Graham and Sibbald are delighted to bring to the market the iconic Park Bar in Glasgow. The pub for lease is a well-known establishment in the popular West end of Glasgow. The Park bar is offered to the market with a stellar reputation and loyal customer base. The Park Bar has been serving the residents of Glasgow and visitors for over 120 years. The lively Scottish bar is a hub for the Gaelic community and an inviting space that has hosted many up and coming bands over the years.
( Agency Pilot Software ref: 52636 )
Location
What sets the Park bar apart is its location, sitting proudly on Argyle street, among the hustle and bustle of Finnieston, the Pub seamlessly blends Scottish traditional features and contemporary comforts to provide a comfortable relaxed ambiance.
Accommodation
Public areas Public bar area (50 covers)
Supplementary areas
Ancillary stores
Drinks cellar
Commercial kitchen
Terms
RATEABLE VALUE/COUNCIL TAX The Park Bar - Rateable Value is £58,500 (effective date 01/04/2023).
TENURE The Leasehold interest in the property is being sold. The current rent is £75,000 per annum and we are asking for an ingoing premium of £225,000 which includes the goodwill of the business and the fixtures and fittings. The current lease has 9 years remaining and the pub is a beer only tied pub. The landlord is Trust Inns.
PRICE Offers of £225,000 are being sought for the ingoing premium of the leasehold interest. The rent is £75,000 per annum. Stock in trade will be sold at valuation on the date of entry.
EXCLUSIONS There are no exclusions in the sale.
Specification
- Brilliant Opportunity to Run a well-established Traditional Pub in Glasgow West End
- Enviable Location in the Ever-Popular Finnieston district of Glasgow
- A Charming Pub which Benefits from a Large Open Plan Space Perfect for a Jig
- A Warm and inviting atmosphere with an abundance of traditional features