• HIGHLY PROFITABLE BUSINESS IN PRIME TOWN CENTRE LOCATION
• FULLY EQUIPPED LICENSED BAR
• 45 COVERS
• LEASEHOLD SALE
• 1,292 SQ FT
• OFFERS OVER £50,000 (LEASEHOLD INTEREST)
• GOOD LEVELS OF NEARBY PARKING
• 100% RATES RELIEF (subject to qualification)
Bridge of Allan is a town in the Stirling council area in Scotland, just north of the city of Stirling. It lies on the Allan Water, a northern tributary of the River Forth, built largely on the wellwooded slopes of the Westerton and Airthrey estates, sheltered by the Ochil Hills from the north and east winds. Most of the town is to the east of the river; the bridge is part of the A9, Scotland’s longest road, while the railway line and the M9 pass to the west of the river. Bridge of Allan railway station is on the Edinburgh to Dunblane Line.
The subjects are located on the northern side of Allanvale Road in close proximity to its junction with Henderson Street. Henderson Street forms the main arterial road through the town leading to Stirling and as such benefits from a high level of passing trade.
The subjects form the basement floor of a traditional end terraced four storey property of stone construction.
The restaurant provides seating area incorporating a mixture of traditional table and chairs and more relaxed seating providing 40-50 covers. The floor is of solid wooden construction whilst the walls are exposed stone. The front serving area provides a bar with coffee machine, refrigeration and storage unit.
The kitchen area is fully equipped with stainless steel appliances, basins, extraction system and refrigeration.
There are three storerooms and a large cellar which provides 6 pumps, chiller and extractor.
There are separate male and female w.c’s provided together with a disabled toilet.
The business trades as “The Crook Bar” the establishment forms a popular bar and tapas restaurant within Bridge of Allan Town Centre.
The business is for sale due to the current owners retirement from the industry. The business is currently performing very well but we believe that there is good scope to increase turnover and profit margins.
Currently, the business opens 7 days per week, Sunday – Thursday 12pm to 11pm and Friday – Saturday 12.00pm to 1.00am.
The fit out is to a high and modern standard and is ready for immediate occupation.
The bar offers a menu that is well received with the local community. (Copy of menu provided in above image).
We are happy to discuss the accounting information with seriously interested parties.
Offers over £50,000 are sought for the leasehold interest and will include all inventory, trade fixtures and fittings and goodwill.
The passing rent is £22,000 p.a.
Basement (Bar/Restaurant) 120m2/1,292ft2
The subjects benefit from appropriate planning permission for their existing use as a bar/restaurant. All queries in relation to planning permission and use class of the subjects should be addressed to Stirling Council Planning Department.
A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale of the property.
The Rateable Value of the property is £13,700.
The property is below the threshold for small business rates relief and as such qualifying occupants may benefit from 100% rates relief. Please contact local rating office for further information.
PUBLICATION DATE 04/02/2020
|Price:||Offers over £50,000|
|Address:||The Crook Bar|
|County:||Bridge of Allan|
|Property Type:||Bar/Tapas Restaurant|