BRIEF RESUME
- Characterful former coaching inn dating from the 1820s
- Prominent village location in an attractive Borders setting
- Traditional public bar and separate 24-cover restaurant
- Five letting bedrooms providing valuable additional income
- Separate Cottage with comfortable accommodation included
- Beer garden and customer car park
- Freehouse with full flexibility of operation
- Significant potential to grow turnover and profitability
DESCRIPTION
The Waterloo Arms is an attractive former coaching inn dating back to the 1820s, occupying a prominent and well-known position within the village. The property has been refurbished to a high standard and successfully combines traditional character with modern amenities.
The business trades as a welcoming country pub and village watering hole, featuring a cosy public bar, a separate restaurant with seating for approximately 24 covers, and five well-appointed letting bedrooms, three of which are en-suite, supported by an additional shower room/WC.
The property also benefits from well-proportioned owner’s accommodation, making it ideally suited to owner-operators.
Externally, there is a rear hardcore-surfaced car park and an enclosed beer garden, providing valuable outdoor trading space during the warmer months.
LICENCE
Full hotel licence permitting both on and off sales.
Current Licencing Hours:
Monday – Thursday: 11:00am – 12:00 midnight
Friday & Saturday: 11:00am – 1:00am
Sunday: 12:30pm – 12:00 midnight
LOCATION
Chirnside is a highly regarded rural village in the Scottish Borders with a population of approximately 1,459 (2011 Census). It acts as a focal point for the surrounding countryside and benefits from a loyal local community alongside steady visitor trade throughout the year.
The area is rich in cultural and historical significance. Notable former residents include David Hume, one of the leading figures of the Scottish Enlightenment, who lived at nearby Ninewells House, and Jim Clark OBE, the world-renowned racing driver from nearby Edington Mains, widely regarded as one of the greatest Formula One drivers of all time.
Chirnside is located approximately 10 miles west of Berwick-upon-Tweed, on the eastern edge of the Scottish Borders. Berwick-upon-Tweed (population circa 14,000 with a wider catchment of approximately 42,000) lies almost equidistant between Edinburgh and Newcastle upon Tyne, both around 65 miles away.
The village enjoys excellent accessibility via the A1(T) trunk road, while the East Coast Main Line rail services from Berwick-upon-Tweed provide regular connections to Edinburgh and Newcastle in approximately 45 minutes, and London in around three and a half hours. This connectivity supports both tourism and business travel.
ACCOMMODATION
Ground Floor
Public bar with traditional timber-panelled serving counter, well-equipped drinks display shelving and mirrored back bar; a mix of fixed and loose seating with drinks tables. Separate restaurant providing seating for approximately 24 covers. Fully fitted commercial kitchen with stainless steel catering equipment, extractor hood and wash-up area. Access from the bar to drinks cellar and interconnecting beer cellar. Rear hall with ladies’ and gents’ WCs.
First Floor
Landing. Five letting bedrooms, three with en-suite shower rooms, plus a separate shower room/WC.
Separate Cottage
Large living room, kitchen, double bedroom, single bedroom and bathroom.
AREAS
The property has been measured in accordance with RICS Code of Measuring Practice (Latest Edition) to provide the following Gross Internal Areas:
Ground Floor: 123.32 sq m / 1,327 sq ft
First Floor: 70.95 sq m / 763 sq ft
Owners Accommodation: 57.59 sq m / 620 sq ft
Total: 251.86 sq m / 2,710 sq ft
E & oe measurements taken with a laser measure.
RATEABLVE VALUE
According to the Assessor's Association Website this unit is assessed to a Rateable Value of £15,200 per annum effective from 01-Apr-23.
The proposed Rateable Value effective from 01-Apr-26 is £7,700.
WEBSITE
Domain name included in the sale.
THE BUSINESS
Financial statements are available on application to the selling agents.
ENTRY
On the conclusion of legal missives.
VAT
Unless otherwise stated the prices quoted are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in connection with this transaction.
In the normal manner, the purchaser will be liable for any land and buildings transaction tax, registration dues and VAT thereon.
VIEWING ARRANGEMENTS
By appointment only with the sole agents.
Edwin Thompson
76 Overhaugh Street
Galashiels
TD1 1DP
Tel:
Email: g.
