Pub/bar for sale in Langlands Road, Glasgow G75, £520,000

520,000.00

Offer Nr.:
65033791
Type of ad:
for Sale
Property type:
Pub/bar
Contact name:
Cornerstone Business Agents
Phone(s):
0131 268 8358

Very well presented 200 year old village pub and restaurant. Located in an
attractive rural village to south of East Kilbride. Oozing traditional charm
with authentic public bar (40). Fully refurbished split level restaurant (80).
2 - bedroom owners accommodation currently used as an office and storage. Huge
potential for those interested in food. Currently trading on a restricted
basis through our clients choice. Historically traded at 18k + gross per week
post Covid. West facing beer garden and outside bar. Surrounded by large
population centre and new housing.
Freehold Guide price £520, 000.
The small village of Auldhouse is located just beyond the southern outskirts
of East Kilbride. The village offers an attractive rural setting yet only 4
miles from East Kilbride town centre and 12 miles southeast from Glasgow city
centre.
East Kilbride was one of Scotlands five post war designated new towns. Today
the town continues to expand with a resident population nearing 80, 000. The
population will continue to expand as house building continues to gather pace
all around the village.
Other centres and towns located close by include Eaglesham, Strathaven, Newton
Mearns and Giffnock. As well as being a rural farming area, the immediate area
and population centres around the village are home to some of Greater Glasgows
more wealthier suburbs.
The pub occupies a prime roadside position in the heart of the village across
from the school.
The business has been owned by our clients since 2019 and was opened for trade
in early March 2020 just as Covid arrived. Our clients spent liberally on a
fit out of the bar and restaurant in order to create a sympathetically
restored public bar and a welcoming restaurant.
As trading restrictions relaxed the business performed very well averaging a
gross net turnover of over £18, 000 per week over 12 months. Our clients
offered an excellent food offering to compliment the busy village bar.
Laterally our clients temporarily closed down the restaurant offering and have
chosen to offer a restricted service, trading from the public bar.
The owners accommodation can be accessed at the front of the property, leading
to a spacious first floor flat with 2 bedrooms and a bathroom. At present the
flat is used by our clients as an office and storage. With minimum capital
expenditure the flat in its current condition can easily revert back to owners
or managers accommodation.
Licensed businesses like the Auldhouse Arms are very rare these days. A well -
proportioned and authentic bar and restaurant offered in excellent walk - in
condition for motivated new owners. New owners will inherit an immaculate
property with significant trading potential for the future.
A guide price of £520, 000 is sought for the business & property. Stock will be
additional at valuation.

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