Pub for sale25 Powdermill Brae, Gorebridge, Midlothian, EH23
2,066 sq. ft.
- Business for sale
- Traditional "local"
- Strong wet sales with ancillary food income
- Retiral sale
- Potential for alternative uses/redevelopment of property and/or site
- Energy Performance Rating Band G
- Guide Price £160,000
The property occupies a prominent position on the Eastern side of Powdermill Brae which forms part of the main road running through Gorebridge.
The property is located on the Southern outskirts of the town, Gorebridge is situated approximately twelve miles to the South of Edinburgh city centre, off the main A7 trunk road route which leads to Galashiels in the Borders and beyond. The city bypass is located approximately four miles to the North of the town providing access to the central Scotland motorway network.
Gorebridge is has benefited from ongoing residential development over recent years, in addition to the new Borders rail link. The railway station is a few minutes walk from the property.
The property comprises a traditional public house arranged within a two storey property which due to site contours is accessed at ground level to the front and lower ground level to the rear.
The ground floor provides a large bar area to the front with a lounge to the rear. The lower ground floor is currently utilised for storage only and comprises a general store, spirits store, kitchen and cellar. Male and female toilet facilities are situated on both floors.
Accessed externally to the rear of the property is a further cellar and separate store.
The property occupies a substantial site, which is circa 0.27 acres. There is a beer garden and a garage directly to the rear of the property.
The remainder of the site is generally wooded and the property and/or site offers development potential.
We would summarise the accommodation as undernoted:-
Bar with male toilet facilities off. Female toilet and lounge bar.
Gross internal area approx. 97 m² (1,044 sq ft)
Lower Ground Floor
Store room, spirits store, kitchen and cellar. Male and female toilet.
Gross internal area approx. 70m² (753 sq ft)
Beer cellar and general store.
Gross internal area approx. 25 m² (269 sq ft)
Extensive site with garage and beer garden.
Site area approx. 0.27 acres.
The above areas are approximate and provided for information purposes only.
Our client has owned and operated the business since 1977 and now wishes to retire from the trade.
Operating as a traditional bar with an established local clientele, income is predominantly derived from wet sales although a limited range of bar snacks are available to include pizza and hot dogs. There is potential to develop the food element of the business as this has been done successfully in the past.
An over 21 policy is operated and there are various clubs who regularly frequent the pub. Sky Sports is shown and the bar is particularly popular with locals.
Our client operates the business with assistance from part time staff. The business offers excellent potential for a couple or family to operate hands on either for a continued licensed use although there is undoubtedly scope for the provision of food.
Accounts will be provided to interested parties after viewing and confirmation of interest. Sales for the last few years have been circa £150,000, net of VAT.
The asking price includes the trade inventory which, we are advised, is owned outright and is not subject to any lease purchase, hire contract or similar finance arrangement.
Reference to the Assessor's website has shown that the subjects are entered in the current Valuation Roll at Rateable Value £12,700, effective from 1 April 2017.
ENERGY PERFORMANCE CERTIFICATE (EPC)
A copy of the Energy Performance Certificate is available upon request, however, the rating is G.
The property offers excellent potential for alternative uses, subject to the relevant consent being obtained although please note that the property, including railings are C Listed.
The extent of the site is shown on the appended plan and there is potentially scope for further development to the rear of the property.
Offers around £160,000 are sought for the property, goodwill, fixtures and fittings, with stock available over and above at valuation.
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