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Sold STC

STATION HOTEL, BURGHEAD, ELGIN, Moray, Highland, IV30 5UD

£250,000Freehold

9

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

4 Bedroom Owners Accommodation
5 Letting Bedrooms
Amazing location on the Moray Firth Coast
Development Opportunity
Outstanding Views across Moray Firth and Local Beaches
Spacious Dining Room
Substantial Property
Vacant possession

Description

The Station Hotel in Burghead is a substantial property that is suitable for a variety of purposes. It has previously been run as a very successful and highly profitable small coastal hotel. In total it has 5 letting rooms, public bar and restaurant and owners' accommodation. The Station Hotel also has a considerable outside area that benefits greatly from some amazing coastal views.

The hotel has been leased for a number of years and is not being sold as a going concern. The property is in need of upgrading and modernisation. It is suitable for a wide variety of alternative uses and would also make an ideal development opportunity.

Services
The property has mains water, drainage and electricity.

Summary
The sale of the station Hotel offers a rare opportunity to purchase a substantial property in a charming coastal village. New owners could re-establish a thriving and bustling business that could cater to for tourism and the local community.

Alternatively the site could be developed for different uses such as self catering apartments, Air B'n'B or serviced accommodation. It would also be suitable for residential development.

Price
Offers in the region of ÂŁ250,000 are sought for the heritable property, fixtures and fittings of the hotel.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ1,315 /mo.25 Years, 5% Interest
Loan
ÂŁ225,000
Total Repay
ÂŁ394,598

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ1,000
0% up to ÂŁ150,000
1% between ÂŁ150,000 and ÂŁ250,000
Your effective LBTT is 0.40%

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