The George Hotel, 22 George Street, Montrose, DD10 8EW

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Profitable Town Centre Hotel • 25 en suite letting rooms • Function room (120) • Lounge bar (70) restaurant (50) • Rear private gardens and car park (20 spaces) • Energy Rating G • Christie & Co Ref: 5244894

Location: • Nearest Station: Montrose Station • Distance to Station: 0.3 miles

Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Full Description: DescriptionThe George Hotel is a substantial corner terraced property of traditional sandstone construction set over four levels to also include a rear extension of modern construction, all set beneath pitched and slated roofs. The hotel is a popular local institution with multiple income streams.LocationThe George Hotel is situated on George Street in Montrose town centre, with the immediate area including a mix of commercial, residential and retail premises. Montrose is a coastal resort town in the Burgh of Angus, some 30 miles north of Dundee via the A92 and 70 miles south of Aberdeen via the A90, on the east coast of Scotland. The town sits on a natural harbour, the Montrose Basin, and enjoys a three mile long beach overlooking the North Sea. The town benefits from a train station which lies on the Edinburgh to Aberdeen east coast line.Internal DetailsThe hotel entrance leads to the main reception, from which access can be taken to all public areas throughout the hotel. The property has been maintained to a good standard throughout and requires little capital expenditure.Ground FloorThe ground floor includes:Restaurant (50)Lounge (70)Function room (120)Fully fitted commercial kitchenToiletsAncillary storageOther FloorsThe letting accommodation is all situated throughout the upper floors, with a laundry room also provided at first floor level.Fixtures & FittingsAll fixtures and fittings required for the day to day operation of the hotel will be included in the sale.Letting AccommodationThe hotel benefits from 25 ensuite bedrooms, set over first, second and attic floor levels. The first floor includes 10 rooms, 11 rooms are provided at second floor level with the attic providing four letting rooms. There are six single rooms with the remaining 19 being either double or twin rooms.External DetailsAn enclosed garden area is available to the rear of the hotel accessed from the function room. This is popular for hosting parties and functions during summer months. The area includes a walled garden which is a popular setting for wedding photographs and drinks receptions. A private car park is situated across the road from the hotel with space available for approximately 20 cars.The OpportunityThe George Hotel is a local institution in the town of Montrose. Purchased by the current owners in 1990 they now wish to retire from the business and spend time travelling. The business is extremely popular with locals and visitors to the area and the sale presents a prime opportunity for a new owner to take on a profitable and established hotel. Little capital expenditure is required by an ingoing operator.StaffThe hotel is fully staffed and existing staff will transfer over to a new purchaser under TUPE legislation.Trading Information6 months Turnover to December 2021 at £500,674Business RatesThe Rateable Value is £64,900 (2017)RegulatoryThe EPC rating of G reflects the fact the property is a traditional Grade B listed building, constructed in 1814 and such a rating is not uncommon with a building of this age and nature.Energy Performance CertificatesEPC 1