Hotel for sale

96-98 Neilston Road - PA2

£230,000

Property Description

Commercial information

  • Business for sale

Key features

  • Free House
  • Lounge, Fully Refurbished
  • Loyal Clientele
  • EBITDA In Excess Of £46,000

Full description

Tenure: Freehold

Description
The Clachan Bar is an extremely busy business which has been owned by the current proprietor since 2013. The business is long established and has built up a reputation for good beer and one of the town’s best places to enjoy a sociable drink with friends. The current vendor carried out a full refurbishment when purchased in 2013. The Clachan Bar is now presented in true walk in condition. The business is being sold due to the current vendors wish to retire from the licence trade.

Situation
Paisley is the largest town in the historic county of Renfrewshire in the west central Lowlands of Scotland and serves as the administrative centre for the Renfrewshire council area. The town is situated on the northern edge of the Gleniffer Braes, straddling the banks of the White Cart Water, a tributary of the River Clyde. The town, a former burgh, forms part of a contiguous urban area with Glasgow; Glasgow city centre is 6.9 miles to the east. The Clachan bar occupies a prominent position on Neilston Road. The business is surrounded by residential properties.

Building Internal
The property is a traditionally built terraced building over the ground floor and basement level. The business occupies the ground floor of the property. The main entrance is from the front, via a traditional frontage. On entering the public bar entrance is to the right, and the lounge entrance to the left. The public bar features a central horseshoe bar in the centre. The public bar is well presented with upholstered chairs and bar stools. To the rear there is two upholstered booths, which can seat 12+ persons each. The public bar is decorated in neutral colours, and benefits from a tiled floor. Access to the cellar is from the rear of the public bar. The lounge bar can be accessed from the front entrance or via a connecting door to the rear of the public bar. The lounge has a central satellite bar, which is serviced from the main public bar. The lounge is again well presented. Seating is by way of large upholstered booths, along with upholstered chairs. The lounge is once again well decorated and benefits from carpeting throughout. The Clachan further benefits from a full BOSE, pc driven sound system. Ladies and gents facilities are well situated off the bar. The Clachan Bar is currently run under management by the vendor. The business trades throughout the year, seven days per week, wet sales only. The business is open from 11:00 - 00:00 Monday to Thursday, 11:00 - 01:00 Friday and Saturday and 12:30 - 00:00 Sunday. The business can accommodate 100+ persons, offering a good selection of beers wines and spirits. The business is trading extremely well with takings in excess of £174,000 per annum with an excellent EBITDA of £46,903 (based on 2015 accounts).

Building External
The front of the property is straight to street. There is ample on street parking.

Services
We have been advised that all mains services are fitted.

Tenure
The property is held on the Scottish equivalent of freehold.

Trading Figures
Full trading figures will be made available after a formal viewing has taken place

Summary
The sale of The Clachan Bar offers a great opportunity to purchase a well established business. The business benefits from an excellent location. Viewing is highly recommended.

Price
Offers over of £230,000 are sought for the freehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease, this will be available to all parties wishing to offer.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Call to Action
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 314 0660.


Nearest stations

  • Paisley Canal (0.5 mi)
  • Paisley Gilmour Street (1.0 mi)
  • Hawkhead (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Paisley Canal (0.5 mi)
  • Paisley Gilmour Street (1.0 mi)
  • Hawkhead (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 44392. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Bruce & Co. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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