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The Cowshed Raemoir Rd 17,337 SF 100% Leased Retail Building Banchory AB31 5QB $1,580,926 CAD ($91.19 CAD/SF)



INVESTMENT HIGHLIGHTS
- Offering Restaurant, Takeaway, Functions & Weddings
- Healthy Profit on Sustained t/o in excess of £800,000 (net)
- Variety of Established Income Streams
EXECUTIVE SUMMARY
The restaurant is truly one of a kind and is situated on the north side of Banchory in famous Royal Deeside. Banchory is an affluent busy community on the River Dee, only some 18 miles from the City of Aberdeen - where there is the International Airport. Deeside increased in popularity in the 19th century courtesy of Prince Albert's purchase of the Balmoral Estate at nearby Ballater, ensuring the continued perennial appeal of Royal Deeside to a myriad of visitors; all of which produces businesses to the local hotels. In addition, of course, Deeside is famed for its field sports, fishing; shooting; stalking; it can give huge benefit to the Cowshed, coupled with the ease of accessibility to Aberdeen. This unique hospitality business offers restaurant, takeaway, ice-cream, functions and weddings, covering almost all aspects of the industry. The Cowshed is a family owned and managed business. Over the years the family have significantly refurbished and upgraded the premises in order to host such a variety of income streams. Previously a chef school, The Cowshed boasts an impressive kitchen which in turn aids the multi-operational business. The availability of The Cowshed offers a new owner the opportunity to operate a multi-income stream hospitality business in an affluent, popular and well known part of Scotland. There is also the opportunity to redevelop due to the substantial size of the property, subject to the necessary planning consents. There is a development plan to build approximately 500 new homes close to the Cowshed, upon completion of the new residential site there is plan for more homes to be built. This increase in residents close to the Cowshed will only enhance the trade, introducing an entirely new set of customers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
17,337 SF
Building Class
B
Year Built
1980
Price
$1,580,926 CAD
Price Per SF
$91.19 CAD
Percent Leased
100%
Building Height
2 Stories
Frontage
188’ on A980
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The Cowshed | Raemoir Rd
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