Description

On the Instructions of Mitchells and Butlers Plc

PRICE REDUCED from Offers Over £435,000 to Offers Over £395,000

Location

The premises are located on the outskirts of Perth city centre. The city of Perth has a population of approx. 48,000 persons. Perth is also the Administrative centre of the Perth and Kinross Council area which has a wider catchment population of approx. 155,000 persons within a 30-minute drive.

The Fair Maid is situated in an attractive, elevated, roadside setting, on Dundee Road, with great views over the River Tay and the city of Perth.

This is a first-class trading location, able to draw on many income generators within the immediate vicinity, including Perth core retail centre, Perth Concert Hall, Perth Museum and Art Gallery and The Black Watch Castle and Museum, all a short walk/drive away. Kinnoull Woodland Park is also located to the rear. The subjects are also located in a generally affluent residential location with a good mix of quality housing in the immediate area. Further trade will also come from guests staying at the next-door Travelodge Perth Central, and the premises will capture passing trade off Dundee Road and the main A90 motorway, which connect Perth city centre to Dundee.

The premises provide an ideal setting for a licensed restaurant business.

Description

The subjects are formed within a two storey original stone constructed building, under a multi-pitched roof, clad in slate tiles. There is a large single storey extension to the front, plus two storey stone constructed projections to the rear.

 The subjects are located on an elevated site with tiered beer garden to the front and car park to the rear.

Accommodation

Access

Entrance porch and corridor serving the front and rear. Significant car park to the rear with vehicle access off Manse Road.

Dining Areas

Bar with lounge dining (23) off the entrance with timber bar servery. Restaurant area seating (46) on predominately loose seating. Further seating to the front and side for (24) plus a part raised family seating area to the rear (26). There is a glazed front elevation with views to the beer garden and across the River Tay to Perth.

In total there are covers for approx. 119 persons, with further potential to improve and increase the trading areas after refurbishment/reconfiguration.

Commercial Kitchen

Extensive kitchen areas with extraction and full catering provision. In addition, there is a chef’s office, freezer store, meat cooking area, vegetable store room, walk-in fridge and freezer, dry store, chilled store, prep kitchen, wash up and dish wash.

Ancillary Accommodation

Staff room, shower room, laundry room and chemical storeroom.

First Floor

Ancillary Accommodation

Staircase walkway access from the car park to the former flat and office accommodation. Comprising large meeting/function room, former nursery room, domestic kitchen, former bedroom with bathroom off.

External

Beer Garden

South west facing tiered beer garden to the front seating 46 persons on timber picnic benches.

Car Park

Substantial car park to the rear, shared with Travelodge, providing ample dedicated parking.

Services

The property is connected to all mains services, including gas, water, electricity and drainage. Heating is provided from a wet led radiator system, fuelled by a gas fired boiler, supplemented by heating/air conditioning units to the trading areas.

Rateable Value

The subjects are entered in the valuation role with a current rateable value of £53,900, for the 1st April 2017 Rating Revaluation. The rateable value is currently under appeal.

The Opportunity

The Fair Maid is a fantastic heritable or leasehold licensed restaurant opportunity with great trading potential in a desirable location in Perth. The premises achieved historic sales in excess of £1M per annum net of VAT. The business recently closed to facilitate this sale and no current trading information is available.

The licensed premise is anticipated to be of interest to national corporate operators, experienced private individuals and multiple operators alike, ripe for refurbishing and rebranding to provide a fantastic licensed bar/restaurant offering.

Sale Price

The premises have been placed on the market for sale at offers over £395,000 for the benefit of the heritable interest, including all fixtures and fittings.

 Lease Price & Rental

A long-term lease is available at rental offers.  Premium offers are invited for the new leasehold, to include ownership of all tenant fixtures, fittings and catering equipment.

Floor Plans

• Fair Maid Licensing Plan

  Licensing Plan

  

Dataroom

There are no property datarooms available