Colliers International is marketing two hotels in Aberdeen - one at a reduced price - in what it describes as an ideal time to buy into Scotland’s oil capital.
The licensed property specialist was already acting for the owners of the Aberdeen Northern Hotel as they intended to retire - now ill health has forced them to lower their asking price and consider offers over £1m.
Additionally, the city’s Bauhaus Hotel has hit the market for £1.4m. This modern, budget yet boutique style venture is located on Langstane Place, parallel with Aberdeen’s Union Street – the city’s main retail thoroughfare offering a plethora of restaurants and bars, live music and entertainment venues. The railway and bus stations are a little over five minutes’ walk away, while Aberdeen International Airport is reachable by taxi in around 20 minutes.
, a director in the UK hotels agency team at Colliers International, commented: “The changes to business trading, as a result of the fall in oil prices, and the effect it has had on hotel businesses in Aberdeen, has been well documented. However, recent indications suggest that hotel businesses are experiencing increased occupancy which is an encouraging sign.
“Undoubtedly, now is a good time to buy/invest into the hotel sector in Aberdeen, where experienced operators will see trade only going one-way; upwards.”
Aberdeen's Northern Hotel is a listed Art Deco landmark. Built in 1938, it sits in an imposing corner location on the northern side of Aberdeen, where its distinctive V-plan layout and bold curved angles make it a striking and memorable feature of the city. The 32-bedroom hotel remains a thriving business and is considered an outstanding example of the Art Deco style of architecture. It enjoys Historic Scotland's Category A listed building status.
As well as 32 bedrooms, sleeping 61, the hotel boasts restaurants, bars, dining and conference facilities, which make use of the unusual rounded Art Deco lines of the building. Its Mackenzie room and Ballroom combine to form a cinema-style curving function suite, capable of accommodating 200 people.
Selling agent Colliers International is inviting offers over £1,000,000 for the Aberdeen Northern Hotel, 1 Great Northern Road, Aberdeen AB24 3PS.
The Bauhaus Hotel is part new-build and part converted and has its principal accommodation over six main levels. This includes a restaurant, lounge bar and meeting facilities, as well as 39 en-suite letting bedrooms, to sleep 78.
Selling agent Colliers International is inviting offers over £1,400,000 for the Bauhaus Hotel, 52-60 Langstane Place, Aberdeen AB11 6EN.