Kirkcaldy hotel on sale for £1.1 million

Victoria Hotel, Kirkcaldy
Victoria Hotel, Kirkcaldy
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A successful Kirkcaldy hotel has gone on the market for offers in the region of £1.1 million.

The 21-bedroom Victoria Hotel in Victoria Road - a popular venue for weddings, is being marketed by Colliers International (Hotels), Edinburgh.

The news follows the sudden closure of the Strathearn Hotel in May, which went on the market by Graham and Sibbald last week for ‘offers invited’.

Unlike the Strathearn, however, the Victoria Hotel enjoys a healthy turnover and is being sold as a going concern.

The Victorian mansion house was built for the well-known furniture manufacturer A.H. McIntosh and was converted into a hotel in 1948.

Following a number of extensions, it now houses a function room, bar and restaurant.

The hotel has been in the same family for more than 30 years but Colliers said it had been put up for sale after a change in family circumstances and the need to concentrate on other business interests.

In the sales particulars, Colliers states: “Management accounts for the year ended December 31, 2014 show a turnover of £927,964 (net of VAT). This is similar to previous years.

Colliers added: “The business is well-established but there is scope for further growth, particularly if operated by hands-on proprietors.”