Description

Location

Herges on the Loch is situated within a scenic and attractive setting, adjacent to Tweedbank Park and immediately overlooking Gun Knowe Loch.  The premises are situated within the scenic border village of Tweedbank, a short distance from both Galashiels and Melrose. Tweedbank benefits from its own railway station, situated only five minutes’ walk from the subjects, which provides a fast link to the surrounding towns, as well as Edinburgh City Centre.

This is a first-class trading location, able to draw on many income generators within the immediate vicinity, including Gala Rugby Club, Melrose Abbey, the Borders Infirmary and the Border Crematorium, all of which are situated within a five-minute drive time. In addition, there is a population of over 50,000 persons, including Galashiels and Melrose, situated only five to ten minutes’ drive.

The premises provide an ideal setting for a food/function led business. In addition, a new pharmacy is to be constructed adjacent. The building is suitable for alternative uses that may include nursery, doctor’s surgery, health centre or veterinary surgery.

Description

Herges on the Loch is a purpose-built restaurant/public house that was constructed by our clients in 2010, and provides a contemporary, well fitted, licensed property. The premises include a large car park to the front, with space for approximately 30 cars. The main building is set in an elevated position, with virtually full height windows, overlooking Gun Knowe Loch.

Internally the premises have a highly attractive main restaurant, arranged over split levels, with high pitched internal ceilings, providing an excellent open ambience.

A building of similar quality and layout could not be developed for less than £950,000.

Accommodation

The premises have a gross internal area in the region of 5,000 sq. ft.  The accommodation is as follows:

Access

The main vehicular access is direct from Tweedbank Drive, the main road leading through the village of Tweedbank to Tweedbank Railway Station. This leads into the main car park to the front of the premises. Thereafter the premises are accessed directly from the car park.

Main Restaurant/Bar

The main restaurant/bar is arranged over split levels and includes a small bar area to the front, served by a timber bar servery, which runs into the main restaurant. Seating is provided within the main restaurant for approximately 100 persons, with contemporary furniture throughout. The main features of the restaurant are the virtual full height glazed frontage overlooking the loch and high internal ceiling.

Commercial Kitchen

Large commercial kitchen, complete with extraction and full catering provision.

Customer Toilets

Modern ladies and gent’s customer toilets.

Manager’s Office

Manager’s office, staff rooms, laundry room and a variety of preparation rooms/stores.

Car Park

Large level tarmacadam car park with space for approximately 30 cars.

Beer Garden

Accessed immediately to the side of the restaurant, highly attractive part sheltered beer garden, with good quality garden tables and chairs. We would estimate seating for approximately 30 persons.

Services

The property is connected to all mains services, including gas, electricity and drainage. Heating is provided by air conditioning.

Rates

The subjects are entered in the valuation role with a current rateable value of £34,000.

The Opportunity

Herges on the Loch was developed as a brand-new purpose-built licensed property by our clients in 2010. Our clients have had considerable experience in the licensed sector and the overall design of the building and fit out have been undertaken to a first-class standard throughout. The business has many income generators situated within the immediate vicinity and is an ideal opportunity for a management couple to acquire a first-class property and business.

Our clients currently operate the premises during the day and operate shorter hours, due to their personal circumstances. A purchaser or new tenant could develop the business further, by extending the opening hours.

Alternative Use

With a new pharmacy being constructed adjacent, Herges on the Loch also offers potential for alternative use.

The building is in superb condition and was only constructed in 2010. The floor plate is open plan, providing a blank canvass for other uses that may include a children’s nursery, doctors surgery, health centre, veterinary surgery or dentist.

The construction costs to develop a similar property would be in the region of £950,000.   Given the asking price, at £495,000 this is a superb opportunity for a suitable alternative use.

Sale Price

The premises have been placed on the market at offers over £495,000 for the benefit of the heritable interest and business, including all fixtures and fittings.

Lease Price & Rental

Our client will consider leasing the premises, depending upon the experience and quality of the incoming tenant.

Floor Plans

• Site and Floor Plans

  Site and Floor Plans

  

  

Dataroom

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