Leasehold Option Available

The Retro Bar

Bridge Street, Wick, Caithness, KW1 4NH

An established local cellar bar,

set in the town centre with

a ‘themed bar’

Trading on a year-round basis from wet sales only; this business has been let for the past 20 plus

years

customers plus large games area for darts or pool etc

The business could be converted

to a food-led operation if desired; some consents may be

necessary

DESCRIPTION The Retro Bar is reported to be a popular bar benefiting from a main street trading location in the centre of the thriving town of Wick in the North Highlands. This business trades at basement level accessed from the pavement via a flight of concrete stairs. Well signposted, the bar trades year-round from local support together with additional seasonal demand from visitors to the area. Offering purely wet sales, this trading model makes it an easy-to-operate business. Entry to the bar is directly off Bridge Street down slab stairs to a solid protective outer- door which opens into the spacious bar area with a juke box, gaming machine, pool table and TV. The bar servery is fully equipped for all business needs providing a selection of draft and bottled beers, minerals, wines and of course spirits which are conveniently dispensed from a good range of optics. Following 29 years of letting this business the owner is now down-sizing his property portfolio which brings this development opportunity to the market.

LOCATION The population of Wick is c7500 but with a much broader catchment area. Tourism is one of the main sources of income during the busy season and the area proves to be highly popular with walkers, cyclists, ornithologists, archaeologists and anglers. The Old Pulteney distillery (the most northerly mainland distillery) is a popular attraction as is the active harbour and the 18- hole golf course. In terms of infrastructure the town is very well supported and benefits from excellent primary and high schooling, leisure resources, welfare and medical facilities as well as communication links with a railway station and airport.

THE PROPERTY The building is a single storey (basement level) property built circa mid-1800s and is accessed via a solid wood door. A secondary entrance exists but is not presently used. A cellar door also provides a further access point. Internally the Retro Bar benefits from a spacious bar servery and service area which caters for up to 60 patrons with booth style seating plus bar stools. The bar currently has a pool table, large TV, darts lane and juke box. There are ladies and gents WCs both of which are tiled. A well-equipped cellar is accessed from a side entrance at the lower street level. The cellar is equipped with a python system. There are two general storage areas one immediately to the rear of the bar; this space could be made into a kitchen area. The other is off the pool area. There is only one window offering natural light but the bar has attractive industrial style lighting. The games area has a hardwood floor. An attractive feature of the bar is the ceiling roses and plasterwork. Externally, there are areas of underutilised space which new owners may wish to make better use of.

SERVICES The property benefits from mains electricity, gas, water and drainage with gas fired central heating. The premises is double glazed.

TRADE No accounting information is available with this sale. The landlord /

vendor does not have access to trading accounts.

PRIVATE ACCOMMODATION There is no private accommodation with this property but there is development potential over the first and second floors subject to consents.

LICENSE The business has a license under the Licensing Scotland Act 2005 and a copy of the operating plan is available to interested parties.

PRICE Offers Over £85,000 are invited for the freehold interest complete with trade contents (according to inventory).

LEASEHOLD OPTION The vendor would consider leasing the property for an ingoing premium of £3,000. The annual rent would be £10,500. The length of the lease is negotiable.

EPC RATING This property has an Energy Performance Rating of ‘tbc’.

DIRECTIONS The Retro Bar is located as per the map overleaf.

FINANCE & LEGAL SERVICES ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Director Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a large team of legal experts who can act in all legal matters arising.

VIEWING All appointments must be made through the selling agents: ASG Commercial Ltd, 17 Kenneth Street, Inverness, IV3 5NR T: 01463 714757 M: 07799 896931 (Paul Hart) M: 07557 785879 (Jackie MacGregor)

E: info@asgcommercial.co.uk W: www.asgcommercial.co.uk

OFFERS All offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a closing date if one is set.

HOTELS

LICENSED

RETAIL

OFFICES

INDUSTRIAL

UNITS

17 Kenneth Street Inverness IV3 5NR

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