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FREEHOLD LICENSED PUBLIC HOUSE FOR SALE 3 Millgate Loan Arbroath DD11 1PG
High profile main road corner location Potential alternative restaurant use Ideal property for ‘hands on’ owners Excellent business opportunity Price - offers invited in excess of £125,000 £175,000
Licensed and Leisure
Internally, the property is laid out to include an attractive traditional bar to the front with separate lounge / pool room to the rear with male, female and disabled customer toilets. The property is traditional in décor and furnishings. The cellar is located in the basement and is located down a flight of steps from the right hand side of the bar servery. The Millgate Bar does not have a catering kitchen, but does benefit from sufficient space to introduce a simple back bar snack offer. Externally the pub has no outdoor trade area and there is no car park, but plenty of on street parking.
Accommodation We have measured the gross internal area of the accommodation to be as follows:
Location Arbroath is the largest town in the Angus Council with a population of approximately 25,000. The town is situated approximately 18 miles north-east of Dundee and 48 miles south of Aberdeen on the main A92 trunk road. The subjects are situated within a mixed commercial and residential area towards to the north-east of Millgate Loan, at its junction with West Port, Millgate and West Grimsby within the town centre. The subjects are in close proximity to the main shopping thoroughfare close to Abbeygate Shopping Centre, Arbroath Abbey and the Arbroath Harbour Visitor Centre.
The premises are surrounded by other licensed premises and numerous other local shops and business.
Description The subjects comprise a ground floor public house contained within a two store and attic corner building of masonry construction under a pitched and slated roof. We understand that the upper floors of the building are in use as private dwelling flats.
The Millgate, 3 Millgate Loan, Arbroath DG11
Main Bar Area
967 sq ft
89.85 sq m
Rear Lounge / Pool Room
227 sq ft
21.11 sq m
Toilets & Ancillary Areas
345 sq ft
32.07 sq m
Basement
369 sq ft
34.25 sq m
1,908 sq ft
177.28 sq m
TOTAL
Rating The Rateable Value (RV) for the property is currently being re-assessed with the newly proposed RV for 2017/2018 being £16,000. The Uniform Business Rate for the 2017/ 2018 financial year is 46.6 pence in the pound for subjects with an RV of £35,000 or less.
Trading Information The premises are owned by Star Pubs and Bars and have historically been leased out. We are not in receipt of any trade information in relation to the business which can be relied upon by any prospective purchaser. Purchasers are therefore asked to assess their own opinion of likely sales and profitability for the business.
Licence We understand from Star Pubs & Bars that the Millgate Bar holds a current Premises Licence and further information is available upon request.
The Opportunity The Millgate Bar is situated in an excellent corner trading position just off the main arterial route through Arbroath Town Centre, within a fairly densely populated area. The premises represent an ideal opportunity for a new operator to take the reins of an attractive long established Public House offering regular local repeat business together with some passing trade. This opportunity which would suit an individual or couple operating as owner occupier with the drive to take the business forward and develop the business to its full potential.
Energy Performance Certificate EPC Rating is G. Further information or a copy of certificate available on request.
Planning We have been advised verbally by the local planning authority that the property has permission for the existing use.
Tenure Outright ownership.
Terms The premises are available for sale. Any stock will be additional and payable at date of entry. The premises are available for sale at a price in excess of £125,000 £175,000.
Legal Costs Each party will be responsible for their own legal cost incurred with any ingoing tenant being responsible for any registration dues, stamp duty and VAT as applicable.
The Millgate, 3 Millgate Loan, Arbroath DG11
Valued Added Tax (VAT) Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Viewing / Further Information Viewing strictly by appointment with selling agents. Andrew Macpherson Mobile 07785 951090 [email protected]
The Millgate, 3 Millgate Loan, Arbroath DG11
Licensing Plan for indicative purposes only
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property. February 2017
FREEHOLD LICENSED PUBLIC HOUSE FOR SALE 3 Millgate Loan Arbroath DD11 1PG
High profile main road corner location Potential alternative restaurant use Ideal property for ‘hands on’ owners Excellent business opportunity Price - offers invited in excess of £125,000 £175,000
Licensed and Leisure
Internally, the property is laid out to include an attractive traditional bar to the front with separate lounge / pool room to the rear with male, female and disabled customer toilets. The property is traditional in décor and furnishings. The cellar is located in the basement and is located down a flight of steps from the right hand side of the bar servery. The Millgate Bar does not have a catering kitchen, but does benefit from sufficient space to introduce a simple back bar snack offer. Externally the pub has no outdoor trade area and there is no car park, but plenty of on street parking.
Accommodation We have measured the gross internal area of the accommodation to be as follows:
Location Arbroath is the largest town in the Angus Council with a population of approximately 25,000. The town is situated approximately 18 miles north-east of Dundee and 48 miles south of Aberdeen on the main A92 trunk road. The subjects are situated within a mixed commercial and residential area towards to the north-east of Millgate Loan, at its junction with West Port, Millgate and West Grimsby within the town centre. The subjects are in close proximity to the main shopping thoroughfare close to Abbeygate Shopping Centre, Arbroath Abbey and the Arbroath Harbour Visitor Centre.
The premises are surrounded by other licensed premises and numerous other local shops and business.
Description The subjects comprise a ground floor public house contained within a two store and attic corner building of masonry construction under a pitched and slated roof. We understand that the upper floors of the building are in use as private dwelling flats.
The Millgate, 3 Millgate Loan, Arbroath DG11
Main Bar Area
967 sq ft
89.85 sq m
Rear Lounge / Pool Room
227 sq ft
21.11 sq m
Toilets & Ancillary Areas
345 sq ft
32.07 sq m
Basement
369 sq ft
34.25 sq m
1,908 sq ft
177.28 sq m
TOTAL
Rating The Rateable Value (RV) for the property is currently being re-assessed with the newly proposed RV for 2017/2018 being £16,000. The Uniform Business Rate for the 2017/ 2018 financial year is 46.6 pence in the pound for subjects with an RV of £35,000 or less.
Trading Information The premises are owned by Star Pubs and Bars and have historically been leased out. We are not in receipt of any trade information in relation to the business which can be relied upon by any prospective purchaser. Purchasers are therefore asked to assess their own opinion of likely sales and profitability for the business.
Licence We understand from Star Pubs & Bars that the Millgate Bar holds a current Premises Licence and further information is available upon request.
The Opportunity The Millgate Bar is situated in an excellent corner trading position just off the main arterial route through Arbroath Town Centre, within a fairly densely populated area. The premises represent an ideal opportunity for a new operator to take the reins of an attractive long established Public House offering regular local repeat business together with some passing trade. This opportunity which would suit an individual or couple operating as owner occupier with the drive to take the business forward and develop the business to its full potential.
Energy Performance Certificate EPC Rating is G. Further information or a copy of certificate available on request.
Planning We have been advised verbally by the local planning authority that the property has permission for the existing use.
Tenure Outright ownership.
Terms The premises are available for sale. Any stock will be additional and payable at date of entry. The premises are available for sale at a price in excess of £125,000 £175,000.
Legal Costs Each party will be responsible for their own legal cost incurred with any ingoing tenant being responsible for any registration dues, stamp duty and VAT as applicable.
The Millgate, 3 Millgate Loan, Arbroath DG11
Valued Added Tax (VAT) Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Viewing / Further Information Viewing strictly by appointment with selling agents. Andrew Macpherson Mobile 07785 951090 [email protected]
The Millgate, 3 Millgate Loan, Arbroath DG11
Licensing Plan for indicative purposes only
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property. February 2017
