Pub, Going Concern or Alternate Use
PRIME COMMERCIAL PROPERTY (Transfer Of ) (Or Alternate Use STPP)
Hotel is located within the village of Kirkconnel on a busy main road linking Ayrshire with Dumfries.
Currently trading well with the latest turnover showing £180,000 pa. Which should deliver adjusted net profits at £30,000 pa.
Currently run by a hands-on husband wife team with 2 further bar staff (PT)
70% Wet - 10% Food - 20% Lettings (consistent lettings trade)
The Bar is well supported by the local community, and also serves as a licensed bar for the village hall functions (attached), such as weddings, birthdays, christenings and alike.
Externally there are circa 50 outdoor covers, benches, tables, and partially under cover/smoking/vaping area.
Large parking area circa 10 - 12 cars.
The main bar has a darts throw and with a separate pool room, with the premises holding various competitions of this ilk. There is plenty of scope and growth across all income streams.
Public Bar, Pool Room, Owner Accommodation, 5 x Letting rooms, Laundry Room, Breakfast Room, Beer Garden, Car Park/Plot. Kitchen.
The current ancillary configuration briefly comprises - 1 Bed Owner Accomm with Lounge, Bathroom with Shower, and WC.
4 Letting rooms with shared facilities across 2 further bathrooms and separate WC.
1 Letting rooms, fully en-suite.
Super position on busy main road, offering further scope and growth for new blood owners (early retirement sale).
Potential for residential development (subject to planning permission) Vacant Possession Upon Completion.
Excellent size property overall. 4145 SQFT. EPC F
Kirkconnel is an attractive and popular village location, Sanquhar, near the Dumfriesshire/Ayrshire border, being around a 1 hour drive from Glasgow (50 miles) and Dumfries (30 miles), Edinburgh 60 miles North East.
Financials (USD)
Net Operating Income (Annual) $53,775
Asking Price $396,592
Converted From GBP
Exchange Rate $1.34
Cap Rate Available On Request
Additional Details
Street Address 71-72 Main Street
Suite/Unit Number 71-72
Building Area 4145.00 Square Feet
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
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