Bruce & Co. are delighted to announce the sale of a vacant public house located in the Scottish Borders town on Ayton. The business benefits from its location on the High Street and once formed an integral part of the local community. The property previously underwent renovations to be converted into a large residential property, however, was later re-designed to become a public house – providing new owners with an excellent investment opportunity. Today, the premises still occupies a prominent position and once in operation, the business will be the only public house in the village – thereby benefiting from a monopoly position.
The business occupies the ground floor of a traditional village tenement building. The outer appearance of the property is white stone and the building has traditional windows overlooking the high street. On entrance to the property via the main door, people are welcomed by the large bar area. There is currently no furniture or décor in the property, but the recently plastered walls and flooring are ready for new owners to make their mark in this business with very little renovation – allowing new owners to implement their own style and décor. The business has a lounge area which is located in the centre of the property; providing an excellent opportunity to accommodate private functions and events. The premises also benefits from a kitchen, a store room and customer WC facilities.
The business opportunity also comes with an owner’s accommodation, located on the upper floor of the property. This is accessed by a separate entrance to the left hand side of the building. The superbly presented accommodation is a really attractive aspect of this sale, as it boasts 4 bedrooms, kitchen, lounge, dining area and family bathroom.
Once on the market, the business received substantial levels of interest with 12 viewings and 6 offers. The business was sold to Mr Atkinson on a freehold basis for £119,500 via cash and funding. Mr Atkinson comes from a background running a continental style beer café in North Yorkshire, and is now planning the same concept to the new premises in Ayton after having outgrown their original premises. Mr Atkinson comments “Bruce & Co. handled the sale in a most professional manner without being distant or officious. All communication was done in a friendly, supportive manner and it was a pleasure to do business with them.
“We are pleased to have agreed the purchase of The Black Bull in Ayton, and are excited at the prospect of reviving its fortunes.”