Hotel for sale

Elgin Hotel, Charlestown, nr Dunfermline, Fife, KY11 3EE

Offers in Excess of £650,000

Property Description

Commercial information

  • Business for sale

Key features

  • 15 bed detached hotel
  • Overlooking Firth of Forth
  • 160 capacity function room and wedding chapel
  • Lounge bar and restaurant
  • Potential development site
  • Energy Rating G

Full description

Tenure: Freehold

Description

The hotel is set within a two acre plot and is a detached two storey property of traditional construction. Built in 1912 the hotel is a popular wedding venue and has its own Chapel for wedding ceremonies.

Location

The Elgin Hotel is situated in the village of Charlestown on the north shore of the Firth of Forth, four miles south of Dunfermline. The surrounding area includes highly sought after residential locations, with views south and east over the water to the three impressive bridges, to include the new Queensferry Crossing, linking Fife with Edinburgh and the central belt of Scotland. The village is accessed via the A985 and is 10 minutes drive from the aforenoted M90 and Queensferry Crossing, with a drive time to Edinburgh of approximately 30 minutes.

Internal Details

The hotel reception leads to the all public accommodation throughout the building. The River View restaurant benefits from views out to the Firth of Forth, with moveable furniture available to seat 40 covers. The adjoining lounge bar has a further 50 covers surround a central bar servery.

There are various meeting and function options available within the hotel. The property benefits from a wedding chapel, a room adjacent to the main function room, with space for 70 guests. The function room can cater for 120 seated and 160 evening guests.

Ground Floor

The hotel also incorporates a full commercial kitchen, as well as ancillary storage and toilet accommodation.

Fixtures & Fittings

All fixtures and fittings required for the operation of the hotel are included within the sale.

Letting Accommodation

There are a total of 15 ensuite letting bedrooms, the majority of which benefit from sea views. The rooms are fitted to a comfortable standard and include TV and tea and coffee making facilities. The majority are set out as double or twin rooms with five family rooms available. The 15 rooms sleep a total of 36 people.

External Details

The hotel sits within a plot which we have been informed extends to approximately two acres. Private car parks are provided, one to the front and one to the rear of the main hotel building. A children's play area is provided adjacent to the hotel.

The Opportunity

The hotel has been independently owned and operated for a number of years and the owner is now looking to retire. The business benefits from a good local reputation and the sale will allow a new operator to re-establish the business within this location and benefit from the large catchment area.

Staff

The hotel is fully staffed and all members of staff will pass over to a new purchaser under TUPE legislation.

Trading Information

The hotel is independently owned and operated on a year round basis. Full trading details will be provided to seriously interested parties once a formal viewing has been arranged.

Development Potential

There may be potential for the development of the site, with historic consent provided for a detached four bed cottage on the rear side of the hotel.

Business Rates

The Rateable Value (2017) is £29,900

Regulatory

A Premises Licence is in place which will be made transferable to a new purchaser


More information from this agent

Nearest stations

  • Dunfermline Town (3.0 mi)
  • Rosyth (3.1 mi)
  • Inverkeithing (4.2 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.

Map & Street View

Nearest stations

  • Dunfermline Town (3.0 mi)
  • Rosyth (3.1 mi)
  • Inverkeithing (4.2 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.

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