Leisure/hospitality for sale in Thistle Hotel, 25 New Road, Milnathort, Kinross KY13

• 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.