‘The Lemon Tree’ is an established town centre pub contained within a part two and part four storey terraced property of traditional construction.
The building contains a well presented but traditionally styled public bar with snug seating area at ground floor level together with a manager’s office, beer cellar and both male and female toilets. A central stairwell provides access to the upper floors with the first floor offering a function suite with its own bar, previously used as a restaurant, a larder and additional male and female toilets.
The second floor consists of a kitchen, which closed in 2014 but remains fully fitted (equipment not warranted) together with a utility room and chefs room with toilet. The attic floor contains four private rooms used for storage but with potential for conversion to owner’s accommodation.
Location
Main Street is the commercial thoroughfare within Kilwinning and a pedestrianised location with the business occupying a prime position close to Tesco Express, Greggs, William Hill, Ladbrokes and RBS, amongst others.
Kilwinning is a growing town of around 16,000 residents within North Ayrshire region, approximately 25 miles south west of Glasgow and 4 miles north of Irvine. Kilwinning railway station offers regular services to Ayr, Edinburgh, Glasgow and Stranraer, whilst the main Ayrshire bus routes run through the town not far from the property.
Accommodation
From our on-site measurements and on a gross internal basis, the property extends to the following floor areas:
Ground Floor - 110 sq.m (1,184 sq.ft)
First Floor - 110 sq.m (1,184 sq.ft)
Second Floor - 69 sq.m (743 sq.ft)
Attic Floor - 55 sq.m (592 sq.ft)
Total - 344 sq.ft (3,703 sq.ft)
Terms
RATING - We note the Rateable Value to be £XXX The property qualifies for 100% rates relief via the Small Business Bonus Scheme, subject to occupier status
BUSINESS - ‘The Lemon Tree’ is a well-established business that has latterly been operated under management with one full time and three part time members of staff. The business is open seven days, trading between 10am-midnight Monday to Thursday, with a 1am finish on Friday and Saturday and open XXXm-midnight on a Sunday. Limited financial trading information is available although sales for the year ending 30 November 2015 are in excess of £XXX The business would suit an owner occupier and has potential for improvement in its wet sales as well as the re-introduction of food sales.
PRICE - Offers over £XXX are invited for our client’s heritable interest to include the goodwill, fixtures and fittings. Prices are quoted exclusive of VAT, if applicable.
FINANCE - DM Hall are in regular contact with the specialists involved in the financing of business and property purchases in Scotland and would be happy to effect the necessary introductions if required.
EPC - Available upon request.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction.
Specification
- Traditional town centre public bar free of tie
- Upper floor potential for restaurant use, or, development
- Gross Internal Area 344 sq.m (3,703 sq.ft),
- 100% rates relief available, subject to status
- Offers over £XXX are invited