site operator to bring back the only pub in the village, whilst growing the accommodation income. The added benefit of rooms, kitchen and function capacity can increase the potential revenue substantially. With a public bar, lounge, dining room, function hall, reception bar, letting rooms and the future development potential - the property lends itself to multiple uses, including: Worker's Accommodation as meals can be included Pub/lounge and food offering Function hall catering for 20-250+ where required Close links to North Sea coast for tourism Large footprint, should a developer wish to demolish and build homes (STP)

Cuminestown is a village in the Formartine area of Aberdeenshire, Scotland, and sits at the centre of the parish of Monquhitter. It is only 24 miles to Peterhead and circa 30 miles from Aberdeen Airport. Due to the location there is always demand for contractors and offshore workers' accommodation where food and drink can be provided.

Full Address:  Commercial Hotel, Auchry Road, Cuminstown, AB53 5WJ

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Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £115,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 03 April 2025, 10am-3pm
Type: Timed Online Auction

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