POPULAR PUB AND OWNERS ACCOMMODATION FOR SALE
Price:
Freehold - £250,000
Location:
Scotland, Borders, Newcastleton
Business Type:
Commercial Property, Corporate Businesses, Pubs
THE TRAP
6 SOUTH HERMITAGE STREET
NEWCASTLETON
TD9 0QR
Popular “local” pub
Refurbished to a high standard throughout
Rear beer garden and smoking area
Substantial 2 bed detached bungalow to rear
Steady turnover with potential to develop business
OFFERS AROUND £250,000
The subjects comprise licensed premises contained within a single storey mid terraced cottage style property. The property is of solid stone construction set under a pitched and slated roof. The property has been extended to the rear by means of a single storey brick/block extension surmounted by a flat felt roof.
Internally, the property has been refurbished to a modern standard throughout. The bar has natural daylighting and contains feature painted stone walls, one of which incorporates a working fireplace with timber surround.
The new timber framed and clad servery has a polished counter, a mirrored spirits gantry and is well fitted for its established use.
Located within the extension to the rear is the beer cellar on one side and ladies and gents toilets on the other. Also provided to this side is the kitchen facilities, which are of a good standard.
The owner’s accommodation lies to the rear of the property behind the beer garden and is a detached bungalow with drive and garden/drying area. The property enjoys views to the front of the local village green.
There are two well proportioned double bedrooms with fitted wardrobes, a lounge, bathroom and modern kitchen which contains an oil fired Rayburn which fires the heating system. There are UPVC double glazed windows throughout.
Our client has owned the business for approximately four years, operating as a traditional village pub, which is well supported locally.
Income is derived from wet sales only and the business is operated by one full time member of staff with casual staff employed when needed with our client overseeing the operation of the business. The business would ideally suit a husband and wife team or similar to operate hands on. There is definite potential to develop the business by moving into food sales, as this is understood to have been popular in the past.
Opening hours are currently 11 am – 1 am (Fri - Sat), 4 pm – 12 pm (Wed - Thurs), 3 pm – 12 pm (Mon), and 12.30 pm – 11 pm (Sun). There is potential for extending the opening hours, although this is not done at present.
Functions are occasionally held at weekends such as discos. The pub caters for the local sports teams who hold their after game drinks in the bar and occasionally sandwiches/pies are provided. Sky sports is also installed in the bar areas, showing all the major sporting events on two televisions.
The pub is the elected pub for the local Copshaw common riding event and the real fire proves a popular attraction particularly in the winter months.
Financial documentation will be provided to interested parties after viewing. Sales for the year ended 31 March 2010 were £119,740, net of VAT, similar to that achieved in previous years.
The subjects are located on the South side of Hermitage Street at the West end of the village of Newcastleton - known locally as Cosphaw Holm.
Newcastleton is located in the heart of Liddesdale and is situated approximately 20 miles South of Hawick. The village was purpose built by the Duke of Buccleuch and is of historical importance.
The village is home to the local annual Copshaw common riding, a music festival and the Holm Show. Hermitage Castle is located circa 5 miles away. The village has local commercial facilities.
Detached bungalow, 2 bedrooms, kitchen, bathroom, lounge
UK Non-Specific
£ 800,000
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