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12
ref: L10249

Established West End Public House For Sale. ** Closing date set 10 May 2018 at noon**

Available
Under Offer
Price
£325,000 (€370,663 approx)
Location
Victoria, 336 Dumbarton Road, GLASGOW, G11 6TG
Property Type
Pubs
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KEY FEATURES



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Located in Glasgow's West End
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Established lock up public house with bar and lounge
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Currently 100% wet trade, and presently run under management
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Offers over £325,000 are invited
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** Closing date set 10 May 2018 at noon**

LOCATION


The Victoria lies on the north side of Dumbarton Road between the junctions with Fortrose Street and Gardner Street in the Partick area of Glasgow's West End, some 2 miles west of the city centre. Partick is an eclectic neighbourhood, a densely populated suburb featuring mixed commercial units on Dumbarton Road with surrounding traditional residential tenements. Partick Subway station lies to the west, Kelvinhall Subway station to the east and other local pubs include the Tenement Bar, the Quarter Gill, the Lismore and Deoch An Dorus, Partick Cross lies 0.3 miles to the east , and the southern area has witnessed substantial residential and student accommodation development, including the Western Village and Vita Student developments on Beith Street. There are further proposals to develop large tracts of land adjacent to the River Clyde nearby for residential, improving the demographic generally and local population numbers.


DESCRIPTION


The Victoria is a long established and highly regarded traditional Glasgow pub dating back to the 1880’s. It is located within the extended ground floor and basement of a traditional 3 storey tenement building with flats on the upper floors (not included in this sale).


ACCOMMODATION


With traditional timber frontage, the entrance vestibule leads in to a front lounge bar with corner servery (max. 40 occupancy), and ladies toilet facility. Another door accesses the large rear public bar (max. 100 occupancy), with built in ornate timber booth and wall seating, overlooking a long timber bar with back timber gantry. At the rear are gents customer toilets, an office, boiler room and door to a back court area used for external smoking purposes. The basement cellar is accessed via a front pavement hatch and hatch behind the bar and provides additional storage space.


TENURE


The heritable interest in the property is available with vacant possession.


TERMS


Offers over £325,000 are sought for heritable interest to include the sellers trade inventory and fixtures and fittings. Stock is excluded and is to be purchased separately. ** Closing date set 10 May 2018 at noon**


RATEABLE VALUE


The Victoria is included in the 2017 Valuation Roll as a Public House with Rateable Value of £24,000.


VAT


VAT, if applicable, will be payable in addition to the purchase price.


LICENCES


The property has the benefit of a Premises Licence (number GC0212) granted 13 June 2008 by City of Glasgow Licensing Board to sell alcohol. On Sales Hours are Monday to Sunday, 11.00 am until 12 Midnight. A copy of this licence is available on request.


BUSINESS & FINANCIAL INFORMATION


The Victoria is presently being run under management, but is being sold as a fully fitted public house, to include fixtures and fittings throughout, but excluding third party owned items. This sale offers a buyer the opportunity to take over as a hands on managed business or lease under a tenancy model. Some trading information may be made available to genuinely interested parties. TUPE – The proposed purchaser will be required to offer continuity of employment in accordance with the Transfer of Undertakings (Protection of Employment) regulations.


LEGAL COSTS


Each party is to be responsible for its own legal and professional fees in connection with this transaction.


FURTHER INFORMATION & VIEWING


For further information and viewings please contact the sole agents, Colliers International. No approaches are to be made directly to the property or the staff.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 26/05/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499