6 bedroom hotel for sale

Thistle Hotel 25-27 New Road, Milnathort, Kinross, KY13 9XT

Offers in Region of £350,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

The Thistle Hotel is a well-known and well established hotel located in the centre of the village of Milnathort. The hotel, as do many such hostelries in this sort of location, serves not only the local community well through its bar, catering and function facilities but also, with the attractively refurbished bedrooms, a range of visitors including commercial and tourist custom.

Milnathort, is well located, and easily accessible via the M90 and is close to significant population centres. The adjacent Loch Leven and nearby Lomond Hills are “landmarks” in the locality that all aide to identify Milnathort “on the map”. Plus, for the outdoor enthusiast there are many amenities that exist - gliding; RSPB Centre; fishing; golf, walking; cycling - all on the doorstep which attract many visitors to the area that brings benefit to the Thistle Hotel. Nearby in Milnathort iis the venue for “T” in the Park - Scotland’s Glastonbury - which annually brings swathes of visitors and custom to Milnathort.

The Thistle Hotel has been in the same ownership – a local company – since the 1980’s. The hotel is currently run under management but it is thought, now, it would be best in private ownership with resident owners who can maximise these excellent facilities. The Thistle Hotel offers a great opportunity for new owners maybe seeking their first foray into the licensed property/hotel sector.

THE PROPERTY

A traditionally constructed property, with an extension to the front, the Thistle Hotel has its principal accommodation on two main levels as follows.

PUBLIC AREAS

From the street the main entrance leads into a small hallway. To the left is the Artisan Bar, the hotel’s main bar which is a good size and L shaped, with a bar servery central to it, and includes a pool and games area to the rear. To the right of the hall is Mitchells Restaurant (45/50), the hotel’s main Dining Room which has a raised seating area and its own bar/dispense servery. On the first floor is a Function Room (80/100) which has its own bar servery.

LETTING BEDROOMS

6 Letting Bedrooms to sleep 13 (1 single, 4 twin zip and link, 1 family). All of the bedrooms have ensuite facilities (5 bath with shower; 1 shower only) and are located on the first floor and second/attic level of the hotel. All rooms are equipped with central heating, hairdryer, tea/coffee facilities, TV and served with WiFi.

SERVICE AREAS

Main commercial kitchen at first floor level. Walk in fridge. Linen store. At ground floor there is cellar and a range of other stores.

OUTSIDE

At the rear of the property, accessed from the main bar, is a fenced off decked area with picnic table seating. Also at the rear there is a sizeable private car park.

SERVICES

Perth & Kinross Council (01738 475000). Mains water, gas, electricity and drainage. Central heating from gas fired boiler.


LICENCE

Premises Licence

WEBSITE

www.thethistlehotelmilnathort.com

TRADE

The Thistle Hotel is operated under management. Trading figures extracted by the owners show for the year ended 31st December 2013 a turnover of £240,549 (net of VAT). Undoubtedly there is scope to increase on this particularly if the Thistle Hotel were owned and operated by resident proprietors.

PRICE

Offers around £350,000 for the freehold (heritable feuhold – outright ownership) property complete with goodwill and all trade contents (according to inventory) but excluding personal items. Stock at valuation.

OFFERS

All offers should be submitted to Colliers International with whom purchasers should register interest if they wish to be informed of closing dates.

FINANCE

Colliers International is able to assist by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW

All appointments to view MUST be made through the vendors’ agents who are acting with sole selling rights.


Energy Performance Certificates (EPCs)

Nearest station

  • Lochgelly (7.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Lochgelly (7.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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