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The leasehold of this fully furnished public house with all of its stock, fixtures, and fittings are available to purchase located in a highly-visible part of Galston in this beautiful East Ayrshire town.
Free of tie, the current annual turnover for the Bucks Head Tavern is in the region of £150,000, with other income from the pool table, slot machines, and music securing a further £8,000 per annum.
The property is in good condition and is in walk-in condition for new occupiers.
Located centrally with high passing trade and visibility, the Bucks Head is available for offers over £10,000, with a new lease of £11,500 per annum available to be negotiated with the current landlord.
8-10 Bridge Street comprises a building of red sandstone construction under a slate-covered roof arranged over two floors totaling 1,382 sq ft.
The property is located on the northmost side of Bridge Street and occupies a prominent position within Galston town centre.
The subjects comprise a mid-terraced building of cavity block/brick construction arranged over two floors.
A warm welcoming entrance area leads directly to the bar area, with a small seating area, standing area, and DJ area all within the initial entrance.
To the rear of the building is a larger seating area with a pool table, as well as welfare facilities for customers.
The cellar is located in the basement of the property, which also includes a large kitchen area and store room. There is a rear door for deliveries also.
A full list of what equipment is included can be provided to any interested parties.
A CENTRAL LOCATION
The subjects are situated on Bridge Street within Galston town centre and are surrounded by several other SMEs and traders, both independent and national.
Galston is a predominantly residential and commuter town located some 5 miles east of Kilmarnock and 25 miles south of Glasgow on the A71 trunk road.
The town has a population of some 5,000 persons and a catchment significantly in excess of this. Traders in the town include Bank of Scotland, Tesco, and Co-op
The town is located approximately 23 miles southwest of Glasgow, 16 miles northeast of Ayr, and 13 miles east of Irvine via the A77/M77 and A71 trunk roads respectively.
Frequent bus services connect the town to both Kilmarnock and Irvine to the west, with on-street parking also in close vicinity.
The current lease has 10 months left, with a further option for a 12-month extension. The landlord is open to negotiation of a new long-term lease for the new proprietor, with a proposed rental figure of £11,500 per annum.
Viewings can be arranged by appointment with Bowman Rebecchi.
The business has previously traded each day from 11:00 - 00:00 each day, with extended hours until 01:00 on Thursday, Friday and Saturday.
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
Ground floor - 129 sq m (1,382 sq ft)
Rates - From the Assessor’s website, the property had a Rateable Value of £11,250. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.
EPC - The property currently has an energy rating of G. A copy of the EPC is available upon request.
Entry - The current tenant is flexible with requests.
Price - The current tenant is looking for offers over £10,000 to acquire the leasehold, with all stock, equipment, fixtures, and fittings also included. Purchasers are able to negotiate a new FRI lease in the region of 5-20 years, with an annual rental of £11,500 per annum (excluding VAT).
Planning - The subjects currently benefit from a drinks licence. All planning queries should be made directly to East Ayrshire Council.
Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
For further information, please contact Bowman Rebecchi.