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13 bedroom hotel for sale

1900. Davaar House, Grieve Street, Dunfermline, KY12

£640,000

Property Description

Commercial information

  • Business for sale

Key features

  • Occupies a beautiful detached stone-built Victorian villa in a popular residential area
  • Boasts easy access to the town centre and its many attractions
  • 10 en-suite letting rooms finished to a high standard
  • Restaurant - open to the public
  • T/O 162,000 per annum GP40%
  • 3 bed owners' bungalow to the rear of the hotel
  • A quality hotel with many excellent reviews online

Full description

Tenure: Freehold

Location
Davaar House Hotel occupies a beautiful detached stone-built Victorian villa in a popular residential area of Dunfermline. The hotel boasts easy access to the town centre and its many attractions, such as the abbey, where King Robert the Bruce rests. Dunfermline is an ideal base from which to explore the surrounding attractions, which include St Andrews and Knockhill Racing Circuit. The town boasts excellent transport links with the Rosyth ferry terminal just 4 miles from the hotel and easy access to the M90. Edinburgh lies approximately 15 miles south east of the town.

Business History
Preferred Commercial is delighted to offer for sale this popular 10-bedroom hotel, which has been in our clients' hands since 1989 and which is only now being placed on the market due to their wish to retire. The business is open for 46 weeks of the year closing for one month of the year and an additional 2 weeks at Christmas, generating a turnover in the region of 162,000 with a gross profit of 40%. The business also boasts a restaurant, which is open to the public. There is scope to increase turnover by opening the restaurant on Sundays and at lunch times and perhaps open the bar to the public. There is separate owners' accommodation housed in a bungalow to the rear of the hotel. The premises have been maintained to a very high standard throughout and boasts fire safe doors and a fire alarm system. Our clients have recently completed a thorough risk assessment of the business. We feel this represents an ideal opportunity to acquire a quality hotel in such a desirable location. Early discussions with Preferred Commercial must come highly recommended.

Financial Details
T/O: 162,000 approx.
GP: 40%

Opening Hours
Trades for 46 weeks per year

Accommodation Details
Substantial Victorian stone-built villa situated in its own grounds and with separate owners' bungalow. Briefly comprising:

Ground Floor
Guest lounge with bay window, ornate corniced ceilings, fireplace with marble surround
Dining room with 30 covers
Room 1: Twin/double with free WiFi, Freeview TV, large en-suite with corner bath, shower, WC and wash basin
Kitchen with 6-burner hob, double grill, 2 x microwave ovens, extraction system, freezer and fridge/freezer
Utility room with washing machine, dishwasher and wine cellar
Boiler room with back-up pump, 3 x refrigerators, 3 x freezers, linen cupboard and small office

First Floor
Room 2: Double bedroom with free WiFi, Freeview TV, en-suite with bath, shower, WC and wash basin
Room 3: Twin/Double bedroom with free WiFi, Freeview TV, en-suite with shower, WC and wash basin
Room 4: Double bedroom with free WiFi, Freeview TV, en-suite with walk-in shower, WC and wash basin
Room 9: Single bedroom with free WiFi, Freeview TV, en-suite with walk-in shower, WC and wash basin
Room 11: Double/twin bedroom with free WiFi, Freeview TV, large en-suite with bath, walk-in shower, WC and wash basin

Second Floor
Room 5: Single bedroom, with free WiFi, Freeview TV, en-suite with walk-in shower, WC and wash basin
Room 6: Double bedroom with free WiFi, Freeview TV, en-suite with walk-in shower, WC and wash basin
Room 7: Twin/Double bedroom with free WiFi, Freeview TV, en-suite with walk-in shower, WC and wash basin
Room 8: Twin bedroom with free WiFi, Freeview TV, en-suite with walk-in shower, WC and wash basin

Owners' Accommodation
3-bedroom bungalow situated to the rear of the hotel and briefly comprising:
Small office
Bathroom with double walk-in shower, WC and wash basin
3 x double bedrooms with walk-in wardrobes
Lounge with feature fireplace and patio doors to garden
Kitchen, recently refitted
Loft area, boarded out

External
Car park for approximately 14 vehicles
Garage
Storage sheds
Owners' private garden

Additional Information
New fire retardant doors and Wi-Fi smoke and heat detection alarm system fitted 2010 to comply with the Fire Prevention Regulations
New energy efficient hot water boiler fitted 2010

Tenure
Advised freehold





To view this property or request more details, contact:

Preferred Commercial, Nationwide

Lower House Farm Mansell Way, Horwich, Bolton, BL6 6JL

0844 871 1484 Local call rate

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