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24 bedroom hotel for sale

Lomond Hills Hotel High Street Freuchie Cupar Fife KY15 7EY

Offers Over £845,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

INTRODUCTION

The Lomond Hills Hotel, with its origins in the mid 18th century, is typical of many old inns in the country districts of Fife and occupies a readily visible position in the centre of the village. Freuchie, a quaint village set amidst rich Fife farming countryside, is in the shadow of the well known Lomond Hills and has a good location in the centre of Fife easily accessible for visitors to a range of tourist attractions including the nearby Falkland Palace and of course the golfing "mecca" of St Andrews - indeed there are 56 golf courses within a 25 mile radius of the hotel!. In addition it is close to the major commercial centre of Glenrothes, where a number of significant companies are based, as well as within easy distance to a range of other well known commercial enterprises based in Fife.

The Lomond Hills Hotel has everything you would expect of a village hotel and indeed more. With its good range of bedrooms it ensures that the hotel can attract and deal with a cross section of custom, at the same time, and the property has an excellent choice of bar, restaurant and lounge facilities, plus the function room. Added to this is the leisure complex facility where there is a swimming pool and gymnasium popular with locals and visitors to the hotel, alike. Not surprisingly the Lomond Hills Hotel enjoys a healthy cross section of custom from the likes of the traditional tourist and visitor; golf visitors; local custom to the bar and catering facilities; and the amount of commercial custom associated with local businesses in the Fife area.

The Lomond Hills Hotel is an ideal acquisition for resident proprietors seeking a good quality business, with established income, in an attractive location or indeed for small companies to add to their portfolio. The vendors have owned the property since 2003 and with a decision to develop other business interests are offering the Lomond Hills Hotel for sale.


THE PROPERTY

The Lomond Hills Hotel was established in 1733 as an 18th century coaching inn. The intervening years have seen many changes and improvements and the accommodation which is in 2 main levels now comprises briefly as follows.

PUBLIC AREAS

Main entrance from the car park, at the rear of the property, to the Entrance Hallway and Reception Counter. To the left of the hall is the main Lounge Bar, an attractive room with mahogany carved bar servery and livingflame open fire. To the right is the Cobblers Restaurant (30) with dispense servery and the adjoining Breakfast Dining Room, two rooms adjoining, with the middle room accommodating 20 covers and the main Breakfast Room accommodating 30 covers. There is a central Lounge area in the hotel, with gas fire often used as an overflow Bar Lounge. Conservatory Lounge area (40) utilised by residents or for private meetings. The Adams Suite - the hotel's principal Function Room - can accommodate around 180 and has its own bar servery and facilities. On the first floor there is a private Residents Lounge.

LETTING BEDROOMS

24 Letting Bedrooms to sleep 50 (13 double; 5 twin; 4 family; 2 single). All of the rooms have ensuite facilities (13 bath with shower over; 11 shower only) and are equipped with central heating, trouser press, flat screen TV, radio alarm, direct dial telephone and tea/coffee facilities.

LEISURE FACILITIES

The hotel has a leisure suite with a 10 metre swmming pool, Jacuzzi and sauna. On the first floor there is a gymnasium and separate treatment room. Separate ladies and gents changing facilities plus separate toilets and shower at first floor level.

SERVICE AREAS

Main commercially equipped kitchen with prep area. Wash up area alongside kitchen. Walk in fridge and freezer. Dispense kitchen adjacent to breakfast room. Laundry. Wine spirits/spirit store. Cellarage. Staff room. Staff toilet. Management office. Secure gun cupboard.

STAFF ROOM

Within the hotel there is one staff bedroom. (In addition there are a range of storage rooms that could be, if need, converted to bedroom accommodation whether for staff, resident managers/ owners).

OUTSIDE

To the rear of the main hotel there is a good sized private car parking area.

SERVICES

Fife Council (01592 414141) Mains electricity, water, gas and drainage. Central heating from gas fired boilers.

LICENCE

Premises Licence.

WEBSITE

www.lomondhillshotel.com

LISTINGS

VisitScotland 3 Star Hotel

TRADE

Trading accounts for the year ended 31st May 2016 show a total turnover of 598,275 (net of VAT). Trading accounts will be made available to genuinely interested purchasers, preferably after viewing.

PRICE

Offers around 845,000 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 prospective purchasers 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.

DIRECTIONS

Glenrothes 5 miles, St Andrews 18; Perth 19; Edinburgh 36.

See location map for directions.


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