Hotel for sale

81 High Street - KY3

Under Offer £295,000

Property Description

Commercial information

  • Business for sale

Key features

  • Sought After Location
  • Lounge Bar
  • 11 Letting Rooms
  • FREEHOLD

Full description

Tenure: Freehold

Description
The Bankhouse Hotel is situated in one of the most desirable locations in the town and was formally known as the ?Old Bank?. The house sits proudly on a large plot and was approximately built in 1845. Burntisland itself is a town and former Royal Burgh in Fife, on the Firth of Forth. According to an estimate taken in 2008, the town has a population of 5,940.

Burntisland is known locally for its sandy blue flag beach, 15th century Rossend Castle and its traditional summer Highland Games Fair, which attracts 30,000 visitors to the town. Burntisland has a highly rated 18 hole golf course, a popular bowling green and a new leisure centre which includes a swimming pool.


Business
The Bankhouse Hotel is a well known local hotel/guest house that at the moment concentrates its efforts on servicing the local working trade. The current proprietors have placed the business on the market due to other business interests. Currently, the hotel offers a room only tariff without meals and this is one area new vendors may wish to develop as well as obtaining a new alcohol licence.


Public Areas
The breakfast restaurant has approximately 30 covers with the main bar area on the ground floor just off the main hallway, however, this bar is currently not trading. There are also ladies and gents toilets to the rear of the main floor. Overall, the hotel has an excellent mix of rooms that could be developed by new proprietors going forward.

Letting Accommodation
The 11 bedrooms are split over 3 floors with 3 bedrooms on the basement level, 4 on the first floor level and 4 on the second floor level. The bedrooms share a bathroom on each floor.

Owners Accommodation
The owners accommodation is located on the second floor of the property and consists of a lounge area and bedroom. This living area could be made into further letting rooms by new owners if they wish to accommodate the two bedroom detached chalet.

Tenure
The property is held on the Scottish equivalent of Freehold.

Accounts
All detailed information as to the current trading sales figures will be made available to seriously interested parties after a formal viewing has taken place. We have been informed that the current gross sales are around £30,000 per annum.

Legal
The business trades with the benefit of a full bar licence.

Price
Offers in excess of £295,000 are sought after for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Summary
The sale of the Bankhouse Hotel offers a great opportunity to purchase a well placed village hotel, which has a proven track record with a real potential to increase trade.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the sellers’ sole agents, Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 3140660.


Nearest stations

  • Burntisland (0.2 mi)
  • Kinghorn (2.4 mi)
  • Aberdour (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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 stations

  • Burntisland (0.2 mi)
  • Kinghorn (2.4 mi)
  • Aberdour (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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.

Disclaimer - Property reference 38054. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Bruce & Co. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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