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4 bedroom pub for sale

The Ladybank Tavern,Victoria Road, Cupar, Fife, KY15

Offers Over £299,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well Established Business Public Bar
  • Restaurant (24 Covers) Function Suite
  • Enclosed Timber Beer Garden & Smoking Area
  • Prominent Trading Location

Full description

Tenure: Freehold

Ladybank is an attractive village situated in the heart of the Kingdom of Fife and is approximately 10 miles from the historic town of St Andrews with its world famous golf courses and university. Close by is the county town of Cupar which has a good selection of shops and services, college and high school. Ladybank has a population of 1,540 people and enjoys a good choice of shops including butcher, two mini-markets, paper shop, haberdashery, hairdressers, post office and bank. The local primary school has an excellent reputation and pupils from there go on to Bell Baxter High School in Cupar. Ladybank Tavern sits on the main thoroughfare passing through the village and is only minutes from the train station. Ladybank has excellent bus and rail links to Dundee, Perth, Edinburgh and beyond. The highly acclaimed Ladybank Golf Club is situated just outside the village and is often used as an Open Qualifying Course. This area of Fife draws a large amount of visitors throughout the year who enjoy the many golf courses on offer and historic location such as Falkland Palace and the Fife Folk Museum.

The Ladybank Tavern is a well renowned business generating income from all trade sectors - the public bar, restaurant and function room. The mainstay of the business is from regular local custom from Ladybank itself and the surrounding area. Many organisations and clubs use the pub to hold their regular meetings and fund-raising events. The local Accordion Club meets every month and there is an open acoustic session every fortnight and karaoke in the bar every Friday night. The business also does outside catering and bar for the Vintage Car Club for their annual car rally. The Ladybank Tavern works with local charities, playgroup and primary school in their fundraising events. Traditional Christmas dinners are usually booked well in advance with satisfied diners returning year after year. The Ladybank Tavern plays host to an annual ceilidh in Fife on New Year's Day when traditional musicians drop in throughout the day and the party goes on until late.
The current proprietors have run the business since 2005 and have decided to place the business on the market due to their impending retirement from the licensed trade. Three owners run the business with the assistance of part-time staff. Opening hours are Monday to Thursday 11.00am to 12am Monday to Thursday, Friday and Saturday 11am to 1am and Sunday 12.30pm to 11pm.

The property is of traditional stone construction under a pitch and slate roof with the public areas occupying the ground floor and the owners' accommodation. Entry from the front is by two separate entrances - one for the public bar and the other for the restaurant/lounge. At the side of the property there is access to the self-contained owners' accommodation via an internal staircase.

The public bar is a spacious open plan room and is of traditional style with carpeted floor and wall lighting. A mixture of fixed cushioned seating, tables and chairs and bar stools makes this a versatile room often used for live entertainment. A timber panelled bar servery provides a well-stocked gantry. The pool table, dartboard, jukebox and game machine are located here. There is also a wall mounted 42" Plasma television.

he restaurant leads from the bar and can be accessed by a separate outer door. Attractively laid out with a wooden floor and a mixture of cushioned bench seating, tables, and chairs the restaurant can seat up to 24 covers. There is a lovely feature coal fire in here, which is put to good used in colder weather.

To the rear of the property is the function suite, which has been completely re-decorated. A new bar and rear glass wash and storage area was built, new lighting incorporating disco and strobe lights installed and the walls and ceiling painted. There is a stage area and wooden sprung dance floor. The room can cater for up to 80 persons for a party and for 60 covers for a sit down meal. The entrance gives direct access to the beer garden and the carpark. Access to the ladies and gents toilets.

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