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Very Well Presented, High Profile Restaurant In Aviemore For Sale

Aviemore, Highland, UK
Asking Price:
£195,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Great opportunity in the Highland honeypot location. Licensed 90 cover restaurant/bar with outside seating area. High profile trading location on Aviemore’s main street next to main bus terminal, train station and taxi rank. Property forms part of Aviemore’s beautifully presented Victorian Railway Station. Lock-up business - turn-key and ready to operate. Very well presented with full commercial kitchen facilities. 2019 saw the restaurant undergo a full 6 month refurbishment to a very high standard. Attractive fixed overheads (ground rent £22,910). Lease until 2032 with opportunity to extend.

LEASEHOLD PRICE £195,000

Aviemore is one of the most popular tourist locations in the Highlands with the focus of the towns businesses geared around summer and winter tourism. The town is one of the most visited locations in Scotland throughout the year, with the population swelling especially during the busy summer season with visitors from the UK, Europe and Internationally.

The Highland Line Restaurant occupies a highly visible trading location with the building forming part of Aviemore Railway Station, located in the centre of the village directly across from Cairngorm Hotel. The town taxi rank and main bus terminal is directly outside the restaurant.

The property underwent a substantial refurbishment and upgrade in 2019. At the time the business was rebranded as The Highland Line and our clients invested in a modern and sympathetic refit to tie the business and property more effectively into its railway surroundings. The business is licensed and can comfortably cater for 90 covers. This opportunity provides purchasers with a well presented, ready to open and high profile restaurant occupying the best trading location in Aviemore.

The business is offered for sale on a ground lease from Scotrail. The annual rent is £22,910 and the lease terms are very similar to a standard lease except that the annual rental figure is expressly limited to being calculated at no more than 75% of market rent. The current lease runs to 2032 and it is likely that the landlord would be open to extending the lease period after the sale. More details will be made available after a formal viewing.

The asking price is £195,000 to represent the lease, goodwill of the business, all fixtures and fittings, bar and kitchen equipment.

Property Information

Property:

Leasehold

Lease Terms:

The business is offered for sale on a ground lease from Scotrail. The annual rent is £22,910 and the lease terms are very similar to a standard lease except that the annual rental figure is expressly limited to being calculated at no more than 75% of market rent. The current lease runs to 2032 and it is likely that the landlord would be open to extending the lease period after the sale. More details will be made available after a formal viewing.

Leasehold Rent:

£22,910 per annum

Location:

The Highland Line Restaurant occupies a highly visible trading location with the building forming part of Aviemore Railway Station, located in the centre of the village directly across from Cairngorm Hotel. The town taxi rank and main bus terminal is directly outside the restaurant.

Premises Details:

The property underwent a substantial refurbishment and upgrade in 2019. At the time the business was rebranded as The Highland Line and our clients invested in a modern and sympathetic refit to tie the business and property more effectively into its railway surroundings. At present the business is licensed and can comfortably cater for 90 covers with seating that can be adjusted in a flexible style. Upon entry, a well-equipped bar and gantry services the restaurant.

Service areas include well maintained ladies, gents and disabled toilets, a very well presented and extremely spacious commercial catering kitchen with distinct cooking, preparation and dishwash area. In addition, there is an attic area storage space as well as a beer cellar fitted with Heineken smart dispense.

Business Operation

Reasons for selling:

Previously, the business offered an all-encompassing day and evening food & drink menu providing the very best of home cooked Scottish produce as well as specialising in high quality spirits, cocktails, wines and beers. As a result of the Covid pandemic the business closed in March 2020. The prolonged period of lockdown restrictions has caused the owners to re-assess all of their business interests and they have decided to rationalise their portfolio.

Other Information

Related Documents:

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