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Description
Traditional village pub, restaurant, and boutique bed and breakfast located in the heart of Fife. The historic Falkland and Lomond Hills or the beach at St Andrews are all lovated nearby.
Features boutique double letting rooms (Pitlessie Rooms) equipped with modern amenities like Wi-Fi, coffee machines, TVs and private bathrooms. Popular Village setting in Fife, Scotland.
Serves seasonal Scottish, local, and European dishes using regional produce for lunch and dinner alongside a fully stocked public bar. The property features an outdoor seating area.
The letting rooms at The Pitlessie Village Inn offer family sized spaces with private bathrooms, tea and coffee makers and WiFi connections. Each letting room includes a work desk. Freehold Sale.
Located 21 km from St Andrews University and 6 km from Hill of Tarvit Mansion, the inn is also close to Falkland Palace and Garden (10 km) and Balgonie Castle (14 km). Dundee Airport is 33 km away.
Charming rural village of Pitlessie - Traditional village pub, restaurant, and boutique bed and breakfast located in the heart of Fife. Historic Falkland and the Lomond Hills and the beach at St Andrews all within half an hour. Ladybank Train Station approx. 2.7 miles. RENTAL AGREEMENT The annual rent is documented to be £30,000 per annum with a 6 month rent deposit. Tenancy details unverifiesd by auctioneer or vendors. Short Drive to Cupar providing all Essential Amenities. Great Commuter Links for Dundee, Edinburgh, Perth and beyond. Features boutique double letting rooms (Pitlessie Rooms) equipped with modern amenities like Wi-Fi, coffee machines, TVs, and private bathrooms. Popular Village in Fife. Located 21 km from St Andrews University and 6 km from Hill of Tarvit Mansion, the inn is also close to Falkland Palace and Garden (10 km) and Balgonie Castle (14 km). Dundee Airport is 33 km away. Serves seasonal Scottish, local, and European dishes using regional produce for lunch and dinner alongside a fully stocked public bar. The property features an outdoor seating area. The property summary: Ppublic house with 3 lettable rooms on the first floor. The property is not VAT Elected. Currently occupied (the teh sellers have not been able to complete an occupational lease with the tenant and cannot evidence a yield). Should the lease of whole complete, the annual rent is documented to be £30,000 per annum and the vendors hold a 6 month rent deposit.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: Annual
Rent: £30,000 per year / £2,500 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: The annual rent is documented to be £30,000 per annum with a 6 month rent deposit. Tenancy details unverifiesd by auctioneer or vendors.
Maps & Location
Map Street View SatelliteLocated 21 km from St Andrews University and 6 km from Hill of Tarvit Mansion, the inn is also close to Falkland Palace & Garden (10 km) and Balgonie Castle (14 km). Dundee Airport is 33 km away. Surrounded by scenic countryside, the village features a popular local inn and excellent community spirit, while lying just 4.5 miles southwest of the market town of Cupar. The location offers excellent transport links via the nearby A914 for easy commuting to Glenrothes, Dundee, and St Andrews, alongside access to high-performing local schooling and mainline railway links in Cupar.
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Pricing Information & Bidding
Opening Bid: £225,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
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General Terms & Conditions of Sale
Lot Specific Terms - The Pitlessie Village Inn, Pitlessie, Cupar