36 Harbour St - Hospitality FOR SALE


Elgin, MRY IV30 5RU
$290,000 USD
134-361-4245
36 Harbour St, Elgin, MRY for Sale
$290,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

36 Harbour St
Elgin, MRY IV30 5RU


HIGHLIGHTS

  • Fully Licensed Bar
  • Popular with Locals
  • Opportunity to Increase Revenue

OVERVIEW

The Station in Hopeman operates as a thriving wet-led bar, catering primarily to the local community. This popular establishment has carved out a niche as a welcoming social hub, drawing in residents with its convivial atmosphere and well-stocked bar. While currently not serving food, there is ample opportunity to introduce a basic menu, which could potentially expand the customer base and increase revenue streams. The bar's success is underpinned by strong local support, reflecting its importance as a gathering place for the community. Its prime location in the picturesque coastal village of Hopeman also positions it well to capitalise on the area's growing popularity with tourists. The Moray Coast, with its stunning beaches and scenic beauty, attracts visitors year-round, presenting a steady influx of potential patrons. The six letting rooms on the first floor provide an additional revenue stream, catering to both tourists and work contractors in the area. These comfortable, en-suite accommodations offer a convenient base for those exploring the region or working on local projects. The rooms' partial sea views add to their appeal, potentially commanding premium rates during peak seasons. Furthermore, the property presents an excellent opportunity for diversification into the burgeoning Airbnb market. The combination of a charming coastal location, well-appointed rooms, and the convenience of an on-site bar could make The Station an attractive option for The Station offers a versatile business model with multiple avenues for growth. Its current success as a wet-led bar, coupled with the potential for food service expansion and the flexibility of its accommodation offerings, positions it as an attractive investment in Hopeman's hospitality sector.

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$179 USD /SF

# OF ROOMS

9

PRICE/ROOM

$32,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Station Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1850

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David PickeringCCL PropertyMore Info
134-361-4245

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David PickeringCCL PropertyMore Info
134-361-4245

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.