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Hotel for sale in ANGUS

£1,000,000 Freehold
  • 3 Stars from VisitScotland Town Centre Location
  • Popular Wedding Venue Conservatory Restaurant
  • 16 En-Suite Rooms Trades All Year Round
  • FREEHOLD
Ref. 40054

HOTEL for sale in ANGUS
Click to Enlarge HOTEL for sale in ANGUS HOTEL for sale in ANGUS
HOTEL for sale in ANGUS HOTEL for sale in ANGUS HOTEL for sale in ANGUS
HOTEL for sale in ANGUS HOTEL for sale in ANGUS HOTEL for sale in ANGUS
HOTEL for sale in ANGUS HOTEL for sale in ANGUS


SITUATION

The Panmure Arms Hotel is situated in the heart of the village of Edzell. Located on the High Street, the hotel is the focal point of the village.

Located only 40 miles from Aberdeen and Dundee and only 10 miles from Montrose, The Panmure Arms offers a well situated base for those visiting the north east of Scotland.

Edzell is a village in Angus, Scotland. It is located 5 miles (8 km) north of Brechin by the River North Esk. Edzell is a Georgian-era planned town with a broad main street and a grid system of side streets.


THE BUSINESS

The Panmure Arms Hotel is a busy business that has been run by the current proprietor since 1998. The hotel has been placed on the market due to the current proprietor’s wish to retire from the licensed trade. The hotel trades throughout the year from a good mix of accommodation, food and wet sales. The quality of the hotel is reflected in the number of awards it currently holds such as 3 stars from VisitScotland.

Additional marketing is carried out through its own informative website www.panmurearmshotel.co.uk. It enjoys much repeat custom, particularly due to its location. Many of the visitors include golfers, tourists, hunting parties and ‘special occasion’ visitors throughout the year. Although the hotel is trading successfully, it still has potential to grow income further.


THE PROPERTY

The Panmure Arms Hotel is a traditional style built hotel that is situated in the centre of Edzell. Internally, the hotel has over recent years been refurbished to a modern standard that exceeds its current rating and is offered in walk in condition. The property also benefits from a recently added conservatory restaurant/function suite that can sit up to 50 persons. The main entry is from the high street that leads into a reception hallway which in turn gives access to all accommodation and public areas.


EXTERNAL

The Panmure Arms Hotel benefits from its High Street location. The front of the hotel is straight to street with an integrated canopy area featuring picnic style seating. There is ample on street parking on the High Street and a customer car park to the rear.


SERVICE AREAS

As expected with a hotel the style and size of The Panmure Arms, there are extensive service areas including a well equipped commercial kitchen with dish wash area. Other service areas include cellar and boiler room.

Ladies and gents toilets are well appointed off the public areas.


PUBLIC AREAS

Situated straight ahead of the entrace vestibule is the main hotel reception decorated to a modern standard. To the left of the entrance you will find the snug private dining room, which can seat up to 10 persons. To the right of the entrance, you will find the Lindsay Suite, catering for up to 180 people. Located to the right and behind the reception, you will find the bar and lounge. Refurbished to a modern standard, this area offers a split bar and lounge area furnished with a mix of sofas and wooden tables and chairs along with bar stools round the bar. The room can sit around 60 covers.

Ladies and gents facilities are well located off the reception area.


LETTING ACCOMMODATION

There are 16 letting bedrooms, all of which have en-suite facilities. All rooms are of a modern standard and can be used as double/twins or family rooms. All include LCD televisions, tea/coffee making facilities and Wifi. Room tariffs start from £60 pp/pn B&B.


TRADING FIGURES

Accounts for the year end July 2011, show a turnover in excess of £650,000 with a gross profit of £450,000 (69% GP). Full trading information will be made available after a formal viewing has taken place.


SUMMARY

The sale of The Panmure Arms Hotel offers a rare opportunity to purchase a well established hotel, which is trading successfully but with potential for expansion of the business. It benefits from its location and reputation for good accommodation, functions, high teas and entertainment.


FURTHER INFORMATION

Should you require further information on this or any other property, please do not hesitate to contact us on 0131 477 6060.


For more information about this business please contact Bruce & Co on 0844 7011 811 or email info@bruceandco.co.uk