· Prominent location at junction of Baillieston Road/Sandyhills Road
· Well maintained and finished to a good standard throughout
· Ground floor bar and first floor lounge/function room
· GIA of 173.29 sq.m (1,865 sq.ft) approx.
· EPC Rating ‘G’
· Offers over £100,000 invited
Location
The subjects are on the south side of Baillieston Road at its junction with Sandyhills Road and whilst there is a car sales garage and a BP petrol filling station in close proximity, the surrounding areas of Sandyhills and Mount Vernon are largely residential in nature. Baillieston Road is a continuation of Shettleston Road and links the district of Shettleston, less than a mile to the west, with the centre of Baillieston, approximately 1.5 miles to the east. A plan is attached showing the location of the property.
Accommodation
DESCRIPTION
The property comprises a standalone public house albeit within a traditional tenement building which is constructed of sandstone and has a pitched concrete tiled roof. The premises occupy basement, ground and first floor space at the building which also contains ground and upper floor flats in separate/private ownership.
“The Gables” has a traditional style public bar area off which there are male and female toilets. There is a mix of fixed and loose seating and generally the premises are well presented There is a timber built bar servery to the rear of which is a hatch/stairway leading to basement cellar/storage space with a street level beer drop.
There is a first floor lounge/function room with a direct access from the street and also from the public bar area. Once again, the accommodation is well presented and has a bar area, dance floor section plus male and female toilet facilities. Externally, there are two areas at the street frontage designated, and utilised, for pavement café external drinking for 8 persons. The subjects also have the benefit of a tarmacadam surfaced rear car park which is accessed off Baillieston Road.
FLOOR AREAS
The subjects have the following approximate Gross Internal floor areas:
Ground Floor Bar 60.56 sq.m ( 652 sq.ft)
First Floor Lounge 79.30 sq.m ( 853 sq.ft)
Basement Store/Cellar 33.43 sq.m ( 360 sq.ft)
TOTAL 173.29 sq.m (1865 sq.ft)
Terms
TENANCY DETAILS - The subjects are currently held by way of a tenancy agreement which expires on 14th December 2016 albeit, unless terminated, the lease will continue for a further year. The current rent is £24,100 p.a. Lease termination notice must specify a date and give not less than 12 weeks notice.
PRICE - Offers over £100,000 are invited for the purchase of our clients’ heritable interest in the subjects.
V.A.T. - Our clients have elected to waive exemption to VAT and accordingly VAT will be payable on the purchase price. It may be possible for the transaction to complete by way of a TOGC, however, interested parties will require to seek their own financial advice in this regard.
BARRELAGE - Our clients advise us that the MAT as at June 2016 was 146 barrels.