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Former Vibez, 24 St John Street, Coatbridge, ML5 3EJ

£10,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Bar / nightclub for sale

Key features

  • Bar
  • Well Positioned in Town Centre
  • New Lease Available
  • Premises License
  • Large Beer Garden / Smoking Area
  • Energy Rating G
  • Christie & Co Ref: 6854065

Description

Description

A great opportunity to lease a licensed bar in Coatbridge town centre, the property is currently vacant with our client now offering a new lease for the right operator. The property is licensed for 250 and had previously served food.

Location

The former Vibez bar is located on St John Street, in between Muiryhall Street and Main Street within the town centre of Coatbridge, North Lanarkshire. Glasgow City is around 11 miles to the west via the M8.

Coatbridge Sunnyside Train Station is a short 10 minute walk and offers a service to Glasgow Queen Street, with the journey taking around 20 minutes. This line runs from Edinburgh Waverley to Helensburgh Central.

Internal Details

The main entrance is to the front of the property and leads to a large lounge area with fixed leather wall mounted seating. A small staircase leads to a further lounge with a large bar to the right and wooden/leather booths to the left. Seating on both floors can comfortably accommodate around 60.

Customer toilets are to the right with a small seating area to the rear leading to the beer garden which can comfortably seat around 50. A snug is also situated to the rear with fixed seating to accommodate around 20.

Within the main bar area is a DJ booth which could remain or alternatively be altered to provide additional floor space. The beer cellar and ample storage is located behind the bar and is accessed via a single door.

Fixtures & Fittings

The ingoing tenant will benefit from the use of the existing F&F.

External Details

A traditional ground floor property of stone construction with two extensions to the rear leading to a large beer garden / smoking area.

The Opportunity

A great opportunity to lease a licensed property in the heart of Coatbridge town centre. Our client purchased the property in 2024 and has now instructed Christie & Co to secure an experienced tenant on new terms. The former Vibez previously operated as a pub/bar often hosting club nights via Skiddle and FIXR.

Coatbridge town centre has a popular leisure circuit to include bars, clubs and restaurants. There is existing fixtures and fittings within the property however, prior to reopening will require some capex. This is mainly cosmetic.

The site would benefit from an experienced operator who is keen to be hands on in the running of the business, it could also easily fit into an existing portfolio.

Staff

The property is being let with vacant possession.

Tenure

New lease to be agreed.

Business Rates

According to the Scottish Assessors, the property qualifies for 100% rates relief under the small business bonus scheme.

Regulatory

Premises License

Energy Performance Certificates

EPC 1

Brochures

Former Vibez, 24 St John Street, Coatbridge, ML5 3EJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coatbridge Central Station0.3 miles
  • Coatbridge Sunnyside Station0.3 miles
  • Whifflet 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 6854065-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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