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Investment property - Village Inn and B&B

Pitlessie, KY15 - Get Access

Description

Investment property comprising a substantial part two-storey and part single-storey constructed village inn located within the charming rural village of Pitlessie in the heart of Fife. The subjects include a traditional village pub, restaurant, and bed and breakfast accommodation. The ground floor features a public bar, restaurant, kitchen, W.C, breakfast room, and ancillary storage, while the first floor provides letting bedroom accommodation consisting of 3 boutique double letting rooms equipped with modern amenities such as Wi-Fi, coffee machines, TVs, and private bathrooms. Externally, the property benefits from an outdoor seating area. The property is held on a freehold basis (outright ownership of the heritable interest) and is currently occupied, with a documented annual rent of £30,000 per annum under proposed tenant Bake Scotland Ltd (note that the occupational lease has not completed and sellers cannot evidence a yield). The premises licence does not automatically transfer with the property, and the sale does not include the restaurant or Pitlessie Rooms business or assets not owned by the landlord. The net area is approximately 427.93 sq.m (4,606.20 sq.ft). Situated in a popular village setting just 4.5 miles southwest of the market town of Cupar, the property is surrounded by scenic countryside and offers excellent community spirit alongside great commuter links via the nearby A914 for easy commuting to Glenrothes, Dundee, Edinburgh, Perth and beyond. Ladybank train station is approximately 2.7 miles away, and Dundee Airport is located 33 km from the property. The historic Falkland Palace and Garden, Lomond Hills, Hill of Tarvit Mansion, and Balgonie Castle are all located within a short drive, and St Andrews University and beach are within half an hour of the property.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 4,606 sq ft (Listing)

The subject property is a substantial village inn located in the rural Fife village of Pitlessie, offering mixed hospitality and bed and breakfast accommodation. Spanning an estimated 4,606 sq ft, the building is presented in good condition (7/10) with traditional trading areas and boutique letting rooms. Valuation is derived from regional commercial property benchmarks and local hospitality capital values per square foot.

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