Residential/Commercial Development/Refurbishment Opportunity
The Former Glen Bar & Restaurant, Carradale, Argyll PA28 6QG
Offers in excess of £70,000
CLOSING DATE - 12 NOON ON 13TH JUNE 2013
Peaceful rural location in popular tourist village
Extensive bar and restaurant premises in need of repair & refurbishment
Attached three-bedroom owner’s accommodation
Large site with car-parking and further development potential
Location
Carradale is a small village on the east coast of the Mull of Kintyre approximately 16 miles to the north of Campbeltown and some 120 miles from Glasgow. Carradale is accessed via the A83 (T) Campbeltown trunk road and for the last 25 miles on single-track B-roads. The village is popular with sailors and tourists during the summer season and features a working fishing harbour, golf course, a large caravan and camping park and the spectacular sandy beach at Carradale Bay.
There is a small local shop providing day-to-day essentials with more extensive retail facilities available in Campbeltown. There are also two hotels, a post office, primary school and surgery.
From Tarbert the road to Kintyre reveals some of the most spectacular coastal scenery on the West of Scotland, where the wonderfully unspoilt peacefulness attracts regular visitors, especially walkers, golfers and artists. The “Kintyre Way”, together with the new golf course at Machrihanish, is bringing increased numbers of tourists and visitors to this delightful part of Argyll.
Situation
The property is situated in a highly visible position at the junction of the B842 (being the B-class road from Campbeltown in the south and Tarbert in the north) and the B879, which leads through the village to the harbour. The village Post Office and medical centre is nearby and the large caravan and camping site is less than a mile walk away.
Accommodation
Description
The property comprises two main parts: A three-bedroom, single storey house; and, the bar/restaurant commercial premises. The residential property has been the subject of internal renovation works to provide three, good-sized bedrooms, one of which has an en-suite shower room, living room, dining hall, kitchen and bathroom. There are also a number of separate stores to the rear of the house accessed from a covered walkway. There is also a reasonable size garden area to the side and rear.
The commercial element of the property comprises a large restaurant/dining room, measuring approximately 60m2 (650ft2) and a separate lounge bar, extending to some 110m2 (1,200ft2), each with their own access from the main road. There is a large commercial kitchen, ladies’ & gents’ toilets and various stores. The property also benefits from off-road car parking to the side and rear.
Both the house and bar/restaurant premises have been vacant for some time and are in need of repair/refurbishment.
The Business
The Glen Bar has previously traded all year round and formed an important and integral part of the local community as well as a first class refreshment destination for locals, tourists and visitors alike. New owners can either resurrect this business, with new initiatives and ideas, or look at an entirely different use for the property.
There is no current alcohol licence however the premises have previously held a Public House Licence with Regular Extensions and Children’s Certificate.
Development Potential
Subject to the appropriate statutory consents, we believe that the property has potential for conversion to residential, holiday letting units, retail shop, bunk-house with café, or any number of other potential uses that can benefit from the unique location and tourism opportunities in the vicinity.
Tenure
The Heritable interest in the property is offered for sale with vacant possession.
Energy Rating/Home Report
The commercial premises have a current energy rating of G. The residential parts have an energy rating of E(49).
Rateable Value
The bar/restaurant has a current rateable value of £5,300 and consequently may qualify for 100% small business rates relief for eligible parties. The residential property is band D for Council Tax.
Terms
Price
We are seeking a price in excess of £70,000 for the Heritable (Freehold) interest in the property.
Given the current condition of the buildings, it is unlikely that the property will be deemed suitable as security for a loan.
Legal costs
Each party will be responsible for their own costs incurred with this transaction.
Entry
Immediate entry is available upon completion of legal formalities.
VAT
All rents and other sums are quoted exclusive of any VAT that may be payable. VAT is not currently charged on the rent.