Hotel for sale

St Michaels Inn, St Michaels, Leuchars, Scotland, KY16 0DU

Offers in Excess of £695,000

Property Description

Commercial information

  • Business for sale

Key features

  • Highly profitable business
  • 8 letting bedrooms, bar and restaurant
  • Function suite licensed for 140
  • Detached 3 bedroom owner's house & car park
  • EBITDA 130,000
  • Energy rating G

Full description

Tenure: Freehold

Description

A Tudor style rendered property, arranged over two floors, under a slate pitched roof with the first floor frontage having inlaid timbers.

Location

Situated in North Fife and occupies a prominent corner position. Tourism is strong and there are many golf courses in the area including Drumoig, St Andrews and Carnoustie just a short drive away. With around 40 courses in the county it is a major destination for golfers visiting Scotland. It is also a desirable residential area with many of the small villages particularly sought after.

Internal Details

Lounge (54) with dispense bar, public bar (19), small function room (40), main function room (140), ladies/gents/
disabled WCs.

Other Floors

Office, cellar, catering kitchen, staff WC.

Fixtures & Fittings

Fixtures and fittings are owned outright and included in the sale, apart from a small coffee machine and gaming machines which are rented.

Tenure

Freehold going concern.

Letting Accommodation

Eight en suite bedrooms comprising: Five double/twin, one single, one triple and one family suite with a double and adjoining twin.

External Details

Car parking to the side and front (50), terraced garden (26), workshop, storage shed.

Owner's Accommodation

Adjacent to the hotel is a detached house, arranged over two floors, with three bedrooms, dining room, lounge, kitchen and bathroom and separate WC.

The Opportunity

This is a first class business producing excellent profits but with potential for growth. The current owners have not developed the function side of the business which offers excellent facilities. The function rooms cater for all occasions and it is a popular high tea destination for coach companies and provides lunches for several tour operators over the summer months. On the accommodation side, there is a mix of tourist and golf trade from Monday to Friday with an average of two night stay. There is a good mix of trade from repeat business.

There is plenty of scope for growth, the nearest competition being either in St Andrews or Dundee. The business includes accommodation and as such the business would be suited to a hands on couple, with experience in the trade.

Trading Information

Turnover for Y/E July 2018 was £429,000 producing an EBITDA of £130,000

Business Rates

The Rateable Value (2017) is £36,500

Regulatory

Premises licence in place.


More information from this agent

Nearest stations

  • Leuchars (1.4 mi)
  • Dundee (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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

  • Leuchars (1.4 mi)
  • Dundee (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 5244763-fh. 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 Christie & Co , Edinburgh. 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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