6 Waterside Street, Strathaven, Lanarkshire, ML10 6AW
Popular newly refurbished town inn now available to let.
Excellent business opportunity for the multifaceted operator looking for many income streams from the one venue. This pub comes with the full package: 2 flats, bar/ lounge and function suite with large beer garden to the rear of the property. New fitted kitchen capable of delivering substantive food offer.
The pub boasts open plan bar/ lounge, function room and beer garden. A new fitted kitchen was completed December 2016 and has delivered a substantive food offer well received by the locals. This site offers many income streams (food, drink, entertainment, sport, alfresco drinking and dining & private function room). The ideal venue for an experience operator to really leave their mark.
|Rooms to let||2|
There are 2 flats with this property; One 2 bedroom and one 1 bedroom (recently upgraded). both flats can be sublet by the tenant to provide another income stream here.
|Annual rent||£35,000 per annum plus 7% Turnover Royalty|
New Turnover agreement with a base rent of £35,000, £673.08 paid weekly by direct debit subject to credit check.
Entry costs approx £32,935 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking & training fees, working capital and deposit (25% of head rent, minimum £6,000). *Other costs include mandatory 3 day training course at £800 plus PEAT & Safestart modules.* *F&F cost is allowing for 25% down payment on an AP agreement, total F&F is circa 49k to be confirmed.*
|Fixtures & fittings||£12,250||Working capital||£10,000|
|Other costs||£960||Total entry cost||£32,935|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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)|
The bar in situated in the centre of the town of Strathaven at the edge of river on Waterside Street. The Town is located on the edge of the valley on the Avon river, around 6 miles from Hamilton & East Kilbride and 18.2 miles from Glasgow. The A71 which connects Edinburgh & Kilmarnock passes through the town. There is a strong provision for public transport within a short walking distance, with bus stops a short walk away serving local & regional destinations. Estimated population is 7,700.