The subjects occupy a prominent position on the Southeast side of King Street, close to its junction with Queen Street, and to the town centre.

Peterhead is a traditional fishing town with a population of approximately 18,000.  Whilst the traditional industries have declined due to government restrictions, the harbour has a main base for the servicing of offshore installations.

The property comprises traditional licensed premises at ground floor level, with substantial accommodation on the first and second floors.  The building is predominately a two storey and attic property of traditional construction with more recent additions to the rear.

The lounge and public bar are located at the front of the building and have separate access, with the serveries on a back to back arrangement.  The kitchen and toilets are located to the rear.  There is a smoking area in the rear yard.

The upper floor accommodation, which has separate access is located on the first and second  floors and offer a purchaser the opportunity to refurbish/upgrade the accommodation to provide a bed & breakfast/letting room opportunity along with owners accommodation.

The property has been in the family for a period in excess of 35 years and has operated as a traditional ‘local’ bar with an established customer base.

The current licensing hours are as follows:-

Mon – Wed 11.00 am – 1.00 am
Thur – Sat 10.00 am – 1.00 am
Sunday  12.30 pm    11.00 pm

The business operates with one of the proprietors with a number of part time members of staff.

Income for the last financial year was in the region of £125,000 and this is primarily derived from wet sales.

The premises offer an ideal opportunity for the purchaser to acquire an established business with considerable scope to increase the turnover and net profitability.  The upper floors, at present, are configured to provide two flats on the first floor and four additional rooms on the second floor.

The upper floors offer a new owner the opportunity to increase the income by letting out one of the flats and the refurbishment and letting of the bedrooms.