Eight ex-pubco outlets on market | Scottish Licensed Trade News

Scottish Licensed Trade News

Eight ex-pubco outlets on market

28_1_0

EIGHT former Scottish & Newcastle Pub Company outlets are being marketed by agent CDLH.

The pubs, which are spread across the central belt, were previously leased.
All tenants have vacated and the now-closed properties are for sale freehold, with prices starting at offers over £95,000.
Pubs on the market include Café Luna in Paisley, at offers over £125,000; The Central Bar in Portobello (£150,0000) Hayweights in Musselburgh (£145,000); The Libertine in Ayr (£95,000); the former Martha Dickie’s & Tacos (offers over £250,000); The Old Meal Market Inn in Dalkeith (£150,000); The Stand in Musselburgh (£95,000); and the Wheatsheaf Inn in Monkton, Ayrshire (offers over £200,000).
Peter Darroch, director of CDLH, said the outlets are located in “excellent trading positions” in large market towns and villages.
“The premises are available for sale and all represent first class opportunities for purchasers to own and operate their own licensed establishment and develop first class businesses,” he said.
“Clearly, market conditions are difficult at present, with a general lack of funding.
“However, we have priced the assets very competitively, which should draw significant interest from a variety of publicans and restaurateurs.
“There is no doubt that, when compared to the prices paid by our client for these public houses, there has been a massive reduction in values. However, we must reflect current market conditions and achievable prices.

The pubs are priced competitively, which should attract significant interest.

“We believe that the asset prices are set at a very low level which should enable any purchaser to gain a significant return from their investment.”

28_3_0

Images: The Central Bar in Portobello (top) and the Wheatsheaf Inn in Monkton (above) are two of eight former S&NPC leasehold pubs on the market with agent CDLH.

Share this SLTN article