The Palace Bar, 15 East Princes Street, Rothesay, PA20 9DL
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Bar / nightclub for sale
Description
FOR SALE BY ONLINE AUCTION THURSDAY 16TH MAY 2024 AT 9.00AM.
Online Property Auctions Scotland are delighted to present this fantastic opportunity to purchase the Palace Bar in Rothesay town centre, which is being sold due to the retirement of the current owner. The bar has a long standing solid reputation and enjoys good all year round regular clientele as well as strong summer tourist trade. Busy weekend trade due to karaoke. A rare opportunity to own and operate a successful established business.
Located in the town centre within touching distance of Rothesay ferry port which links to mainland via Wemyss Bay.
The premises are compact and easily managed with a main bar area, a quiet side room, male and female toilets. There is an additional outside cellar and store room.
Turnkey investment
Owner retiring
Successful established bar
All year round trade
Offered at highly discounted guide price
Town centre location
Close to ferry port
Situated on the Isle of Bute, in the Firth of Clyde off the West Coast of Scotland. Bute is an area of outstanding natural beauty and is the most accessible of all the Scottish Islands. There are two regular ferry services to the island from Wemyss Bay, near to Glasgow and from Colintraive on the Argyll peninsula. Bute can be an activity based experience if you desire. Diving, walking, swimming, cycling, fishing, shooting, sailing and golf are amongst the activities on offer. It has also seen an explosion of quirky eateries, including an American diner with live entertainment, an authentic Italian, a French Moroccan bistro as well as traditional Inns offering Scottish fare.
The island has also seen a wealth of new niche businesses in recent years. Bute hosts many festivals through out the year such as the highland games, jazz festival, Bute Noir book festival, LGBT pride march, classic car rallies and Bute Song to name a few. Bute has seen a surge in recent years of folks looking for a lifestyle change by relocating to the Island and travelling to the mainland for work. Excellent broadband access also means working from home on the Island is possible.
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.
All prices quoted are exclusive of VAT.
Brochures
The Palace Bar, 15 East Princes Street, Rothesay, PA20 9DL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wemyss Bay Station6.9 miles
About Online Property Auctions Scotland Limited, Glasgow
272 Bath Street, Glasgow, G2 4JR
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auctions Scotland Limited, Glasgow on 01409 335799.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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