Well-established Peterhead hotel, bar and restaurant business The Albert Hotel is on the market through Bruce & Co.
On the north-east town’s Queen Street, The Albert Hotel has been successfully trading with the current owners for over 20 years.
Comprised of ten bedrooms and four public rooms, all recently refurbished, the hotel also operates a bar and separate restaurant with a commercial kitchen, serving afternoon tea, retro high tea and takeaway lunches using fresh local produce.
The business is said to enjoy ‘an excellent reputation built on high-quality food and outstanding value’, and currently has a 4.5-star rating on Google.
As the largest fishing port in the UK, Peterhead sits at the most eastern point in mainland Scotland. Recent regeneration efforts across the town have fuelled demand for residential properties, serviced accommodation and HMOs. The Albert Hotel is positioned close to the town’s amenities, as well as Buchanhaven Harbour and the seafront.
On the market at a newly reduced price of £299,999, Bruce & Co said that the right buyer could either ‘build on The Albert Hotel’s existing success or take advantage of an outstanding development opportunity’ in an up and coming area.
