Braemar Gallery

• SITUATED IN THE HEART OF THE CAIRNGORMS NATIONAL PARK AND ROYAL DEESIDE
• LONG ESTABLISHED BUSINESS IN PROMINENT AND ATTRACTIVE BUILDING
• INCLUDES RESIDENTIAL PREMISES

LOCATIONSituated in the heart of the Cairngorms National Park, Braemar is a very special village. Voted one of the best places to live in the UK by the Times in 2022 and home to The Fife Arms Hotel an internationally famed destination attracting art lovers from around the world.A small village with a big reputation, Braemar is home to the internationally renowned Braemar Gathering, the annual highlight of the highland games programme, attracting visitors from far and wide and patronised by the King and Royal family whose estate of Balmoral is nearby.Braemar offers a unique blend of natural beauty, rich history, vibrant culture, and a welcoming community.DESCRIPTIONThe property occupies a prominent corner position on the main thoroughfare throughthe village.Operated as an art gallery for almost four decades, the current owner has developed the business over the last twenty-five years specialising in Scottish artists and printmakers.The building was extended around twenty years ago, enlarging the retail space and incorporating a small apartment comprising kitchen/living, shower/wc and bedroom with an outside deck. This is no longer used for residential purposes and the bedroom has been incorporated with the workshop, but this could potentially revert to providing owner’s accommodation. In addition, there are substantial storage areas at basementlevel providing useful accommodation, having been used recently as a music studio.THE BUSINESSThe current owner has developed relationships with many Scottish artists and printmakers creating exhibitions to host and displaytheir work for sale on a commission basis. In addition, the owner previously offered a picture framing service, and the specialist framing equipment may be available for a purchaser wishing to continue this ancillary business.Copies of historic accounts can be made available to seriously interested parties. Completion of a Non-Disclosure Agreement (NDA) may be required.METHOD OF SALEOur clients are seeking offers in excess of £300,000 for their freehold interest in the property and associated business. Owned stock will be transferred at cost.In the event matters proceed to a closing date, interested parties will be notified and requested to submit a heads-of-terms offer.Galbraith will issue the required form of offer to interested partieson notification of the closing date. The form of offer will include the minimum information required and timescales.We recommend that interested parties note their interest in the property in order to be kept informed of any closing date and to receive any additional pertinent information.Interviews may be held with selected bidders. Once a preferred bidder has been selected it is expected that an offer to sell will beissued by our client’s solicitor.