Offers Over 349,000 (Freehold) GLEN AVON HOTEL, THE SQUARE, TOMINTOUL, BANFFSHIRE, AB37 9ET

Offers Over 349,000 (Freehold) GLEN AVON HOTEL, THE SQUARE, TOMINTOUL, BANFFSHIRE, AB37 9ET

Substantial and popular Highland hotel within the thriving tourist village of Tomintoul central to the Cairngorm National Park Trading profitably (c 79,000 in 2017) from a prominent location facing the attractive village square, adjacent to the tourist information centre Attractively presented traditional and successful family-run business trading year-round presenting strong profitability with a flexible range of guest and service facilities Seven (6 en-suite) comfortable letting bedrooms with modern facilities 2-bedroom self-contained owner s accommodation within the hotel plus a 4-bedroom house by separate negotiation

DESCRIPTION The Glen Avon Hotel is a popular business situated in a prime trading location with a prominent frontage within the ever-popular village of Tomintoul close to Speyside and Royal Deeside. One of the highest villages in the UK, Tomintoul is an iconic holiday destination in its own right but also a popular access point between the northern and southern Highlands. The village offers a quality of life many individuals seek with its rural setting being surrounded by rugged mountains in all directions. There is strong evidence that the village is thriving with new businesses opening up plus a few local initiatives aimed at increasing visitor numbers and the provision of local services and attractions. The property is an attractive building and is well-signposted. The hotel offers flexible options for new owners but where they require additional family accommodation a 4-bedroomed house is also available by separate negotiation and details are available from ASG Commercial. TRADE The business is ideally located to benefit from the plentiful summer trade. In addition winter sports provision also generates excellent trade with skiing etc. offered locally both in the Cairngorms and at the Lech Activity area. The hotel is situated next to the Visitor Centre making it an ideal rest-stop. The hotel caters to a strong year-round demand from local residents and businesses, with tourism significantly increasing occupancy levels in the spring and summer seasons. The trading elements offer an easy-to-operate venture with a simple but highly effective business model. The current owners have traded at a consistently high level producing a solid turnover (c 295,000 in 2017), generating sound profitability (c 79,000 in 2017) with the support of a small team of staff. The hotel has many attractive features including a spacious and most comfortable bar / restaurant area, a private dining room plus there is a separate coffee shop area which is also utilised as a breakfast room. These areas cater for 70 people in the bar, 10 guests in the private dining room plus 26 in the café/ breakfast room. The bar area benefits from a pool table, gaming machines, TV and a juke box. The seven letting rooms are well-presented with good facilities. The existing trading model offers a good level of profitability but new owners may wish to expand the business by developing the café trade further. Income is drawn from the three traditional income streams: wet sales, food and accommodation. The food

trade is based upon a popular and traditional menu and there is scope to develop a more refined dining option for evening service where new owners have a penchant for catering. An attractive feature of the Glen Avon Hotel is that it offers great flexibility in operation. REASON FOR SALE The present owners bought the hotel in May 2005 and have enjoyed a rewarding and successful business to date. They have invested into the property throughout their tenure and in recent years have installed a new boiler and replaced aspects of roofing. It is their desire to relocate due to family reasons that brings this interesting and profitable venture to the market. LOCATION The business is ideally situated to take full advantage of the many self-catering holiday lets, bed & breakfasts and other hotels within the region. Tomintoul is 14 miles from Grantownon-Spey, 20 miles from Ballater and 30 miles from the Cairngorm Ski Centre, well suited to benefit from the trade passing between these key tourist hotspots. Glen Avon 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. 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 Of traditional stone construction under a pitched slate roof with a flat roof extension to the rear, Glen Avon Hotel is a substantial property built in the late 1800s. The style of this property is indicative of the era representing an attractive external façade with the internal aspects reflecting modern standards. Accommodation is laid out over two floors offering flexible trading and living areas. The business is fully compliant with food hygiene / fire regulations.

