Tea Gardens Tavern
69 Causeyside Street, Paisley, Renfrewshire, PA1 1YT
Local gem now available to rent on short term tenancy agreement.
Established local pub known for its affiliation with Rangers football club and supporter of all major sporting events is now available to rent on a short term tenancy agreement. This well known bar provides quality live entertainment, coverage of all sporting events and boasts a private self contained function room.
The bar consists of a ground floor open plan bar area with the bar servery in the middle of the room. Behind the bar is access to the kitchen & downstairs cellar. In the basement their is a self contained function room with separate entrance to accommodate all manner of events and private functions.
Their is a 1 bedroom flat located above the pub.
|Annual rent||£29,500 per annum|
|Weekly rent||£567.31 per week fixed|
£29,500.00 per annum, £567.31 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit..
Entry costs approx £28,150.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£9,000||Working capital||£10,000|
|Other costs||£800||Total entry cost||£28,150|
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)|
Located in Causeyside Street, Paisley the bar is ideally situated on the main road linking paisley to Glasgow one way and Bridge of Weir the other. A large council car park is situated directly across the road from the bar providing cheap parking facilities with the main shopping centre in Paisley less than 10min walk away.