Restaurant/cafe for sale in Gibraltar Street, Oban PA34

Former Patisserie, Coffee Shop and Takeaway. Substantial freehold property. Immaculately presented throughout. Available with vacant possession. Retirement sale/business had same ownership for 18 years. Would suit a variety of uses. Annual rent £22,000.
Freehold £230,000.
Leasehold Premium £35,000.

The property occupies a prominent and highly visible location on the corner of Gibraltar Street and Combie Street in the heart of the popular Argyll town of Oban. Commonly known as the Gateway to the Isles, Oban itself is a hugely popular tourist destination, predominantly during the summer season when the town can play host to up to 25,000 people but also during the remainder of the year for visitors who use it as a base for touring the surrounding area and as a starting point for the majority of the crossings to the Hebridean Islands from its ferry terminal.

Also known as the “Seafood capital of Scotland”, Oban has many quality restaurants and cafes on offer along with a wide selection of hotels and guest houses.
Scotlands largest city Glasgow can be reached within a two-hour 15 minute drive through the beautiful Loch Lomond and Trossachs National Park with Scotlands capital Edinburgh approximately 3 hours away.

Our clients had owned and operated this business in Oban for over 18 years, creating Bossards, patisserie/coffee shop from a former restaurant on this site. After numerous awards and many, many happy customers our clients have decided to retire therefore have placed the property on the market and closed the business.

There is an alcohol licence for indoors and outdoors in place therefore the site has many possibilities from being a bar/bistro/restaurant or to continue more along the lines of a coffee shop. There is an excellent outside space alongside where the walkway has all just been recently upgraded which is perfect for some outside covers.

Our client would consider a freehold sale or a leasehold option is also available.

A guide price of £230,000 is sought for the property, goodwill and all fixtures & fittings pertaining thereto.

Leasehold option - £35,000 premium and £22,000 rent per annum.