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Licensed Premises With Accommodation, Wellingtons Bar, 17 Wellington Square, Ayr, KA7 1EZ

not specified / Leisure / Pubs/Bars/Clubs

For Sale - £350,000.00

Available - Last updated: 24 June 2019

Wellingtons Bar occupies the lower ground and part of the ground floor of a stone and slate terraced Georgian property whilst the separate owner’s accommodation enjoys a private location in a courtyard to the rear.

The premises are finished along traditional lines and is well appointed throughout including bar area together with a fully fitted commercial kitchen, cellarage and modern customer toilets.

The owner’s accommodation is completely detached from the main bar premises and is a generously proportioned 2 bed house with large lounge area, kitchen and modern bathroom.

Location

The subjects are located on Wellington Square opposite public gardens and within close proximity of both Ayr town centre and the beach esplanade. 

The area is busy both day and night with a combination of workers, local residents and visitors to the beach. 

Ayr is the principal settlement in the South Ayrshire Council area based around 40 miles south-west of Glasgow and with a resident population of around 46,800. 

Accommodation

Wellingtons is a long established and popular local venue which has been in the same ownership for 28 years and the owner now wishes to retire. The business is essentially wet sales led and is an award winning Real Ale venue although with a lunchtime food menu.

The business has been consistently profitable and is showing increasing levels of turnover there is however scope to further develop trade particularly the food side of the operation.

Further information can be provided including accounts details to interested parties after viewing.

Terms

RATING ASSESSMENT - The property is currently assessed with a rateable value of £12,600 whilst the owner’s accommodation to the rear is assessed with Council Tax Band “B”.

Under the Small Business Bonus Scheme the commercial premises quality for 100% rates remission.

ENERGY PERFORMANCE CERTIFICATE (EPC) - The property has the following ratings:

Owner’s Accommodation – “D 56”
Licensed Premises – “G 159”

A copy of the EPC’s are available upon request.

PRICE - Offers over £350,000 are invited plus S.A.V.

COSTS - Each party will be responsible for their own legal costs incurred in the transaction.

VALUE ADDED TAX - All prices, rents and premiums, where quoted, are exclusive of VAT.

Prospective purchasers/lessees are advised to satisfy themselves independently as to the incident of Value Added Tax in respect of this transaction.

ANTI MONEY LAUNDERING REGULATIONS - 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.

Specification

  • Long established well known venue
  • Consistently profitable business with increasing turnover
  • Includes generous owner’s accommodation
  • The bar qualifies for 100% rates remission under the SBBS
  • Sale due to current owner’s retirement
  • Offers over £350,000

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale £350,000.00 NA

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Contact agents

Kevin Bell

Shepherd Commercial

01292 400049



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