Hotel for sale

Main Street - KA8

£125,000

Property Description

Commercial information

  • Business for sale

Key features

  • Surveyed June 2016 at £165,000 for going concern
  • Prominent Trading Position
  • Aldi store opening October 2014
  • Potential Investment Opportunity

Full description

Tenure: Freehold

Situation
The Harvest Bar is conveniently located on the busy Main Street in the town of Ayr. Ayr is an attractive town with a real sense of its history. It is well known for its racecourse dating back to 1770 and also its close connections with the game of golf, with many championship courses located close by such as Royal Troon and Turnberry. The town is easily accessible via the M77, around a 30 minute drive south from Glasgow, and today the town offers its residents and visitors an array of amenities that includes an excellent selection of shops, eating establishments and bars.

Business
The vendor of the property currently leases both the flat and the business out on short term arrangements to two willing tenants, resulting in a potential Investment sale. The arrangement can be ceased with 1 months notice, however, both tenants are happy to continue if the new buyer so wishes. This results in a sound return, with further information on the agreements to be released once a formal viewing has taken place.
The current set-up is wet sales only, and concentrates on regular clientele, with frequent karaoke, dominos and darts nights. It is also worth noting that the business currently boasts two dominos and a darts team, underlining the familiar and community atmosphere in the pub.


Building Internal
The Harvest Bar occupies a prominent position in the Main Street of Ayr, made of standard stone construction and lying under a pitched and slated roof. The whole of the bar area is set over the ground floor of the property, with a separate staircase and entrance to the accommodation which is set over the first and second floors.

Public Areas
Once through the entrance, you are instantly in the bar area, with the bar itself running along the left hand wall. Comfortable seating (both separate and fixed) makes up the rest of the area, with around 25 covers in total. Beyond the bar area is the comfortable bar lounge, which is used regularly for dominos night and Karaoke. There are a total of circa 45 covers in this area, bringing the total coverage to 70.

Owners Accommodation
A separate staircase leads up to the spacious owner’s accommodation. The first floor consists of a fully fitted kitchen, a lounge and a large double bedroom. On the second floor there is a single bedroom, another double bedroom, a bathroom and a good sized patio area. Potential buyers should note that the house does require some upgrading, however, it is very much offered in living condition.

Tenure
The property is held on the Scottish equivalent of freehold. Prospective purchasers of this business are advised to take independent legal advice on the lease, a copy of which will be made available to solicitors acting on behalf of prospective purchasers.

Services
The property has mains water, drainage and electricity

Accounts
Full trading information will be made available after a formal viewing has taken place.

Price
Offers Over £125,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Summary
The sale of the Harvest Bar offers a great opportunity for either a couple or sole trader to purchase a well-renowned pub. With an owner’s accommodation above and further potential to be realized, this is an ideal purchase for both experience licensees looking for a ‘retirement purchase’ or a first time buyer.


Nearest stations

  • Newton-on-Ayr (0.6 mi)
  • Ayr (0.6 mi)
  • Prestwick Town (2.5 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

  • Newton-on-Ayr (0.6 mi)
  • Ayr (0.6 mi)
  • Prestwick Town (2.5 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 38359. 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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