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Elgin, Moray
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8 Albany Street, Edinburgh
EH1 3QB
t: 0131 473 1192
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The Square, Turriff, Aberdeenshire, AB53 4AE

£800,000Freehold

1010

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

10 Letting Rooms
3 Bed Owners’ Accommodation
70 Cover Bistro
Ample Parking
Excellent Reviews & Reputation
Freehold
Grade C Listed
Outside Dining Area
Private Dining Room
Turnover in Excess of ÂŁ1,000,000

Description

Located in the heart of the beautiful Aberdeenshire town of Turriff is the Fire Arms Hotel, a former coaching inn that dates back to the 18th century. Owned by the current proprietors since 2008 the hotel has been tastefully upgraded and extended. A 70 cover restaurant / bistro has become a destination dining experience in its own right. With an excellent reputation the Fife Arms would make an ideal acquisition for some one looking to purchase a bustling restaurant with rooms.


Turriff is a lively town and agricultural centre situated in the heart of rural Aberdeenshire surrounded by rolling countryside. Located approx. 45 minutes North of Aberdeen on the A947 route to Banff, 15 minutes South of Macduff, the town is an ideal base to explore the North East of Scotland and all it has to offer. The area has many attractions including castle, coastal and whisky trails, an abundance of links golf courses, fishery, and country clubs and of course the famed Turriff Show. The largest annual event held in Aberdeenshire, it is also the largest two day show in Scotland promoting Scottish agriculture and food industry. The river Deveron, one of the world famous Scottish Salmon Rivers after which Deveron Lodge is named, is also within walking distance and attracts fly fishing enthusiasts from all over the world. The town offers a wide range of shopping, business, and leisure facilities, together with primary and secondary schooling. National retailers exists alongside specialist shops and there is a library, sports centre, and swimming pool.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ4,209 /mo.25 Years, 5% Interest
Loan
ÂŁ720,000
Total Repay
ÂŁ1,262,714

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ28,500
0% up to ÂŁ150,000
1% between ÂŁ150,000 and ÂŁ250,000
5% above ÂŁ250,000
Your effective LBTT is 3.56%

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