Commercial property for sale in Avenue Square, Stewarton, Kilmarnock KA3

Offers over £220,000
Commercial property for sale
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Property description

The ‘Stewarton Arms’ is a well-established, traditionally built public house within Stewarton Town Centre, occupying a mid-terraced position and contained over two floors with separate ground and first floor access as well as a rear garden enclosure.

The internal accommodation is traditional in style with an open plan main bar and adjacent pool area. There is seating for around 60 patrons. An internal stair accesses the first floor function room, having an independent front door access also. There are toilets on both floors.

The accommodation is as follows:

Ground Floor: Entrance vestibule, main bar, patron’s toilets, spirit store, cellar, general store.

First Floor: Function room, patron’s toilets, office, studio and general storage.

The property extends to the following gross internal floor

Ground Floor:180 sq.m(1,938 sq.ft)
First Floor:175 sq.m(1,884 sq.ft)
Total:355 sq.m(3,822 sq.ft)

The Rateable Value is £16,300 and the property qualifies for 25% rates relief via the Small Business Bonus Scheme, subject to occupier status.

Stewarton Arms is a well-established pub within Stewarton, widely considered to be one of the town’s busier outlets, with reported sales to be in the region of £5,000 - 6,000 per week. There is scope to improve upon past sales levels and perhaps diversify in to food sales, subject to the necessary consents.

The business was closed due to COVID19 and remains closed at the date of publication.

Offers over £220,000 are invited for our client’s heritable interest in the property and business as a going concern. The price quoted is exclusive of VAT and is sold without warranty.

EPC available upon request.

Each party to be responsible for their own legal costs incurred during the transaction.

LocationAvenue Square is the traditional heart of Stewarton Town Centre, located just off High Street and the location of the Town Hall, adjacent to the ‘Stewarton Arms’ with Ladbrokes on the other side of the property.

Stewarton is located within East Ayrshire around 5 miles north of Kilmarnock, 13 miles south west of Newton Mearns and 20 miles south of Glasgow. The ‘Bonnet Toun’ has a population of 7,500 persons with an array of new housing being developed.

Property info

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For more information about this property, please contact
D M Hall LLP, KA7 on +44 1292 373981 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by D M Hall LLP, and do not constitute property particulars. Please contact D M Hall LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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