Prestigious restaurant with rooms near St Andrews available freehold or leasehold

Built in the 18th century, The Peat Inn has a rich history spanning more than 250 years, having previously operated as a coaching inn, hotel and public house. The business has been owned and operated by Geoffrey and Katherine Smeddle since 2006, who recently celebrated 20 years at the helm of the business, establishing The Peat Inn as one of Scotland's most respected hospitality destinations.

The restaurant comprises three elegant dining rooms, providing intimate dining spaces for around 50 covers. During their ownership, Geoffrey and Katherine have undertaken extensive refurbishment and modernisation works, carefully enhancing the property while preserving its original character and charm, including the feature fireplace within the reception area.

The property also benefits from eight luxury letting suites, a sizeable four-bedroom owners' home, landscaped gardens and private customer parking.

Located approximately six miles from St Andrews, the hamlet of Peat Inn takes its name from the business itself. The venue enjoys an exceptional reputation and attracts guests from across Scotland, the UK and overseas, making it one of the country's most established destination hospitality businesses.

The owner Geoffrey Smeddie says, “Owning my own restaurant and achieving a Michelin star was a lifelong ambition. Having had the privilege of being the chef and owner of The Peat Inn for over 20 years, and with the restaurant continuing to perform at a high level, I feel this is the right time to pass the opportunity on and explore a new chapter.”

Simon Watson, Senior Business Agent at Christie & Co, who is managing the sale, comments,

"The business is available either as a freehold acquisition or on a new leasehold basis by negotiation, providing flexibility for a wide range of buyers. The freehold opportunity will appeal to those seeking long-term ownership of a landmark hospitality asset, whilst the leasehold option offers a more accessible route for experienced operators and ambitious chef-owner occupiers looking to take on an established and highly regarded business.

“With its exceptional reputation, luxury accommodation, owners' accommodation and enviable location close to St Andrews, The Peat Inn presents a unique opportunity to build upon an already successful operation. Opportunities of this calibre are exceptionally rare, and we expect strong interest from across the hospitality sector."

The Peat Inn is on the market with a freehold guide price of £1,950,000 while lease terms are also available.

For more information visit the property page here: https://www.christie.com/5265446/

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