Established Community Pub In Lanarkshire For Sale

Description

The Brass Button - Established Community Public House for SaleThe Brass Button162A Logans RoadMotherwell, LanarkshireML1 3NYAn established community public house located within the heart of a residential area, offering an excellent opportunity for a new owner or first-time buyer.The property is currently occupied by a tenant but will be sold with vacant possession.Key Features* Established local public house with strong community support* Large public bar with pool table* Split-level lounge bar and function area to the rear* Suitable for a variety of alternative uses, including retail (subject to necessary consents)* Located next to a community centre with ample public parking* Surrounded by local amenities within a busy housing estate* Ideal opportunity for a first-time buyerThe BusinessThe Brass Button has traded successfully in the area for many years and has built a strong reputation among local residents.The current owners have held the property since 1998, during which time it has mainly been operated under lease arrangements. The business is currently occupied by a tenant but will be available with vacant possession.There is significant scope for a new owner to develop the business further, particularly by making greater use of the lounge bar and function area, which is currently underutilised.The property benefits from being the only pub serving the immediate local area, creating a strong community position.Opening HoursSunday to Thursday: 11:00am - MidnightFriday and Saturday: 11:00am - 1:00amGround RentThe property is held freehold, subject to council ground rent.Ground rent payable to the local council is £6,400 + VAT per annum, payable in two instalments.PriceFreehold with council ground rent:Offers in the region of £70,000