7 bedroom pub for saleCALEDONIAN BAR AND APARTMENTS, King Street, Invergordon, IV18
Offers Over £349,000
- Business for sale
- Use class orders: A4 Drinking Establishments, B1 Business, C3 Dwelling Houses and D1 Non-Residential Institutions
- Central Heating
- Shower Room
The Caledonian Bar is an attractive and traditional venue trading year-round to a mixed clientele, extending a relaxed and friendly atmosphere to its customers. Income is derived mainly from wet sales with some gaming provision. There is no food production on the premises at this time but new owners could, without excessive capital outlay, introduce this additional income stream. The current business owners operate the business as a weekend music destination for mixed age groups who regularly frequent the bar. The bar appeals to a broad customer base with strong local support. The business' prime trading location amidst the popular and busy town of Invergordon enables it to benefit from workers in the oil related industries plus the trade from the activity that the Port generates and ships at anchor in the Cromarty Firth. The business has a consistently high turnover creating a highly desirable trading opportunity. The facilities within the bar include TV, pool, darts lane, gaming machines and a stage for discos and bands to perform upon. The letting units above the Bar provide another sustainable income stream. These units could be used as short-term or long-term lets. Presented in generally excellent condition these 3 Flats afford a further income stream but could be used as owners accommodation should new owners require personal accommodation.
Located near to the busy arterial A9 trunk road, Invergordon is approximately 20 miles north of the Highlands capital Inverness but is located close to the towns of Tain, Alness and Dingwall. The population of Invergordon is around 4000 but within the broader catchment area it is approximately 20,000. With its coastal position, Invergordon boasts a strong community spirit and provides for a wide range of social and recreational facilities amongst which the Sports Complex, Arts Centre and Naval Museum and Heritage Centre are prominent. The area is renowned for its popular links golf courses, the most famous in the region being Royal Dornoch some 30 minutes drive to the north. The town benefits from schooling and child care provision at all levels and from a full range of social care facilities.
Invergordon has a strong seafaring history and in recent years developed a strong association with Scotland's oil industry. The recent re-opening of the Nig Construction Yard has generated further employment and business prospects for the future. The latter became a feature in the area due to the Cromarty Firths exceptional deep water berthing and this feature now is the reason for the visitation of cruise liners frequenting the harbour. The presence of these liners attracts significant numbers of visitors to the area, a fact not lost on the present owners but who readily admit they have not capitalised on this potential income stream. The area boasts many natural attractions in and around Invergordon. The bottlenosed dolphins are a most popular attraction, as are the seals that bask on the shores of the Firth. The local waters also attract a large number migrating wildfowl and waders. Much of the marine life can be readily observed from the numerous sandy beaches along the coast line.
REASON FOR SELLING
Having made many improvements since taking over the business in 1999, the current proprietor of the Caledonian Bar now intend to retire from the Licensed Trade bringing the business onto the market. The present ownership has established a solid trading base providing a platform from which new energetic and imaginative new owners could further expand.
This is a substantial property of traditional stone construction set under a pitched slate roof dating from the late 18th Century. Accommodation is arranged over 3 floors and is maintained to a high standard. The current proprietors have inwardly invested into the building infrastructure with recent improvements to the property including upgrading the fire alarm system. The business benefits from mains gas central heating and accommodation units are double glazed.
The main entrance to the bar leads to seaward end of the building. An attractive feature of the business is the long and highly spacious bar with its three distinct zones; gaming, bar service and entertainment, which collectively can accommodate approximately 120 patrons. Seating throughout is a mix of fixed bench seating and free standing chairs and stools. To the left of the entrance is ample space for the pool table and an area where a TV and gaming machine is situated. This area also has a wood-burning stove within a feature stone fireplace. Further items of interest are the half barrels used as tables affixed to pillars and the wooden panel walls. The central bar area presents a substantial and well stocked servery. The working area behind the service counter allows for up to 4 staff to work in comfort. There are sufficient beer servery points to facilitate a good level of service when the bar is operating at maximum capacity. A prominent feature of the decor of this area is the large photographs that show yesteryear Invergordon. A juke box and a further TV is located in the intermediate position. The final space within the bar is the area set aside for entertainment, which is laid to a wooden floor and beamed ceilings. A stage is permanently left in situ for ease of regular use. A darts board is also positioned in this area for use during non-music nights. The bars ladies and gents toilets which are tiled and are modestly appointed offer a good level of provision for customers.
An attractive feature with this establishment is the tasteful conversion of the 3 flats on the upper levels which provide the proprietor with a steady income steam with minimal management input. Routinely the flats are leased on a long-term basis but would also suit shorter term lets. All the flats are all presented to a good standard, furnished and are configured to; Flat 1 - 2 bedrooms, Flat 2 - a single double bedroom and Flat 3 - 3 double bedrooms. All apartments have spacious lounges and a well-appointed kitchens and tidy shower / bathrooms with wash-hand basin and w.c.
The owners do not presently live within the premises at this time. New owners could wish to utilise one or more of the flats depending on their personal requirements.
The bar presently does not provide commercial catering on any level. However, the kitchen immediately to the rear of the bar is spacious and could be refitted to a commercial standard should new owners choose to offer catering as part of their business plan. There are generous storage facilities comprising of; a dry store currently used as a packaged beer store, a spacious cellar, a large spirits store and a significant utility storage room. To the rear of the property is a car parking area.
The business benefits from mains electricity, gas, water and drainage with gas central heating.
The business has a Premises license under the Licensing Scotland Act 2005 and a copy of the operating plan is available to interested parties, which details operating practices.
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