Thistle Hotel, 25 New Road, Milnathort, Kinross, KY13 9XT
- PROPERTY TYPE
Leisure Facility
- BEDROOMS
6
- BATHROOMS
6
- SIZE
4,872 sq ft
453 sq m
Key features
- Prime Property Auctions is excited to present an exceptional commercial investment opportunity, this thriving hotel, bar and restaurant located in sought after area in Kinross ***Guide of £300,000**
- Rental potentially could achieve £2,500 PCM/ £30,000 PA which provides an annual yield of 10% based on a guide price of £300,000. Rateable Value £17,900.
- The premises boasts approx 4,871.51 SQ FT with six beds with en-suites, a bar, public bar area, a commercial kitchen and two restaurants.
- Restaurant is licensed to serve both alcohol, hot food and is surrounded by local amenities including local shops, cafes, 9 hole golf course and local parks.
- Reduced by £125,000 the property previously marketed at £425,000, now being offered at a huge discount to ensure auction sale!
Description
- Prime Property Auctions is excited to present an exceptional commercial investment opportunity, this thriving hotel, bar and restaurant located in sought after area in Kinross ***Guide of £300,000***
- Rental potentially could achieve £2,500 PCM/ £30,000 PA which provides an annual yield of 10% based on a guide price of £300,000. Rateable Value £17,900.
- The premises boasts approx 4,871.51 SQ FT with six beds with en-suites, a bar, public bar area, a commercial kitchen and two restaurants.
- Restaurant is licensed to serve both alcohol, hot food and is surrounded by local amenities including local shops, cafes, 9 hole golf course and local parks.
- Reduced by £125,000 the property previously marketed at £425,000, now being offered at a huge discount to ensure auction sale!
Prime Property Auctions is excited to present an exceptional commercial investment opportunity, this thriving hotel, bar and restaurant located in sought after area in Kinross ***Guide of £300,000***
Rental potentially could achieve £2,500 PCM/ £30,000 PA which provides an annual yield of 10% based on a guide price of £300,000.
Hotel Bar currently produces £5000 PER WEEK!
Property Comprises:
GROUND FLOOR
Bar Area 12.70m (41'8”) x 8.00m (26'3”)
Restaurant One 12.00m (39'5”) x 9.70m (31'10”)
Office 2.90m (9'6”) x 2.80m (9'2”)
FIRST FLOOR
Restaurant Two 12.00m (39'4”) x 9.50m (31'2”)
Kitchen 7.80m (25'7”) x 4.80m (15'9”)
Bedroom 1 4.20m (13'9”) x 3.60m (11'10”)
En-suite 1 2.50m (8'3”) x 2.00m (6'7”)
Bedroom 2 4.50m (14'9”) x 2.70m (8'10”)
En-suite 2 2.50m (8'3”) x 2.40m (7'10”)
Bedroom 3 5.00m (16'5”) x 3.60m (11'10”)
Bedroom 4 5.00m (16'5”) x 3.40m (11'2”)
En-suite 4 2.70m (8'10”) x 1.70m (5'7”)
Bedroom 5 3.40m (11'2”) x 2.30m (7'7”)
En-suite 5 2.30m (7'7”) x 1.69m (5'7”)
SECOND FLOOR
Sitting Room 6.83m (22'5”) x 3.40m (11'2”)
Bedroom 3.60m (11'10”) x 3.00m (9'10”)
Shower Room 2.20m (7'2”) x 1.70m (5'7”)
Restaurant is licensed to serve both alcohol, hot food and is surrounded by local amenities including local shops, cafes, 9 hole golf course and local parks.
Services on site include mains water, gas, electric and drainage.
Property previously marketed at £425,000, now being offered at a huge discount to ensure auction sale!
Sure to appeal to investors looking for a rare property in sought after location
Potentially high yielding investment property.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
Location:
Milnathort, nestled in the heart of Perth and Kinross, presents a promising investment opportunity with its strategic location and potential for development. As a picturesque village surrounded by stunning countryside, Milnathort boasts a tranquil atmosphere and a strong sense of community. Its proximity to major cities like Edinburgh and Stirling, as well as excellent transport links, makes it an attractive destination for businesses and commuters alike. Investors can capitalise on Milnathort's expanding housing market, urban regeneration projects, and community initiatives to drive economic growth. Additionally, the village's charm, cultural attractions, and outdoor recreational opportunities create possibilities for leisure and tourism ventures. Investing in Milnathort offers both financial returns and the chance to contribute to the continued prosperity and enhancement of this beautiful village in Scotland.
Thistle Hotel, 25 New Road, Milnathort, Kinross, KY13 9XT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lochgelly Station7.6 miles
About the agent
Prime Property Auctions (Scotland) Ltd, Glasgow
126 West Regent Street, Glasgow, G2 2RQ
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
Industry affiliations
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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