Description

LOCATION

The 3 Cheers Public House is situated in a highly prominent position on Paisley Road West, a major thoroughfare connecting the city centre to Paisley. The premises benefit from a significant passing trade.  

The premises lie close to income generators, including the Quay Leisure Park, the Grand Ole Opry venue, and residents from the densely populated surrounding residential flats. In addition, the premises lie a short distance (approximately 15 minutes’ walk) from the core city centre.

DESCRIPTION

The public house is arranged over the ground floor and basement of a four storey and basement, traditional sandstone constructed tenement building, under a pitched roof clad externally in slate.  There is separate access to the main ground floor bar and function suite over the basement directly from the front.

ACCOMMODATION

The internal accommodation is as follows:

GROUND FLOOR BAR

Open plan bar area with timber bar servery set to one side. There is a mix of fixed back seating with loose timber tables and chairs and high stools. We would estimate total seating for 35 persons.  There is a separate DJ booth.

Customer Toilets

Ladies and gent’s customer toilets are situated to the rear.

BASEMENT

Access

The basement is accessed from a door and stair from the ground floor and has a separate access. The basement bar is used generally as a function suite. A DJ booth and raised stage are set to one side. There is a timber bar servery. Seating is provided from fixed back seating and loose tables and chairs.  We would estimate seating for approximately 40 persons, although functions can be accommodated up to approximately 100 persons.

Customer Toilets

Ladies and gent’s customer toilets are situated to the rear.

Service Areas

Service area situated to the rear, including former kitchen (not in use), manager’s office, store, cloak room and large beer cellar.

RATEABLE VALUE

The premises have a Rateable Value of £11,400 as of 1st April 2023.

SERVICES

We understand that the premises are connected to all mains services, including gas, drainage, and electricity.

PREMISES LICENCE

There is a premises licence in place, regulated under the 2005 Licensing (Scotland) Act. This will be held by the Landlord with the tenant providing a designation on-site premises manager.

THE OPPORTUNITY

The 3 Cheers Public House is situated in a very prominent position on a busy arterial route. In addition, there are income generators, being the Quay Leisure Park and The Grand Olde Opry, situated within the immediate vicinity.

The premises would be ideal for an experienced publican to continue the use as a community public house. Alternatively, the premises may be suitable for alternative use, particularly given the large basement area, which could be suitable as a dance studio, gig venue or other. A split between the ground and basement may also be considered.

THE LEASE

The premises are available on a new lease agreement. The asking rental is offers over £17,500 per annum. There is a NIL PREMIUM.

The incoming tenant will be obliged to purchase draft beer products from the landlord, although a significant discount will be provided back to the tenant. A deposit will be required from an incoming tenant.

PRICE

Our client will also consider a sale of the premises, although their preference is to lease. For an indication of sale price, please contact CDLH.

EPC

The property has an EPC rating of G.

VIEWING AND FURTHER INFORMATION

For further information, or for an appointment to view, please contact CDLH on 0141 331 0650.

ANTI MONEY LAUNDERING

The Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017 came into force on the 26th June 2017.  This now required us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof or funds for the purchase before the transaction can proceed.

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available