property


Discover treasure island pub in Fife


Traditional bar and Highland guest house on the market A


TRADITIONAL pub in the heart of a historic Fife town has come on to the books of property agent Bruce & Co.


Milton House is located in the seaport town of Burntisland, which has a rich shipbuilding heritage. In 1633 a barge, the ‘Blessing of


Burntisland’, was carrying treasure belonging to King Charles I from Burntisland to Leith when a storm hit and the boat sank, taking the treasure and more than 30 of King Charles’ entourage with it.


There is scope to immediately increase the business’s turnover.


Described as an “extremely


profitable” business, Milton House has been put on the market to allow the current owners, who have owned the pub since 2003, to take semi- retirement. The property has traditional-style bar and restaurant areas, and owner’s accommodation on the first floor. Bruce & Co’s Lynn Courtney said the pub trades with a good mix of wet and food sales, although new owners could develop the food side of the business, which currently operates on a seasonal basis.


“This business is ideal for a couple or individual looking for that traditional village life with everything that it has to offer,” she said.


“The historical village has much


Milton House in Burntisland (above) has bar and restaurant areas and owner’s accommodation; while Inverour Guest House (right) in Spean Bridge has eight letting bedrooms.


character and this profitable business could be developed to increase the already large and loyal customer base.” Milton House pub is on the market at £310,000 for the freehold. Bruce & Co has also added a Highland guest house to its books. Located in Spean Bridge, near Fort William, Inverour Guest House has eight letting bedrooms, a residents’ lounge, conservatory and 18-cover breakfast room.


Courtney said the business, which is being marketed at offers over £399,000


for the freehold, offers potential for new owners to expand. “There is scope for an immediate


increase in turnover with lunch snacks, evening meals and possible licensing to serve drinks in the lounge area,” she said. “The business is for sale due to genuine, personal family reasons and is a fantastic opportunity for any prospective purchaser to build on a popular business with an excellent reputation.”


Savoy to change hands after 58 years


NEW owners are sought for a licensed cafe in Ayr for the first time in almost 60 years.


Located on Sandgate in the town centre, The Savoy was established in 1953 and has been owned by the same family ever since.


The 60-cover cafe is said to be


“extremely well-established”, with an “enviable” reputation for its home- cooked food and service. “I am delighted to be handling the sale of The Savoy cafe, which is something of an institution in the Ayrshire area,” said Christie & Co associate director Jonathan Clough,


40 - SLTN - November 24, 2011


who is handling the sale. “The business has a regular customer base of locals, office workers and shoppers, which is supplemented by the high volume of tourists and day- trippers who visit Ayr, particularly in the summer months.


“The popularity of the business is


reflected in the business’s healthy turnover and profits. However, The Savoy is currently run mainly under management so there is potential to increase trade further with a more hands-on owner/operator.” Offers over £60,000 are sought for the leasehold.


The hotel has eight letting bedrooms.


Call to Arms in Lanarkshire


A SOUTH Lanarkshire hotel close to the M74 motorway is up for sale.


Located in the village of Crawford, the Crawford Arms Hotel has a public bar, popular with locals, a pool room and 50-cover dining room. There’s also eight letting


bedrooms and separate two-bedroom owner’s accommodation. Christie & Co’s Graeme Smith, who is marketing the hotel with a price tag of £265,000, said it benefits from passing trade.


“Over the years the Crawford


Arms Hotel has built up an excellent reputation in the commercial market, especially among long and short haul trucking companies, which utilise this important facility throughout the year,” he said.


The Machan Vaults was sold by Belhaven.


Agent brokers pubco deals


The Savoy was established in 1953.


PROPERTY agent Ryden has completed two recent pub sales on behalf of pubcos Belhaven Pubs and Punch Taverns. Machan Vaults in Larkhall was sold to a private individual from an asking price of £160,000 on behalf of Belhaven. The pub has a ground-floor lounge bar and a three-bedroom first-floor apartment. In Aberdeen, Ryden handled the sale of Punch Taverns’ Schooner Bar, in Guild Street, to a private purchaser. The business was sold for an undisclosed sum from an asking price of £200,000.


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