1-3 Main Street, Bridge-of-Weir, Renfrewshire, PA11 3NR
Local landmark inn now available for lease. Excellent opportunity for talented operator with experience in food, drink and letting rooms. *Reduced rent available for the first year*
Excellent opportunity for talented operator to take on this well established local bar and front a full investment programme taking the Gryffe Inn onto the next level with upgraded facilities and a new offer.
The Gryffe is an old traditional inn situated on the main street in Bridge of Weir with easy access to nearby Glasgow & Paisley. The site has now come available due to the end of the current tenants lease. Earmarked for an extensive refurbishment this is the ideal opportunity for an enthusiastic, self motivated operator with a vision for this wonderful site. The successful candidate will take on initially a standard 5 yr agreement before converting to a turnover agreement post investment.
|Car park spaces||8|
|Rooms to let||7|
No private accommodation at this site
|Annual rent||£28,500 per annum|
|Weekly rent||£548.08 per week fixed|
£28,500 per annum, £548.08 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. Blended £108 Discount Available. Assisted purchase plan available to buy the balance of the fixtures & fittings.
Approx £16,358 which includes fixtures and fittings (25% with the remainder purchased through an assisted purchase scheme) stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). (Brokers fees not applicable in Scotland).
|Fixtures & fittings||£2,500||Working capital||£4,000|
|Other costs||£2,883||Total entry cost||£16,358|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Situated in Bridge of Weir, this pretty village lies within the Gryffe valley and provides a crossing point for the river Gryffe. The village today serves as a dormitory settlement for nearby Glasgow & Paisley although it contains a commercial centre of its own. The Gryffe Inn is situated on the prominent main road leading to Glasgow & Paisley and the main shopping area. The site also has a rear car park and is within 2mins walk of the village car park in this central spot.