FOR SALE
05/06/23
1313
SBA-0028 / Rightbiz
Previously known as the Fife Arms Hotel and more recently %u2018Thistle Dae Nicely%u2019, this impressive property on Main St, presents a chance to own and operate a restaurant with additional potential of letting rooms/owners accommodation.
The property is a large stone built property lying under a semi-pitched roof with extensions to the rear. The public accommodation is on ground floor whilst the letting bedrooms and owners accommodation are on the first floor level. Main entry to the business is via the front (street) as well as a separate entry for the business and the private accommodation at the side.
- 60 cover restaurant and bar Outdoor seating Off-street car park
- 2 bedroom apartment, 3 rooms with en-suite (requiring modernisation)
- Potential for owners accommodation and 4 letting rooms
- Only food & drink offering in the village
- Re-development opportunity due to large footprint
- No rates payable
The property requires modernisation in order to be successfully operated as a small hotel once again. With the right input, it could certainly become a thriving hub for the village as there is potential for a food & drink offering alongside the accommodation.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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