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Papa Rab's Restaurant & Bar, 12 Hanover Square, Stranraer, Dumfries and Galloway, DG9 7AF

£2,083 pcm
£25,000 pa

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant to lease

Lease details

Lease available date:
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Key features

  • Prominent Trading Location
  • Restaurant, Bar & Takeaway
  • Licensed Outside Area Front and Rear
  • Fully Fitted Commercial Kitchen
  • Annual Sales for 2023 c.£400k (net)
  • Annual Rent £25,000 / Energy Rating E
  • Christie & Co Ref: 6863597

Description

Description

Papa Rab's Restaurant is well located just off the main high street. The property covers the ground floor of the building and benefits from a large public carpark to the rear and side of the building.

Location

Stranraer, also known as The Toon, is a town in Dumfries and Galloway, Scotland. It is located in the historical parish of Inch in the county of Wigtownshire. It lies on the shores of Loch Ryan, on the northern side of the isthmus joining the Rhins of Galloway to the mainland. Stranraer is Dumfries and Galloway's second-largest town with a population, including the immediate surrounding area, of nearly 13,000 inhabitants.

Stranraer is an administrative centre for the West Galloway Wigtownshire area of Dumfries and Galloway. It was formerly a ferry port, connecting Scotland with Belfast and Larne in Northern Ireland; the last service was transferred to nearby Cairnryan in November 2011. It lies by road 87 miles (140km) southwest of Glasgow, 52 miles (84km) southwest of Ayr and 72 miles (116km) to the west of Dumfries.

Internal Details

Entrance to the main restaurant is from the public carpark at the rear of the building. The restaurant can hold 80 covers with the outside paving area recently added in the Premises Licence. An open and spacious area, it has been modified to a very high standard with its own bar located to the rear and next to the commercial kitchen with a bespoke wood-fired pizza oven being an eye-catching feature in the restaurant. This is used to cook a number of dishes keeping kitchen gas and electricity costs to a minimum.

The bar is accessed by a separate door located at the front of the building with a small external area covered by an awning. This was erected during the Covid pandemic to accommodate hospitality rules, and which has also been recently added to the Premises Licence.

Fixtures & Fittings

All fixtures and fittings are included within the leasehold sale (excluding any personal items).

The Opportunity

Papa Rab's Restaurant, currently rated in the top three restaurants in Stranraer on Tripadvisor, offers an exceptional opportunity to acquire one of the most well established and consistently performing bar restaurants in Stranraer. Popular amongst the locals the bar, currently only one of two pubs in Stranraer with a 'GOLD' rating from the Police 'Best Bar None' Scheme, is known for hosting live music at weekends, whilst the restaurant and takeaway remains popular with those looking for good quality food.

Papa Rabs is the perfect opportunity for an existing operator or new venture to continue a thriving business, there is no capital expenditure required and the business is in turnkey condition.

Staff

Staff details will be provided after a formal viewing has taken place.

Trading Information

Full accounting information will be provided after a formal viewing has taken place.

Trading Hours

Monday
4.00pm to 8.00pm

Tuesday and Wednesday
Closed

Thursday
4.00pm to 8:00pm

Friday
12:00pm to 2:00 pm, 4.00pm to 9.00pm

Saturday
12.00pm to 9.00pm

Sunday
12.00pm to 8.00pm

Bar Open 7 days a week from 12.00pm

Business Rates

The Rateable Value is £14,500 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the local authority.

Energy Performance Certificates

EPC 1

Brochures

Papa Rab's Restaurant & Bar, 12 Hanover Square, Stranraer, Dumfries and Galloway, DG9 7AF

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stranraer Station0.6 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6863597-lh. 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 Christie & Co, Pubs & Restaurants. 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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