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Bruce Inn 23 High St

3 Room Hotel Falkland KY15 7BZ £495,000 (£165,000/Room) 6.30% Net Initial Yield

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Investment Highlights

Immediately opposite Falkland Palace
Prominent town centre location

On the site of a house first constructed in 1607 and used by the Royal Falconer
Great connectivity into Edinburgh and Dundee

Executive Summary

The previous tenant has recently left and as such vacant possession is available immediately. The owners would consider offers on a leasehold or freehold basis.
The Inn is well known locally and within the wider catchment area and would suit an owner-operator to re-establish the business within the popular village setting.
The 2nd floor includes an owner's or manager's apartment with lounge, kitchen, bathroom, and two bedrooms.

The Bruce inn brochure

Property Facts

Price	£495,000	Lot Size	0.50 AC
Price Per Room	£165,000	Building Size	2,433 SF
Sale Type	Investment	No. Rooms	3
Net Initial Yield	6.30%	Number of Floors	3
Tenure	Freehold	Year Built	1753
Property Type	Hospitality	Parking Ratio	1.64/1,000 SF
Property Subtype	Hotel	Corridor	Interior
Building Class	B

Price	£495,000
Price Per Room	£165,000
Sale Type	Investment
Net Initial Yield	6.30%
Tenure	Freehold
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	0.50 AC
Building Size	2,433 SF
No. Rooms	3
Number of Floors	3
Year Built	1753
Parking Ratio	1.64/1,000 SF
Corridor	Interior

Amenities

Restaurant

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Guest Room	3	£114.00	-

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