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More details for 36 Harbour St, Elgin - Hospitality for Sale

Station Hotel - 36 Harbour St

Elgin, IV30 5RU

Hospitality for Sale
£290,000
1,620 sq ft

Restaurant

Elgin Hospitality for Sale - Hopeman

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.