Pub/bar for sale in West High Street, Greenlaw, Scottish Borders TD10
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
The Borders enjoys a rail link to Edinburgh with the train terminus at Tweedbank, 17 miles west as well as a connection to the East Coast Main Line at nearby Reston, 17 mile east. Other centres located close by include Berwick upon Tweed (20 miles) and Galashiels (21 miles).
The town is home to circa 800 residents but this swells in the summer months with tourists and visitors. The town has a well-regarded caravan and holiday park with the stunning scenery of the Lammermuir hills all around. Greenlaw also boasts a village shop, butchers, pharmacy and primary school.
The Blackadder Bar and Restaurant is the only licensed establishment in Greenlaw, occupying a prime roadside trading position on the main road leading through the town. Historically, the business has been a very popular village business and remains trading strongly from food and wet sales.
The business has been in our clients hands since 2016 and underwent a significant refurbishment on ground and partial first floor before opening to trade in April 2017. Initially the business was run under management and traded impressively reporting a gross turnover circa £250,000 prior to Covid. In the recent past, our clients have let out the business on an informal lease on an initial passing rent of £15,000 per annum. The rent is due to rise to £18,000 per annum in due course.
The property is being offered on a freehold basis and vacant possession may be granted for purchasers wishing to run on a hands on basis.
Freehold Guide price £195,000.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cornerstone Business Agents, and do not constitute property particulars. Please contact Cornerstone Business Agents 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.