Graham and Sibbald are proud to bring to the market 3 Castle Street. The subjects comprise the ground floor, with basement access via a hatch behind the bar, of a traditional three-storey building of red sandstone construction. The unit benefits from feature arched windows and bifolding doors. There is a private car park to the rear park adjacent to the premises. The arched windows and doors open directly onto the street with potential for outdoor seating.
Internally, the property is accessed directly from Castle Street and is presented to a high standard throughout incorporating various features including ornate cornicing and decorative arched windows / doorways. The decor is a relatively modern design with a large wooden bar and gantry along the rear wall.
( Agency Pilot Software ref: 53882 )
Location
Hamilton is the main Administrative Centre for the South Lanarkshire Council area and has a resident population of approximately 53,000 persons and a catchment of approximately 350,000. The town is located approximately 15 miles to the south-east of Glasgow City Centre. Hamilton benefits from good motorway access via Junctions 5 and 6 of the M74 motorway. More specifically, the subjects are located on a popular retail and licensed circuit on the west side of Castle Street, between its junctions with Cadzow Street and Keith Street, overlooking the Town Square within the town centre of Hamilton.
Accommodation
Ground 91.11 sq m ( 981 sq ft )
Terms
The premises are offered on a new Full Repairing and Insuring Lease of negotiable length at rental offers in the region of £20,000 per annum. Alternatively, a sale of the property may be considered at offers over £110,000 for our clients Heritable Interest (Scottish equivalent to Freehold).
RATING The subjects are entered in the Valuation Roll with a Rateable Value of £19,000. The poundage rates for 2024/2025 is £0.498 in the pound.
EPC An EPC has been carried out for the property and is available upon request.
LEGAL COSTS Each party will be liable for their own legal costs, however for the avoidance of doubt the tenant / purchaser shall be liable for LBTT, Extract Copies and VA
Specification
• Well-presented public house
• Modern design with period features
• Prominent location within busy licensed circuit
• Available To Let/May Sell
• Suitable for a variety of uses