Well Established City Centre Hotel in Aberdeen
Bruce & Co is proud to announce the opportunity to purchase Soprano St Magnus Court Hotel. Sopranos is a well-established business situated in the centre Aberdeen and stands as unique and iconic landmark in one of the most popular capital cities in Europe.
- Established city centre hotel
- 29 bedrooms with a further three under construction
- Stylish & elegant bar with 02:00am license
- Expectational all year-round occupancy
The Sopranos boasts an extensive and proud history, originally being built in 1872 as Aberdeen’s first railway hotel. The hotel exterior is decorated with a granite façade and baronial spires. Within the property, there is a modern interior with stylish bedrooms and an elegant reception area, bar and restaurant.
The entrance lobby leads into a beautiful Florentine & Parisian designed bar and restaurant space on the ground floor. Guests services and reception area can be offered from either the ground floor or the mezzanine.
The cellar of the property offers a very large storage area which includes a; boiler room, drinks cellar, maintenance area, storage area and laundry room. Above this, the first floor is equipped with a meeting and function room, which can accommodate up to 30 people. Moving up to the third floor there is also the inclusion of a management flat that could be renovated to include more bedrooms. Currently, there are 22 double rooms and seven single rooms with another three under construction, which will bring the number of rooms to a grand total of 32 rooms.
Sopranos boasts a truly enviable location at one of the best spots in the city of Aberdeen, situated opposite Union Square Shopping centre and in the heart of the city centre. Located 50 metres from Aberdeen’s unique Transport Hub, which is complemented by a port, taxi rank and a direct airport link-bus that starts and stops right outside the hotel.
The city’s art galleries, cinemas and theatres are within five minutes’ walk from the hotel making it an ideal place to stay for people on holiday and tourists. The hotel is also based just on the gateway to the historical Merchant Quarter, home to the city’s best independent bars and restaurants.
Since the purchase of the hotel in 2005, each bedroom in the business has been refurbished with new fittings and bathrooms, along with new corridors and ceilings. In addition to this, the hotel also had a; new bar, kitchen, restaurant and bistro added in 2009.
There is a simple cost efficient but effective management structure that would allow new owners to take a backseat approach, however, they could explore more incremental opportunities with a more hands-on approach. In addition, there is also the potential to have another local hotel manage the day to day running of the business. The business trades 12 months a year, with tariffs ranging from £55.00 on weekends and from £75.00 to £350.00 per person at peak mid-week periods.
Soprano St Magnus Court Hotel has come onto the market for sale due to the current owners moving abroad. The business is available exclusively through Bruce and Co on a freehold basis for £1,000,000 for the property, fixtures, fittings and goodwill. The future looks very bright for the business with significant opportunities for growth and development.
To find out more details about this business please contact Bruce & Co on 0131 477 6060 or email firstname.lastname@example.org quoting the reference number, Ref: 43778.
Robin Gower: email@example.com
Alistair Watt: alistair.watt@ businessbuyers.co.uk
Telephone: 0131 314 0660
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Bruce & Co
Bruce & Co, part of Altius Group, is a specialist business broker working within Scotland. Altius Group is a market leader in business sale transactions for small to medium size enterprises. The group includes some of the most well-respected and leading business brokers in the marketplace. Altius Group offers a sector-specialist approach, tailored to the requirements of our clients. With over 40 years’ experience in business selling, we have a proven track record of delivering successful sales, constantly striving to surpass the expectations of our clients.
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