Hotel/guest house for sale in Rosslyn Street, Kirkcaldy KY1
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Property description
The “lang toun” of Kirkcaldy is one of the largest towns in Fife, located on the Fife coast the town is home to around a population of 50,000 residents. The town is historically famous as the birthplace of economist Adam Smith as well as being formally the linoleum capital of World.
Nowadays, Kirkcaldy economy is dominated the by the service sector and the town is still the home to the “Links Market” the biggest annual street fair in Europe which comes to the esplanade every April.
The Elbow Room is located at the northern end of Rosslyn Street close to the A92, offering easy access to Glenrothes and the motorway network. Edinburgh, Dundee and Perth can all be accessed within an easy 45-minute drive, while Glasgow is 1 hour to the west.
The immediate area around the hotel is also undergoing significant expansion. A £500 million housing development began in 2019 with the building of 1000 new homes as well as a primary school and associated infrastructure. This development across the road from the business continues at a pace at present.
The Elbow Room is a well-managed and exciting opportunity for a buyer. The business is a great all-rounder is terms of trade, operating with strong bar and restaurant sales as well as a good B & B income. Our client has owned and operated the business since 2004 and has carefully restored and updated the business. At present the business performs very well but there is significant opportunity to expand the business further, especially with the arrival of nearly 1000 new homes in the immediate area over the next few years.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cornerstone Business Agents, and do not constitute property particulars. Please contact Cornerstone Business Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.