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Bruce Inn 23 High St 3 Room Hotel Falkland KY15 7BZ $920,657 CAD ($306,886 CAD/Room) 6.30% Cap Rate

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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.

PROPERTY FACTS

Price $920,657 CAD
Price Per Room $306,886 CAD
Sale Type Investment
Cap Rate 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
No. Stories 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 $212.03 CAD -
  • Listing ID: 31673912

  • Date on Market: 2024-05-02

  • Last Updated:

  • Address: 23 High St, Falkland KY15 7BZ

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