Who will drop anchor in Fife?

Chance to snap up ‘rare’ quayside hotel in East Neuk

OPERATORS looking for a business by the sea might be interested in an East Neuk of Fife hotel which has come onto the market.

The Crusoe Hotel sits on the harbour in the village of Lower Largo – the birthplace of Alexander Selkirk, on whose experiences Daniel Defoe is said to have based Robinson Crusoe; and there are references to the classic tale throughout the hotel.

The property comprises 16 en suite letting bedrooms – all of which offer sea views – as well as two bars, a lounge and the Castaway restaurant.

There is said to be scope for further development, too.

The sale of the hotel is a rare opportunity to purchase a well-established business.

Planning permission was granted in 2010 for alterations and extensions to the hotel, according to selling agent Colliers International; while it said the permission will have lapsed, it is thought it could be resurrected upon a new application.

The Crusoe is said to attract a broad clientele, including holidaymakers, business travellers and golfers, with over 20 courses within easy reach of the hotel.

Owned by Stewart and Lesley Dykes since 2003, the hotel has been put on the market as the couple seek to down-size.

Alistair Letham, a director in the UK hotels agency team at Colliers International, said: “The Crusoe Hotel’s availability is a wonderful, indeed possibly rare, opportunity to purchase a well-established and popular business which new owners could easily develop further by putting their own style and stamp on this very attractive establishment.”

Colliers International is marketing the Crusoe Hotel with a price tag of offers over £900,000.