AN Inverness bar has been acquired by a local operator in a deal brokered by ASG Commercial.
The Phoenix Ale House on Academy Street is described as a “prominent and well-presented” business which was restored to a high standard by the previous owner. The ground-floor premises comprises a “characterful” bar and a large restaurant area.
Jackie MacGregor of ASG Commercial said the Phoenix Ale House was “sold to a local operator for a price close to asking”.
“It’s great to see established operators investing in the capital of the Highlands,” she said.
“Local operators know that the Highlands is a thriving tourist hot spot and ideally placed to take advantage of the many tourists who will frequent the area once we get out from under the cloud of COVID-19.”
ASG Commercial is also currently handling the sale of the Market Bar on Church Street.
Described as an “iconic bar in the heart of Inverness city centre”, the Market Bar is said to have hosted debut performances from Scottish acts including The Proclaimers, Amy Macdonald and Paulo Nutini.
Offers in the region of £695,000 are being sought for the freehold of the Market Bar.