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Guide Price
£371,000


SUBMIT OFFERS BY

09 May 2024, 3pm

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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

PRIME INVESTMENT OPPORTUNITY to purchase a thriving, well maintained hotel, bar and restaurant. EXCELLENT TRADING LOCATION close the centre of Milnathort, Kinross-shire. FREEHOLD.

Lounge, restaurant, public bar, function suite, commercial kitchen, public toilets andThe six en-suite double and family bedrooms are located on the first floor. MASSIVE FOOTPRINT.

The hotel's lounge, public bar area & restaurant are a popular choice with visitors to the area and benefit from the passing trade of campers, road trippers, hotel guests and day visitors to the area

The current owners have maintained the hotel meticulously. They have built & maintained good relationships with trades & have good processes in place making this an easy and lucrative investment.

MASSIVE POTENTIAL for continued use as B&B or Boutique Hotel and Restaurant to capitalise on the constant demand locally. Potential rental of over £35,000 per annum. Potential residential conversion.

PRIME INVESTMENT OPPORTUNITY to purchase a thriving, well maintained hotel, bar and restaurant. EXCELLENT TRADING LOCATION close the centre of Milnathort, Kinross-shire. This is a rare opportunity to purchase a thriving hotel, bar and restaurant. The hotel's lounge, public bar area and restaurant are a popular choice with visitors to the area and benefit from the passing trade of campers, road trippers, hotel guests and day visitors to the area. The Thistel Hotel is known by the locals for its quality restaurant menu, coffee and cakes, local ales and whiskeys, live music, karaoke nights and modern cocktails which is why the current owners have managed to grow and maintain such a loyal customer base. The bar shows live sports all year round, hosts a weekly karaoke night and has regular live music events, it's easy to see why it's so popular with local residents. The main entrance gives open access to the reception hall on the ground floor and situated to the front of the property you will find the welcoming lounge area and restaurant which is well known and highly regarded in the area for its high quality, locally sourced dishes. To the rear of the hotel is the public bar area and function suite, commercial kitchen and curved bar with a well-stocked gantry. There is both ladies and gents' facilities on the ground floor. The six en-suite bedrooms are located on the first floor and provide a variation of double and family rooms. The current owners have maintained the hotel meticulously. They have built and maintained good relationships with trades and have good processes in place making this opportunity an easy and lucrative investment. Overall, The Thistle Hotel is a thriving well looked after and loved investment at the heart of a popular Kinross-shire town providing the opportunity to work and live in the premises MASSIVE POTENTIAL for continued use as B&B or Boutique Hotel and Restaurant to capitalise on the constant demand locally. Potential rental of over £35,000 per annum. Potential residential conversion Tenure: Freehold. Services, mains water, gas, electric and drainage.

The Thistle Hotel is situated in Milnathort town centre and is surrounded by local amenities including local shops, cafes, restaurant facilities, specialist shops, 9 hole golf course and local parks. The Burgh of Kinross offers supermarkets, shops for everyday requirements, café, hotels, pubs, sporting facilities, Post Office, churches, local bus services, sports clubs and health care facilities. There is a park and ride facility beside Sainsbury’s supermarket offering express bus services to Edinburgh, Perth and Dunfermline. The extensive amenities of Dunfermline and Perth are accessible via the nearby M90 motorway and include excellent shopping facilities, retailers, banks, professional offices, sporting facilities, golf courses and recreational amenities. Edinburgh which is approx. 30 miles away offers superb facilities including shopping, leisure and cultural facilities as well as an International Airport.

Full Address:  Thistle Hotel, 25 New Road, Milnathort, Kinross, KY13 9XT

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Pricing Information & Bidding

Guide Price: £371,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

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