The property is a one storey stone built property lying under a flat roof. Main entry is via the side of the property leading into the public bar. There is also a drain/ delivery access at the rear.
THE BUSINESS - The business has been run by our client for the last 13 years during which time he has overseen a popular and well traded local public house. It is now felt that the business would benefit from new hands-on owners who would be able to increase and actively promote the business further.
The business is run by our client with the assistance of part-time members of staff. It would ideally suit a couple or partnership team. At present, the business is wet sales only. However, there could be vision for food sales in the future.
Location
The Craigie Bar is located on Bernarty Square in the heart of Ballingry. This is an excellent trading location with the business occupying a semi-detached site at the end of a retail parade which also includes a bookmakers, pharmacy and bakers. The pub is situated within a large residential housing development with Ballingry connected to the smaller villages of Lochore and Crosshill before being connected at the south to the larger town of Lochgelly. This is a prominent trading location with easy accessibility for customers due to its central location within the village.
Accommodation
INTERNAL DETAILS - Internal details briefly comprise a very spacious public bar with gents toilet located off. The public bar at present is predominantly known as a “racing pub” but with other entertainment including satellite television, juke box, pool table, dart board and gaming machines etc. The public bar, works on a side-to-side basis with the lounge bar which has its own bar and ladies & gents toilets located off. The lounge bar has a variety of different uses including hosting discos, entertainment, karaoke and funerals etc. The lounge bar can cater for parties of up to 50 or 60 and has historically been used for live darts exhibitions and race nights etc.
SERVICE AREAS - Service areas include a beer cellar and a small staff service area between the public bar and the lounge bar which includes microwave etc. This area is used for the production of hot snacks etc.
Terms
SERVICES - We are advised that all mains services are connected.
TENURE - The business is being offered for sale on a freehold basis with no alcohol tie for the purchase of beers and spirits.
ALTERNATIVE USE - At present the pub trades as a busy locals bar. However, there is obvious alternative use which would be subject to local authority planning consent. This alternative use most obviously involves conversion to retail given the unit lies within a retail shopping parade.
RATEABLE VALUE - As per 1st April 2017, the rateable value is £11,110.
TRADING INFORMATION - Full trading information will be provided after formal viewing. However, we can advise the business performs profitably on turnover.
PRICE - The asking price is £120,000 to represent the heritable property, goodwill of the business and fixtures & fittings.
Specification
- Popular and traditional Public Bar
- Separate lounge bar
- Lock-up business / free of trade tie
- Would suit a couple/partnership team
- Same owners for the last 13 years
- Possible re-development opportunity (retail or residential STPP)