A Well Presented Multi Income Stream Hotel With Huge Potential (ref 1779)

Attractive and fully refurbished business, ideal for hands on ownership. Well presented bar (30), attractively presented restaurant area (24). 6 Well presented bedrooms (all ensuite). Hugely impressive letting rooms all double sized including 1 bedroomed apartment with kitchen. Well equipped kitchen and service areas. Prominent trading location close to train station in expanding Fife Town. Rateable value for April 2023 £19,600. Outdoor seating area to front.

FREEHOLD Guide price £350,000.

Markinch has its own distinct identity, however, with increased new build housing the town is now part of Glenrothes, which has expanded east to meet. Markinch is a well-regarded town with a population of circa 3000 residents, that has grown recently with continued housebuilding on the outskirts. The town was historically known as a paper making town as well as for its large whisky bottling plant.

The hotel enjoys a prominent location at the southern end of the high street, directly opposite the train station. Markinch train station offers regular services to Edinburgh as well as being on the East Coast Mainline with daily connections to London and other English cities.

The bar can cater for 30 covers and has an area with pool table and large screen televisions. This area offers access to the outside beer garden. The restaurant is located directly across the hall from the bar. Currently set up for 24 covers, this area has several flexible uses beyond a restaurant. The space easily adapts to a function or event space, ideal for funerals, business meeting or family celebrations.

The letting bedrooms are all located on the first floor. Our clients have invested heavily into the bedrooms and are presented to a very high level. There are a total of 6 double sized letting bedrooms all with ensuite facilities. One of the letting bedrooms is offered as a small self-contained flat with bedroom, bathroom and kitchen. This could easily revert to owners’ accommodation if required.

The property and business were purchased by our clients in 2021. Our clients run a retail and property investment company and leased the hotel to an operator when they purchased. Our clients have recently taken over the running of the business once again and have maintained the excellent trading of the letting bedrooms as well as reopening the food and bar side of the business. The letting bedrooms are popular with visitors, tourists, golfers as well as people working in the area.

New owners with an interest in food will enhance the already well-established accommodation side of the business alongside a busy bar and restaurant. This is a huge opportunity for new enthusiastic owners to make their own stamp and take over a business with significant trading potential.