The Tavern Bar is situated in a busy main road location, close to high density housing and 10 minutes’ walk from Celtic Park Football Ground and the Emirates Stadium. The property lies adjacent to a development site, with proposals for a significant residential development adjacent, although planning consent for the development has yet to be obtained.
The immediate location has seen significant investment over the years, and the property is suitable to a number of uses, including the existing use as a public house, but also potential conversion to a restaurant or commercial use.
The subjects comprise a single storey part pitched and slated roof, and part flat roof, end terraced building, with a render mock Tudor frontage.
The internal accommodation, which we estimate has a gross internal floor area of approximately 2,100 sq. ft., is as follows:
Traditional public bar, with a horseshoe bar servery and seating for around 30-40 persons. Darts lane.
Large lounge bar/function room, currently with seating for around 30 persons, but capable of seating significantly more. Back to back servery with public bar.
There is an extensive beer cellar, storage, small office area, and a dated kitchen, which could be re-fitted to create a large commercial kitchen.
The premises have a Rateable Value of £15,700.
We understand the premises are connected to mains water, electricity, gas and drainage. We understand that heating is from a gas fired boiler.
There is a premises licence in place, which will be transferred to a purchaser.
The property is owned by Star Pubs & Bars and has been leased out over the years on a traditional tied tenancy agreement. At present, there is a short term tenant in place and the premises are offered with vacant possession.
As Star Pubs & Bars do not directly operate the business, there is no financial or accounting information in relation to the operation.
The property, however, offers a significant opportunity to an incoming purchaser. There are early stage proposals for a large residential redevelopment of an adjacent site, and on match days, the property will also benefit from a significant influx of supporters to the Celtic Football Ground. This is a densely populated area and the property is suited to the existing use or alternative redevelopment options.
Our clients are seeking offers over £149,500 (plus VAT if applicable) for the benefit of the heritable interest.
The property has an EPC rating of D.
Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.
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 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 of funds for the purchase before the transaction can proceed.
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