Description

LOCATION

Ramage’s Bar is situated in a prominent position, within the centre of Kilbirnie.  The premises are situated on Newton Street, which provides a continuation of the B780/Main Street, the main arterial route running through the centre of the village.  The premises are accessed directly from Newton Street, with a prominent frontage onto the busy road.

Kilbirnie is situated approximately 20 miles south west of Glasgow City Centre and 10 miles from Paisley, and has a population of 9,000.  The town has become a popular commuter village, serving the larger towns/cities.

DESCRIPTION

Ramage’s Bar is arranged within the ground floor and basement of a three storey stone constructed building.  The premises are accessed directly from the front of Newton Street.  In addition, there is a separate self-contained access leading to the first floor flat.

ACCOMMODATION

GROUND FLOOR

Access

The main public bar is accessed directly from the front.  There is an entrance vestibule and doors to the main trading area.  

Bar

Attractive single bar, with timber bar servery set to one side.  There are high level windows, providing natural light and seating for approximately 25 persons from a mixture of fixed back, loose chairs and high bar stools.   The bar area is an easily managed operation, with attractive decorations, including timber dado walls and a timber effect lined floor.  In addition, ceiling heights are high, providing an attractive ambience.

Ancillary Accommodation

Ladies/accessible toilet, gent’s toilet and stores.

FIRST FLOOR

Access

There is a separate access and staircase leading to the first floor flat.

Owner’s Flat

Large double bedroom, with store off, separate kitchen with breakfast and window to rear, large family bathroom and living room, with windows to the front, providing excellent natural light.  Two stores.

BASEMENT

Access

The basement is assessed from a timber stair to the rear of the bar servery.  In addition, there is a secondary access externally from the side of the premises.

General Store Area

General store area, with excellent ceiling height.  In addition, there is a partitioned rear chill room and spirit store situated off.

RATEABLE VALUE

The premises have a Rateable Value of £7,400 as at 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.  The premises licence will be transferred to a purchaser.  The Rateable Value is below the small business threshold, with no rates payable to a single commercial owner.

TRADING RECORDS

The business enjoyed a high level of turnover, at approximately £182,000 to year end 30th September 2022.  

The business is currently operated under management.  In our opinion, the business could operate at an adjusted profit in the region of £40,000 to £45,000 after adding back an element of management salaries.  Full accounts will be provided to seriously interested parties.

THE OPPORTUNITY

Ramage’s Bar is situated in an excellent trading position within the centre of the village.  The premises provide an easily managed single bar operation, with the added benefit of a good quality first floor flat.

The premises and business would be ideal for either a private individual or couple to live in the premises and operate the business direct.

SALE PRICE

Ramage’s Bar, inclusive of the first floor flat, has been placed on the market at Offers Over £149,000 for the benefit of the Heritable interest and business.

LEASE PRICE

Lease now considered.  NIL PREMIUM.  Rental Offers Over £19,500 per annum.

EPC

The property has an EPC rating of G.

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 requires us to conduce due diligence on property purchasers.   Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.

ADDITIONAL INFORMATION

VIEWING – STRICTLY BY APPOINTMENT

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available