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 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.”