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Kirkton of Skene, Westhill, Aberdeenshire, AB32 6XE

Offers In Excess Of £250,000Freehold

2

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

2 Bed Owners Accommodation
Expansion Potential
Fully Fitted Commercial Kitchen
Fully Licensed Business
Public Bar & Lounge Bar
Turnkey Business Opportunity

Description

CCL is delighter to offer for sale The Red Star Inn, a popular bar in the village of Kirkton of Skene in Westhill, occupying a prime trading location with very little competition. The property has been well maintained and upgraded throughout and benefits from owners’ accommodation above. There is a fantastic opportunity for new owners to create a highly profitable business.

The Red Star Inn in the village of Kirkton of Skene, Westhill holds significant untapped potential. Occupying a prime trading location with scarce competition, the property includes owners' accommodation. This presents an exciting opportunity for new owners to revitalize and transform the establishment into a highly profitable venture. To leverage this potential, aspiring proprietors may consider to use the commercial kitchen and establish a new restaurant. 

Price
Overs over ÂŁ295,000 are sought for this heritable property, fixtures, fittings and goodwill of the business. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale.

Trading Figures
As the business was previously leased there is minimal financial information available.

Tenure
This property is held on the Scottish equivalent of freehold.

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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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