Restaurant for sale

5 Vault Square - TD5

£324,995

Property Description

Commercial information

  • Business for sale

Key features

  • Business established 25+ years
  • Excellent re development opportunity
  • Large Property

Full description

Tenure: Freehold

Business
The Vibe is a busy business which has been run by the current vendor since 1990. The business trades throughout the year, offering late night entertainment to the town of Kelso. The Vibe is the only nightclub in the town and as such attracts a good regular clientèle. The business trades Friday and Saturday nights open from 22:00-02:00, along with Sundays on a periodic basis. The business has been placed on the market as the current vendor wishes to retire. The Vibe offers an excellent opportunity to develop the existing business which is exclusively on wet sales and admissions there is ample scope for the right operator to expand the existing business with the introduction of food.

Situation
The Vibe occupies an enviable position on Vault Square in the heart of Kelso. The property sits commandingly on a large corner plot.


Property
The main entrance is from the front, giving access to the all areas both private and public. The ground floor is not currently being used by the vendor for any business activity. The ground floor has previously been used as a squash club and as such has several areas for changing, along with a sauna room. The ground floor offers excellent space for development into a restaurant or development into residential flats.
The first floor is where you will find the current business. The Vibe nightclub can accommodate 650 persons, benefiting from two large bars, along with a dance floor area and DJ booth. The bar also benefits from several seating booths along with bar stools.
The basement of the property houses the cellar and the ‘cellar bar’, this area is not currently utilised by the current vendor.
Ladies and Gents facilities are well situated off the public areas.


External
The property sits within its own grounds. There is a large tarmac parking area to the front.

Services
We have been advised that all mains services are fitted.

Tenure
The property is held on the Scottish equivalent of Freehold.


Trading Figures
No figures will be provided. Sale is on a property basis only.

Summary
The sale of The Vibe offers a great opportunity to purchase a development site, within the popular town of kelso.

Price
Offers in the region of £324,995 are sought for the freehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease, this will be available to all parties wishing to offer.

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

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 01313140660.


Nearest station

  • Tweedbank (12.7 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 station

  • Tweedbank (12.7 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 44878. 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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