Under Offer

Tea Gardens Tavern

69 Causeyside Street, Paisley, Renfrewshire, PA1 1YT

Gallery

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Pub overview

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.

Trade space
Bars 1
Dining rooms 1
Food covers50
Function rooms 1
Trade kitchens 1

Their is a 1 bedroom flat located above the pub.

Private space
Private Rooms4
Lounge1
Double bedrooms1
Private Kitchen1
Bathrooms1

Rent information

Annual rent£29,500 per annum
Weekly rent£567.31 per week fixed
Notes

£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).

Brokers£0Legal£825
Deposit£7,375Stocktaking fees£150
Fixtures & fittings£9,000Working capital£10,000
Other costs£800Total entry cost£28,150

Agreement description

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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/1819228
2016/17250459369
2015/1627733272
Volume notes

Location

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.

Facilities

Trade bar
Dining area
Function room
Trade kitchen

Current premises licence opening hours

Sunday-Thursday: 11:00hrs-00:00hrs Friday-Saturday:11:00hrs-01:00hrs

Contact Us

Sandra Donnelly

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ Well established local bar with good reputation for live music and a strong link to Rangers football club. This is a well known sports bar (predominately Rangers supporters) that show all live sporting events on their many screens situated around the pub. ”