Bars for sale in Hawick

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Commercial Investment Opportunity in the Scottish Borders

Hawick, Scottish Borders, Scotland

  • Freehold Price: £180,000
Seller Reference: 16109829
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 16109829
Request Details
Business Description
CCL Property are delighted to bring to market this commercial investment opportunity. Trading as a fully licensed 80 cover restaurant premises with separate 60 cover public bar, this property is situated in the historic town of Hawick in the Scottish Borders. The building occupies a prominent position fronting Mayfield Drive within a residential catchment of town which benefits from a high volume of passing trade. An early viewing is recommended.

Situation:
The subjects occupy a prominent position fronting Mayfield Drive within a residential catchment of the Scottish Borders town of Hawick which lies in the heart of Roxburghshire. With prominent roadside presence, the property enjoys good visibility from the volume of passing local traffic.

The attractive and bustling town of Hawick is the largest of the Border towns and is internationally famous for fine quality knitwear. Attractions include Borders Textile Towerhouse in which the heritage of Scotland’s premier textile manufacturing region is presented and the towns history Museum and Scott Gallery. The annual Borders Common Riding event takes place in July drawing visitors from the region and beyond.

Surrounded by beautiful countryside, the town is well serviced with a range of facilities including primary and secondary schools, and health care facilities. It also provides a wide variety of amenities including hotels, tea rooms, bank, library, community centres, sports facilities, and a variety of shops.

Hawick lies in the centre of the valley of the Teviot with the A7 Edinburgh to Carlisle road passing through the town. It is also well placed for access to the A68 and connections to Berwick-upon-Tweed and Newcastle-Upon-Tyne, providing excellent transport links to the north and south. The town is approx. 55miles south of Edinburgh and 43miles north-west of Carlisle with both offering a wide range of services and amenities. Carlisle is also located on the Borders Railway line with onward connections north and to London and the South. The nearest major airports are at in Edinburgh and Newcastle (56miles south).

The Business:
Owner operated, the Mayfield trades as an easily managed bar and restaurant. The 60-cover public bar operates Wednesday to Sunday, while the 80-cover restaurant offers bar lunches and homemade evening meals Thursday to Sunday. The business has proven to be popular amongst locals and passing trade and due to its location, is well positioned to target residents from the immediate area. The business maintains a steady trade and benefits from year-round trade.

The Property:
The ground floor comprises: a public bar with service counter and freestanding tables and chairs providing space for c.60 covers with access to public toilets, a beer cellar and separate spirit store; a 80 cover restaurant with spacious dining/function room, lounge area and servery, with access to additional public toilets and two separate seating/courtyard areas. From this area, stairs provide access to the upper floor where the fully equipped commercial kitchen, prep/storeroom and the office are located.

The property provides flexible accommodation throughout and would suit a rage of uses should a change of use be of interest.

(N.B. there are no owner’s accommodation)

Services

This property has access to mains electricity, gas, water and drainage.

Trading Figures

This is a bricks and mortar sale only therefore no trading accounts or figures are available.

Viewings

Viewings are to be arranged via sole selling agents; CCL Property.

Tenure

This property is held on the Scottish equivalent of a freehold.

Legal Costs

Each party will be responsible for their own legal costs incurred in the transaction.

Price

Offers over £180,000 are being considered for the property and goodwill of the business.

External:
The property comprises a two storey detached building, set within its own grounds and is of traditional sandstone constructed with cream painted side elevation and slate roof. Outdoor seating is available within an enclosed terrace at the rear.

The property is accessed directly from Mayfield Drive and benefits from a large enclosed car park (750sq m/7588sq ft) which is located at the rear of the property and provides ample car parking.
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