Pub for sale

The Retro Bar, Bridge Street, Wick, Caithness, KW1

Offers Over £85,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A4 Drinking Establishments

Key features

  • Main street trading location
  • Development potential
  • Seating around 40 customers
  • Leasehold option available

Full description

* An established local cellar bar, set in the town centre with potential for development into a 'themed bar'.

* Trading on a year-round basis from wet sales only; this business has been let for the past 20 plus years.

* Internally seating around 40 customers plus large games area for darts or pool etc.

* The business could be converted to a food-led operation if desired; some consents may be necessary.

DESCRIPTION
The Retro Bar is reported to be a popular bar benefiting from a main street trading location in the centre of the thriving town of Wick in the North Highlands. This business trades at basement level accessed from the pavement via a flight of concrete stairs. Well signposted, the bar trades year-round from local support together with additional seasonal demand from visitors to the area. Offering purely wet sales, this trading model makes it an easy-to-operate business. Entry to the bar is directly off Bridge Street down slab stairs to a solid protective outer-door which opens into the spacious bar area with a juke box, gaming machine, pool table and TV. The bar servery is fully equipped for all business needs providing a selection of draft and bottled beers, minerals, wines and of course spirits which are conveniently dispensed from a good range of optics. Following 29 years of letting this business the owner is now down-sizing his property portfolio which brings this development opportunity to the market.

LOCATION
The population of Wick is c7500 but with a much broader catchment area. Tourism is one of the main sources of income during the busy season and the area proves to be highly popular with walkers, cyclists, ornithologists, archaeologists and anglers. The Old Pulteney distillery (the most northerly mainland distillery) is a popular attraction as is the active harbour and the 18-hole golf course. In terms of infrastructure the town is very well supported and benefits from excellent primary and high schooling, leisure resources, welfare and medical facilities as well as communication links with a railway station and airport.

THE PROPERTY
The building is a single storey (basement level) property built circa mid-1800s and is accessed via a solid wood door. A secondary entrance exists but is not presently used. A cellar door also provides a further access point. Internally the Retro Bar benefits from a spacious bar servery and service area which caters for up to 60 patrons with booth style seating plus bar stools. The bar currently has a pool table, large TV, darts lane and juke box. There are ladies and gents WCs both of which are tiled. A well-equipped cellar is accessed from a side entrance at the lower street level. The cellar is equipped with a python system. There are two general storage areas one immediately to the rear of the bar; this space could be made into a kitchen area. The other is off the pool area. There is only one window offering natural light but the bar has attractive industrial style lighting. The games area has a hardwood floor. An attractive feature of the bar is the ceiling roses and plasterwork. Externally, there are areas of underutilised space which new owners may wish to make better use of.

SERVICES
The property benefits from mains electricity, gas, water and drainage with gas fired central heating. The premises is double glazed.

PRIVATE ACCOMMODATION
There is no private accommodation with this property but there is development potential over the first and second floors subject to consents.

LEASEHOLD OPTION
The vendor would consider leasing the property for an ingoing premium of £3,000. The annual rent would be £10,500. The length of the lease is negotiable.


More information from this agent

Nearest station

  • Wick (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

17 Kenneth Street Inverness IV3 5NR

01463 568016 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

  • Wick (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

17 Kenneth Street Inverness IV3 5NR

01463 568016 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.

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