PUBLIC AREAS Entry to the hotel is from street level with three separate access points; one to the accommodation with adjoining doors to the public areas, one into the bar and the other to the front leading into the newly formed café. Entry into the main bar immediately shows the character and feel of the hotel. There are two stone fire-places; one of which is currently used. The bar is cosy with two areas off the main servery point which has a large counter and is well stocked with a range of beers and sundry items. The bar is set to soft furnishing and free-standing tables and chairs. Off the bar is a covered external seating area which is popular with smokers. Ladies and gents washrooms are located between the main bar and the front café area. There is also a dedicated disabled washroom. The owners have invested into making the café a modern and attractive venue and with wider marketing this could become a favourite venue. The café has a modern counter and coffee machine, benefitting from excellent décor showing off the original features including a stone fireplace. LETTING BEDROOMS The business has 7 very comfortable letting bedrooms as follows; FIRST FLOOR: Room 3 - Family (double and single beds) with en-suite shower room Room 4 - Twin/double (zip and link beds) with en-suite shower room SECOND FLOOR: Room 5 - Family (double and single beds) with en-suite bathroom with shower over Room 7 - Family (double and single beds) with en-suite shower room Room 8 - Double with en-suite shower room Room 9 - Twin with large private shower room Room 10 - Double with en-suite shower room All rooms have modern bathroom facilities, are comfortable and attractively furnished with televisions and tea/coffee making facilities. PRIVATE ACCOMMODATION The owner s accommodation is situated on the first floor and comprises of a double bedroom, a single bedroom, lounge and bathroom with corner bath. Where new owners require additional family accommodation a 4-bedroomed house is also available by separate negotiation. SERVICE AREAS The hotel has an excellent modern commercial kitchen which is well-appointed. There is a range of ancillary rooms off the kitchen for storage and pot-wash. It has a wide range of catering equipment to support a high level of food production and service with a walk-in refrigeration unit plus ample freezer storage. There is a laundry room plus ample general storage and a staff W.C. A beer cellar with good access for deliveries is accessed via the rear garden and is adjacent to the bar facilitating ease of operation. This cellar has just received a comprehensive refit. GROUNDS The hotel benefits from a corner site with the grounds set to the rear the subjects. There are two static caravans; one used for staff accommodation and the other for general storage. There is parking within the public square with additional car parking to the rear. There is a shed dedicated to the storage of hotel equipment. The driveway to the rear affords right of access for an adjoining cottage. SERVICES The business benefits from mains electricity, water and drainage. LPG gas central heating is provided in all bedrooms with oil fired central heating covering the owner s accommodation and bar. The property is mainly double glazed. There is a CCTV system in use for aspects of the business. EPC RATING The Energy Rating of the property is G. LICENCES The business has been granted a premises licence in accordance with The Licensing Scotland Act 2005 and details of the Operating Plan will be made available after viewing. TRADE Producing a solid level turnover (c 295,000 in 2017) and generating sound profitability (c 79,000 in 2017). Full trading figures will be made available to genuinely interested parties subsequent to a formal viewing.

PRICE Offers over 349,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation. WEBSITE www.glenavon-hotel.co.uk RATEABLE VALUE The rateable value of the property is 20,000 (effective from 01 Apr 2017) with a net liability 9,320. FINANCE & LEGAL SERVICES ASG Commercial Ltd is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Director Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a team of legal experts and can act in all legal matters arising to include conveyancing and licence transfers. DIRECTIONS See map insert. VIEWING All appointments to view must be made through the vendors selling agents: ASG Commercial Ltd, 17 Kenneth Street, Inverness, IV3 5NR Tel: 01463 714757 Mob: 07799896931 (Paul Hart) 07557785879 (Jackie MacGregor) E: info@asgcommercial.co.uk Web: www.asgcommercial.co.uk OFFERS All offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a closing date. HOTELS GUESTHOUSES LICENSED RETAIL OFFICES INDUSTRIAL UNITS 17 Kenneth Street Inverness IV3 5NR Telephone 01463 714757 Contains Ordnance Survey data Crown copyright and database 2016 www.bedandbreakfastsales.co.uk