Hotel for sale

537-539 Eglinton Street - G5

£79,950

Property Description

Commercial information

  • Business for sale

Key features

  • Corner Location
  • Bar & Lounge
  • Well Renowned For Lunches
  • Turnover In Excess Of £350,000 pa

Full description

Tenure: Leasehold

Situation
The Star Bar is situated on Eglinton Street, between the city centre Shawlands areas of Glasgow. The business benefits from a corner location, occupying the well known St Andrews Cross building, cornering Eglinton Street and Pollokshaws Road.

Neighbouring districts include the areas of Crossmyloof, Langside and Pollokshaws with Shawlands itself overlapping the Glasgow City Ward areas 6 (Pollokshaws) and 7 (Langside). The area is often regarded as a ‘hub’ for the South Side region due to its wealth of shops and amenities.


Business
The Star Bar is a well established family pub/restaurant that has been operated by the current owners for over 28 years. It boasts a corner location on the busy Eglinton Street in Glasgow, Southside. The business has been placed on the market due to the current vendors impending retirement.

The business trades 7 days a week, operating with both wet and dry sales. The Star Bar was featured on ITV’s Scotland Today for their recession busting lunch of 3 courses for £3.50; an offer that is still popular, adding approximately £50,000 of turnover per annum. The pub is open from 11am daily and is licensed until midnight, 7 days a week. The Star Bar also offers live entertainment by way of karaoke and live bands on a regular basis.


Building Internal
The premises comprises a public bar furnished with tables, upholstered chairs and bench seating. There are several stools around the bar area. The bar also contains a pool table and gents facilities. The lounge benefits from its own bar, seating up to approximately 100 persons and is furnished with tables and upholstered stools, along with bench seating and booths. There is a kitchen located off the lounge.

Accessed from the public bar, The Star Bar benefits from a cellar with drymans hatch from street level. The cellar also contains 3 freezers and separate lines and keg storage for both the bar and lounge.

The Star Bar benefits from separate entrances for both the bar and lounge with the bar able to be accessed from both Eglinton Street and Pollokshaws Road.

Ladies and gents facilities are located off the bar and lounge areas.


Building External
The property sits prominently on the ground floor of the St Andrews Cross building enjoying access from both sides; Eglinton Street and Pollokshaws Road. The premises sits straight to street with ample street parking surrounding the property. The business also benefits from having 2 bus stops directly outside.

Tenure
The property is held on the Scottish equivalent of Leasehold. We are informed that the business has 15 years remaining on the Lease, with a current rent of £21,000 per annum. 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.

Legal
The business trades with the benefit of a full licence.

Accounts
Turnover is in excess of £350,000. A full profit and loss account will be made available after a formal viewing has taken place.

Summary
The Star Bar offers potential buyers an opportunity to purchase a well established business with a good reputation.

Price
Offers over £79,950 are sought for the Leasehold interest, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.


Nearest stations

  • Pollokshields East (0.3 mi)
  • West Street (0.5 mi)
  • Queens Park (Glasgow) (0.6 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

  • Pollokshields East (0.3 mi)
  • West Street (0.5 mi)
  • Queens Park (Glasgow) (0.6 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 40363. 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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