The subjects comprise a traditional licenced premises contained over the ground and first floors of a mid-terrace 4 storey and attic ‘C’ listed building of traditional stone construction surmounted by a pitched and slated roof. The principal accommodation is positioned over ground and first floor levels with W/C facilities on both and cellarage at lower ground level. The ground floor consists of the main bar area with seating, gents w/c and cellar. On the first floor is further seating/function area, kitchen and ladies w/c. As one of the oldest pubs in Stirling, opening its doors in 1718, the inside of the premises has kept to its traditional styling and décor which helps to promote the pubs family friendly atmosphere. The property is suitable for immediate occupation and requires minimal capital expenditure.
Location
Stirling, which was granted City status in 2002, has a population of circa 36,000 persons and is an important regional centre of the Stirling District of Central Scotland, providing the administrative, retail, leisure and commercial facilities for the surrounding area. The City lies on the Bank of the River Forth and is located approximately 26 miles to the North East of Glasgow and 30 miles to the North West of Edinburgh.
The subjects are located in Stirling’s busy city centre on the south side of Bakers Street, a short 5 minute walk from Stirling’s train station. The subjects are located close by to other local restaurants, pubs and hotels, including Stirling’s vibrant shopping district, which brings plenty of footfall to the local area.
Accommodation
The premises have been measured in accordance with the RICS code of measuring practice 6th edition. The floor areas are approximately as follows:
GIA: 1,669 sq ft (155.12 sq m)
We would summarise the accommodation as follows:
Ground floor: Main bar/seating area, gents W/C and cellar.
First Floor: Seating area/function room, ladies W/C and kitchen.
Terms
THE BUSINESS
Our clients have owned the business for over 20 years, having let out the business for a period before taking it over again 4 years ago. The business offers a great opportunity for a couple to run or an experienced operator to add to their portfolio and further develop the income and profits currently generated.
Nicky-Tams benefits from an excellent reputation achieving a rating of 4.5/5 on Trip Advisor and provides a traditional pub business which also offers hot food.
Currently, our clients focus mainly on wet sales so there is an ideal opportunity for any new owner to increase food sales with all meals being home made and receiving good reviews.
A varied selection of local musicians play throughout the week with an open mic night on Wednesdays helping to draw in the large population of local students as well as visiting tourists. The large seating area on the first floor provides ideal space for functions such as birthdays, christenings, engagements and similar.
Our clients run the business hands on with support from 4 full time staff and 2 part time staff and are open 7 days a week.
Further information in respect of the business can be obtained from its informative website www.nickytams.com
Financial documentation will be provided to interested parties after viewing and confirmation of interest. Income for the year ended 30th November 2017 was £278,157 with gross profit being 50.4%.
TRADE INVENTORY
The asking price includes the trade inventory which, we are advised, is owned outright and is not subject to any lease purchase, hire contract or similar finance arrangement.
RATING ASSESSMENT
Reference to the Assessor’s website has shown that the subjects are entered in the current Valuation Roll at a Rateable Value of £23,250.
ENERGY PERFORMANCE CERTIFICATE (EPC)
A copy of the Energy Performance Certificate is available upon request.
TENANCY DETAILS
The subjects are available with the benefit of vacant possession.
PRICE
Offers around £310,000 are invited for the property, goodwill, fixtures and fittings, with stock available over and above the asking price.
VAT
All prices quoted are exclusive of VAT.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the transaction.
ENTRY
By mutual agreement, however immediate entry following conclusions of missives is available.
OFFERS
All offers should be submitted in Scottish legal terms to DM Hall, 17 Corstorphine Road, Edinburgh, EH12 6DD.
Specification
- An established and well-presented licenced premises
- Situated in a busy central location within Stirling
- Within walking distance from Stirling Castle and other local attractions
- Good student population
- Offers around £310,000 exclusive