Offers Over, £1,200,000
11 Merchant Street, PETERHEAD, Aberdeenshire
A wonderful opportunity has arisen to purchase a thriving guest house with a great reputation in the heart of Peterhead. Currently trading as a self catering guest house in the form of 8 separate dwellings with 30 multi-occupancy letting rooms between them, this business offers short and long term letting accommodation for the high numbers of professional personnel working in the area.
The business generates an excellent rental return in a locality that has witnessed a constantly high demand for such accommodation. The area benefits from year round trade and boasts potential to expand the business and take advantage of the demand for its services in the area.
8 Guest Houses
30 Letting Bedrooms
High Profit Margins
Outstanding lifestyle opportunity
Offers Over £1,200,000
Circa 30% ROI
The Guest House occupies a central location in the commercial coastal town of Peterhead, a few meters from the local amenities, facilities and services which includes a number of primary schools and a secondary school.
The property is well serviced with good road and public transport networks, being located 30miles north of Aberdeen just off the A90 a major coastal road in the northeast of Scotland passing through Aberdeenshire, Angus and Perth, providing links from Fraserburgh to Aberdeen and beyond.
The town has a diverse economy including food processing, textiles, service industries and fishing. It is fast becoming a major oil industry service center, playing a significant role in the development of North Sea oil and gas with significant industrial developments being introduced to the area including the world’s first full scale Carbon Capture Storage Project operated by Shell.
Peterhead has one of the UK’s most versatile ports serving a broad range of industries including oil and gas, renewables, fishing and leisure. With recent investments in the area and further developments within the energy sector planned, the demand locally for letting accommodation is sustainable and almost guarantees full occupancy.
DISCLAIMER: Whilst the foregoing particulars are believed to be correct, they are not guaranteed and do not form part of any contract. Prospective purchasers are required to satisfy themselves as to the correctness of the Particulars.