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Busy Well Established Pub & Restaurant Incl Flat For Sale

Lanark, South Lanarkshire, UK
Asking Price:
£325,000
Turnover:
On request
Net Profit:
Undisclosed

Horse & Jockey
56 High Street
Lanark
ML11 7ES

  • Very well-established public house and restaurant
  • Been owned by the same family since 1980
  • Presented & equipped to a traditional standard throughout
  • Spacious public bar with restaurant on 1st floor
  • 2 bedroom flat included (currently let out)
  • Prominent high street trading location
  • Close to all amenities and Lanark Train Station
  • Strong local clientele having excellent reputation
  • Ideal opportunity for first time buyer or multiple operator

Freehold: Offers Around £325,000

BUSINESS
The Horse & Jockey has been owned by the same family since 1980 and during this time has established itself as a prominent business in Lanark, that has built up an excellent reputation for its atmosphere, location and food offering.
Run as 2 separate businesses, Saddlers Restaurant is operated by additional family with the assistance of a chef Monday to Thursday incl. part time staff as and when required, serving good quality food throughout the week. On occasions this space has been used for small functions and is a market that could be increased.
The bar benefits form strong local clientele offering live music every Friday night along with “jam sessions” on the last Thursday of every month and is regarded very much as the heart of the community.
The sale of the Horse & Jockey offers an excellent opportunity for either a private operator/chef to get into a thriving business and grow further or a private multiple operator to add to an existing portfolio. A viewing is strongly advised in order to fully appreciate exactly what is on offer.

Property Information

Property:

Freehold

Location:

The Horse & Jockey occupies a prominent position on the High Street in the heart of Lanark, a historic market town in South Lanarkshire. Situated in the town centre, the property benefits from strong local footfall generated by a mix of local retailers, cafes, pubs and restaurants, as well as nearby residential neighbourhoods. Lanark lies approximately 30 miles south-east of Glasgow and around 40 miles south-west of Edinburgh, providing convenient access via the A70 and A73 road networks, together with regular rail services from Lanark Train Station to Glasgow, which is within walking distance of the pub. The town is also a gateway to the Clyde Valley and attractions such as New Lanark, drawing visitor trade throughout the year. Overall, the pub enjoys a central and accessible trading location within an established town centre setting.

Premises Details:

The property is of a traditional 2 storey sandstone build, situated on the High Street under a pitched roof. The trading areas comprise of a public bar on the ground floor with a restaurant on the first floor. Accessed from the side of the property via a small lane is an additional 2-bedroom flat, which is currently rented on a long-term basis.

INTERNAL DETAILS

Public Bar
Upon entering from the High street, you are welcomed by a spacious well fitted traditional public bar with a prominent feature bar servery in the corner. Varying perimeter and free-standing seating, set upon a wooden and partially tiled floor, with a feature fire surround housing a log effect gas fire. There are 3 flat screen tv, which show Sky Racing, juke box and gaming machine. Barrelage is in the region of 134 (full details can be provided)
Trading Hours: 11am-10pm (Sunday to Thursday), 11am-1am (Friday & Saturday)

Saddlers Restaurant
Located on the first floor and accessed internally from the public bar or from the lane to the side, this well fitted restaurant offers covers for approximately 35. Designed in traditional style with wooden beams and tartan carpets with mainly perimeter style seating along with varying freestanding tables and chairs. To the rear is a small bar servery and commercial kitchen.
Trading Hours: 11.30am-2.30pm, closes at 3pm (Monday to Saturday)

FLAT
Included within the sale is a spacious flat, located over first and second floor, accessed via the lane to the side. Comprising 2 bedrooms, living room, kitchen and bathroom. This property is currently rented on a long-term basis, with the current tenant being in 6 years.

Energy Performance Rating:
D

Business Operation

Management type:
This business is owner operated.
Years established:
Been in same family since 1980

Other Information

Related Documents: