Commercial Property for sale

65 Overhaugh Street - TD1

£16,000

Property Description

Commercial information

  • Business for sale

Key features

  • Long Established
  • Community Supported Business
  • Leasehold Opportunity
  • Potential For Food Sales

Full description

Tenure: Leasehold

Description
Bruce and Co are pleased to introduce to the market, The Glue Pot, a popular local public house located in the Scottish Borders. The business has been under the very caring ownership of our client for over 28 years and has been established for even longer. Throughout our clients ownership the business has established an outstanding customer base of local and loyal clientele and the business is heavily supported by the local community. Although trade received is predominantly from local residents the business also attracts new custom from passing trade due to its excellent tourist location in the Scottish borders. The business trades well with revenue derived from wet sales only and despite this already being a profitable and successful business there is still scope to increase turnover by introducing food sales and some additional marketing.

Situation
Galashiels is a bustling town in the Scottish borders and is also positioned on the A7 road from Carlisle to Edinburgh. The A7 splits as it runs through Galashiels, forming the one way system surrounding the town centre. Overlooking the junction where the road comes together before heading south to Selkirk is the town's most striking building, the Burgh Chambers.

Building External
The business premises occupy a stand alone property split over 2 levels. The building is of stone appearance with traditional frontage and is well presented externally. Inside, the main bar area is furnished with wooden tables, chairs and stools and leather wall mounted seating and the room is finished in a traditional style. The current open plan design creates a spacious bar area with a timber bar situated to the left hand side of the ground floor with the pool room in the attached room. The Glue Pot also benefits from a function room on the top floor but currently this part of the business is not marketed.

Owners/Managers Accommodation
Situated above the pub is a 3 bed flat which can be used as owners accommodation or management accommodation. The rental for the flat is included in the £18,000pa for the pub.

Staff
Managed by the owner with part time staff

Hours
Monday — Thursday: 11-12
Friday — Saturday: 11am — 1am
Sunday - 12:30 - 12

Building External
The property is straight to street with on street parking nearby and ample public parking within the local area. The premises benefit from an end of street corner position with well presented branding to attract custom from passing trade.

Services
The property has mains water, drainage, electricity, gas.


Legal
The business trades with a full license.

Trading Figures
Accounts will be available once a formal viewing has taken place


Summary
The Glue Pot presents an excellent opportunity to purchase a thriving public house with great potential to increase turnover. The business trades with a fantastic reputation and is well established in the local community.

Tenure
The Business is currently on lease until 2021 with a rental of £18,000

Price
Offers over £16,000 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

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.

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


Call to action
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 3140660.

Nearest stations

  • Galashiels (0.2 mi)
  • Tweedbank (2.0 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

  • Galashiels (0.2 mi)
  • Tweedbank (2.0 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 42978. 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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