Offers In The Region of 495,000 (Freehold) RICHMOND ARMS HOTEL, TOMINTOUL, BANFFSHIRE, AB37 9ET

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1 Offers In The Region of 495,000 (Freehold) RICHMOND ARMS HOTEL, TOMINTOUL, BANFFSHIRE, AB37 9ET

2 Substantial and traditional Highland Hotel centrally located in the village of Tomintoul overlooking the village square Ideally located within the everpopular Cairngorm National Park Accommodation comprises; dining room to seat 40 covers, lounge/bar seating 40/50 covers and attractive wood paneled public bar with additional seating for letting rooms with en-suite / private facilities plus 2 bedroom owners / staff accommodation Recently refurbished and presented in good order throughout with ongoing investment

3 DESCRIPTION The Richmond Arms is a substantial hotel nestling centrally in the tranquil village of Tomintoul. Formerly used as a fishing and hunting lodge, the Richmond Arms Hotel is an imposing property built in 1858, with many splendid original features including ornate cornicing, ceiling rose, traditional staircase and original tiled flooring. Purchased in 2012 the present operators have established a sound business, and created long lasting connections with tour operators and booking agencies which have resulted in strong occupancy and forward bookings. Entrance to the property is via a substantial glass paneled wooden door leading from the square, reception is straight ahead and of note is the original tiled flooring throughout this area which is in excellent condition. The hallway benefits from being illuminated by a beautiful stained glass window and a large chandelier. An imposing staircase leads to the letting rooms. The business trades on the three traditional income streams of accommodation, wet sales and food service. A bright and airy dining room is located to the right of the entrance which is attractively presented and laid to new tartan carpet. An access leads through to the lounge bar which also features tartan carpet and has a mix of soft seating and bar seating, there is also an external access to this area. The main focus of the lounge is an imposing wood paneled bar counter which allows access to both the lounge bar and the public bar for ease of service. The public bar is a comfortable area, with curved wood paneling and features a pool table and dart board. The 25 letting bedrooms have been undergoing a programme of refurbishment, 30% of the rooms are completed, 23 of the 25 rooms have new carpeting and all 25 have new bathroom floor coverings. The letting rooms offer a mix of accommodation and are located over two floors. The corridors have also mostly been fitted with the new attractive tartan carpet. The hotel will also benefit from double glazing which will be fitted at the end of the season.

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5 LOCATION Tomintoul is 14 miles from Grantown-on-Spey, 20 miles from Ballater and 30 miles from the Cairngorm Ski Centre, well suited to take advantage of the trade passing between these key tourist hotspots. The hotel sits within the Cairngorm National Park and benefits from ski provision at the Lecht just 5 miles away, plus snow and ice climbing in the winter. More sedate outdoor pursuits such as bird watching and fishing also draw a great many visitors to the region who take advantage of the abundance of wildlife in the region. The area is also famous for its castles and distilleries which appeal to the more pedestrian tourist who can continue their odyssey of both the Highland and Grampian regions. The area is also renowned for its whisky production and sits on the whisky trail. Tomintoul itself is an attractive village with grand stone-built buildings. The 40-foot wide main street is part of the original design, as is the grassy square that forms the focal point of the village with a drinking fountain dating to Seven miles north of Tomintoul is Glenlivet, the best known distillery to visit in the area. Glenlivet is part of the Malt Whisky Trail and offers tours and visitor facilities that easily match the excellence of its location. Downhill Mountain Bike trails have just been opened on the outskirts of the village while the immediate area is well served with facilities and services for both locals and visitors alike. THE PROPERTY The hotel is of traditional stone construction under slate roof built circa The subjects are over three levels and a representative plan of the building is available from the selling agents.

6 LETTING BEDROOMS There are 25 good quality letting bedrooms, 23 of which have private/en-suite facilities. Of note are two rooms which share a fully disabled-compliant bathroom on the ground floor. The remainder of the rooms are set on the first and second floors. The majority of the rooms are large enough for double occupancy with some being suitable for family occupancy and some having double aspect views. Many of the rooms present superb extended views over the village and to the mountains beyond. Ground floor disabled access: Room 1 - Twin or Double shared bathroom Room 2 - Twin or Double shared bathroom First Floor All rooms are en-suite Room 3 - Family/Superking, 1 single or 3 single can accommodate a 4th bed Room 4 - Single Room 5 - Twin or double

7 Room 6 - Family/Superking, 2 single or 4 single Room 7 - Twin Room 8 - Single Room 9 - Single/Twin Room 10 - Double/Twin Room 11 - Twin Room 12 - Double/Twin Room 14 - Double/Family Room 15 - Single/Twin Room 16 - Twin/Double Second floor All rooms are ensuite Room 17 - Twin/Double Room 18 - Single/Small Double Room 19 - Double/Twin Room 20 - Twin Room 21 - Twin/Double Room 22 - Twin/Double Room 23 - Twin/Double Room 24 - Twin/Double Room 25 - Twin/Double Room 26 - Family/Superking, 1 single, or 3 single SERVICE AREAS The commercial kitchen is located adjacent to the main bar facilitating ease of customer service. This exceptionally well fitted out workspace comes complete with some good quality facilities, refrigeration / freezer units and food preparation aids. The kitchen has a spacious pot wash, dry goods store and immediate access to the rear of the property to enable ease of deliveries etc. The business benefits from excellent general storage with a garage to the side of the property. To the rear there is most spacious external storage. OWNER S ACCOMMODATION There are currently two rooms utilised as owner s accommodation with a family bathroom and private access. Where new owners require additional family rooms it is possible that a number of guest bedrooms could be converted to owners use.

8 GROUNDS The Richmond Arms Hotel is a substantial property with very limited grounds but is situated in the village square which is laid mainly to grass and set to views over the Cairngorm Mountains. There is ample public parking within the village square with 10 spaces immediately adjacent to the hotel. To the rear of the hotel there is suitable parking for owners vehicles. There is a garage / workshop to the side of the subjects. SERVICES The subjects benefit from mains electricity, water and drainage. Propane gas is used for cooking and central heating on the ground floor. TRADE Full accounting information will be made available to interested parties subsequent to viewing. WEBSITE EPC RATING This property has an Energy Performance Rating of G. PRICE Offers the Region of 495,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation. RATES The business has a Rateable value of 16,000. FINANCE & LEGAL SERVICES ASG Commercial Ltd is in touch with several lenders who provide specialist finance to the hospitality trade. We will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a large team of legal experts who can act in all legal matters arising. DIRECTIONS See location map. VIEWING All appointments to view must be made through the vendors selling agents: ASG Commercial Ltd, 17 Kenneth Street, Inverness, IV3 5NR Tel: Mob: (Paul Hart) (Jackie MacGregor) E: info@asgcommercial.co.uk Web: HOTELS GUESTHOUSES LICENSED RETAIL OFFICES INDUSTRIAL UNITS 17 Kenneth Street Inverness IV3 5NR Telephone Contains Ordnance Survey data Crown copyright and database