Bars for sale in Hamilton

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Fantastic leasehold pub opportunity in Hamilton, South Lanarkshire nr Glasgow

Hamilton, South Lanarkshire, Scotland

  • Leasehold Price: £30,000
  • Annual Turnover: £310,000
Seller Reference: Libertine
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Business Description
 
 
 
 
 
 
 
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Seller Reference: Libertine
Request Details
Business Description
THE LIBERTINE
3-5 Castle Street, Hamilton, ML3 6BU

• Very well fitted public house- modern design with period features
• Prominent location within busy licensed circuit
• Currently run under management
• Single bar operation- 100% wet led
• Feature arched windows with bi-folding doors-open onto Castle St
• Close to all local amenities on pedestrianised street
• T/O for year end March 19 was c. £310,000
• Potential to add a simple food offering

LOCATION
The property has an excellent trading location, within a popular retail and licensed circuit on the pedestrianised Castle Street, only yards from the junction of Keith Street and Cadzow Street within the town of Hamilton in South Lanarkshire.
Surrounding amenities include Hamilton Palace retail park which is home to many large national retailers and restaurants as well as the VUE cinema, and the Hamilton Park Sports Ground.
The surrounding area is a hive of commercial activity and benefits from high levels of footfall from the many surrounding amenities. These include Hamilton Racecourse, Douglas Park BMW, McLaren & Bentley Showrooms, as well as South Lanarkshire council’s HQ, Sherriff Court, Hamilton Water Palace and the Hamilton Campus of the University of West of Scotland.

Hamilton is a thriving town and is also popular with commuters with strong transport links enhanced by the recently upgraded Raith Interchange, providing easy access to Glasgow (12 miles) and Edinburgh (35 miles). The town is also served by 3 railway stations.

THE BUSINESS
Our clients have owned the pub since 2014 and since purchasing the property it has benefitted from a complete refurbishment and as a result is presented well with no capex required. Currently run under management the pub forms part of a larger private portfolio and it offers an excellent opportunity for any discerning operator to get into a busy pub circuit and run it as an additional licensed venture or as a single unit owner.
The pub has built up a good name in Hamilton, turning over in excess of £300k net of vat from wet sales only. The venue has bi-folding doors which open the front of the bar, directly on to Castle street, making it extremely popular in good weather and bank holidays. The venue also has a full operational PA system and attracts a busy nightlife clientele. Previously there was a small food offering given which gives a further option for any new owner to potentially explore this additional income stream.

The public house forms the ground floor, with basement accessed via a hatch behind the bar, of a traditional 2 storey red sandstone tenement and is instantly recognisable due to its bright façade, with feature arched windows with bi-folding doors. The property is currently run under management and is presented in excellent order both internally and externally. The arched windows with bi-folding doors open out onto Castle St offering outside seating.

INTERNAL DETAILS
The property is accessed directly from Castle Street and is presented to a high standard throughout incorporating various features including ornate cornicing, pillars and decorative arched window/doorways. Whilst traditional features are retained the décor is a fairly modern design with a large wooden bar and gantry along the back wall. Seating is by way of high freestanding tables and chairs, bar stools and booth style seating, set upon decorative wooden and tiled flooring (c. 50 covers). There is also a free-standing DJ booth, 4 flat screen televisions, CCTV and additional outside seating. To the rear of the bar is a small office/cloakroom, which was previously used as a small kitchenette. Access to the cellar and additional storage is by way of a floor hatch behind the bar.
Trading hours:
The venue is licenced from: • 11am-12am Sun-Thursday • 11am - 1am Friday and Saturday Normal oper
Tenure:
Leasehold
Location Details:
The property has an excellent trading location, within a popular retail and licensed circuit on the pedestrianised Castle Street, only yards from the junction of Keith Street and Cadzow Street within the town of Hamilton in South Lanarkshire.
Leasehold Term:
Our clients are prepared to offer a fresh, full repairing and insuring (FRI) lease, for a period of negotiable duration and are seeking rental offers of £20,000 per annum.
Downloadable Documents:
Listed by:
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