For Sale Exceptional Four Star City Centre Hotel Edinburgh Glasgow Aberdeen Leeds London Manchester 130 St Vincent Street, Glasgow G2 5HF 0131 225 6612 0141 204 3838 01224 588866 0113 243 6777 020 7436 1212 0161 249 9778 Tel: 0141 204 3838 ww.ryden.co.uk 17-23 Market Street Aberdeen AB11 5PY Four Star hotel Exceptional standard of fit-out 32 ensuite letting rooms Aberdeen’s Premier Ballroom/ Function Room Guide price of £1,500,000 Location Aberdeen is a port city located in the north-east of Scotland, 65 miles north-east of Dundee and 100 miles south-east of Inverness. As the third largest city in Scotland, Aberdeen city has a population of 230,000 while the population of the larger Aberdeenshire area is estimated to be 260,000. St Nicholas Centre & The Rox Hotel is situated in Aberdeen City Centre in close proximity to both the main train and bus stations. It is ideally situated between the prime retail centres in Aberdeen with Union Square located immediately to the south with the St Nicholas Centre, Bon Accord Centre and Bus Station Union Street to the north. Union Square Description Train Station Internally the Rox Hotel comprises 32 en-suite bedrooms, a Grand Ballroom which can accommodate up to 180 guests, a café bar, lounge bar, private dining room and external terrace together with conference and boardrooms. All 32 bedrooms are tastefully decorated and comprise the following :- 2 suites 11 Executive double / twin rooms 14 standard double rooms 3 twin rooms (zip and link beds) 2 single rooms The Grand Ballroom is exquisitely decorated with an ornate ceiling and breathtaking chandeliers making it ideal for weddings and other events. The entrance hallway, reception and common areas are also very impressively fitted out with high quality fixtures and fittings throughout. In our opinion the standard of fit-out in the Rox Hotel is quite clearly the highest quality available within Aberdeen City Centre. Trading Information The subjects have historically recorded turnover in excess of £1.6million net of VAT. Current operational turnover is lower. Full accounting information will be provided to genuinely interested parties upon signing a Non-Disclosure Agreement. Rating Assessment The Rox Hotel has a current Rateable Value of £140,000, effective from 1st April 2017. The Rating Revaluation appeal is currently outstanding. Licence We have been advised the premises hold a full liquor licence. Energy Performance Certificate The energy efficiency rating is G. A copy can be made available upon request. The Opportunity This is an opportunity to acquire one of the best city centre hotels in Scotland. The Rox Hotel is in excellent walk-in condition however now requires a dedicated hotelier to achieve the turnover and net profit that is undoubtedly achievable. Tenure Guide price of £1,500,000 for the outright ownership interest including all fixtures and fittings. If preferred, the hotel can be purchased without the restaurant as the restaurant can be separated and operate independently from the hotel. The guide price for the hotel excluding the restaurant is £1,250,000. Legal Costs Each party will be responsible for their own legal costs incurred, with the ingoing purchaser being responsible for any Land & Buildings Transactional Tax, recording dues and VAT as applicable. Value Added Tax Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser must satisfy themselves independently as to the incidence of VAT in respect of any transaction. Viewing and Further Information The premises are currently occupied and trading and, as such, viewing is strictly by appointment only through the solely appointed agent : - Douglas Lambie Licensed Leisure Ryden LLP d. 0141 270 3144 m. 07909 092 642 [email protected] Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of th is property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or c ontract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property. .