Ye Olde Hotel presents a unique opportunity to acquire an iconic and prominent building, serving as the community's focal point, with a rich history under only two ownerships since 1903. Ye Olde Hotel enjoys a prime location just 5 miles from St Andrews and is for sale due to the owner's retirement.
A well-established family run business, under the ownership of the Hendersons since 1969, this enterprise has flourished on a wet sales basis. With untapped potential for growth by introducing food and accommodation, the property is primed for further development. The property benefits from previously approved planning permission and Listed Building consent for internal layout alterations. These include a commercial kitchen, new toilets and a restaurant to add to the investment appeal.
Location
Leuchars benefits from excellent transport links including an airfield for private aircraft and a railway station on the main East Coast Aberdeen to London line. The town also enjoys excellent bus links between St Andrews, Dundee and Cupar. Leuchars' strategic location on the Fife Coastal and Fife Cycle Paths attracts many walkers and cyclists, which coupled with the nearby presence of the British Army and ongoing infrastructure investments enhances its appeal.
Accommodation
Ye Olde Hotel, an iconic Grade B 19th Century listed building comprises:
Ground Floor: Two public bars with traditional features, gents' toilets, refrigerated beer cellar and spirit store.
First Floor: Ladies' restroom, owner's lounge, modern domestic kitchen and four bedrooms
Second Floor: Two additional bedrooms, box room and bathroom.
External: Ample parking space with a covered seating area.
Additional Considerations:
- Adjoining gig house with planning permission for self-catering accommodation.
- Potential availability of additional land and buildings through separate negotiation.
Terms
Price - Offers over £445,000
Specification
- Prominently positioned in a prime location between St Andrews and Dundee on the main thoroughfare
- 19th Century B Listed building extending over 3 floors boasting approximately 3639 sq ft.
- Gig House with approved planning permission for Self-Catering accommodation
- Currently thriving on wet sales only, with substantial potential for expansion
- Fantastic investment opportunity