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1905 Bar, Jamieson's Entry, Kelso, Scotland, TD5 7DP

£450,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Established Licensed Venue / Traditional pub
  • Recently undergone full refurbishment
  • 4 Bedroom Letting Accommodation
  • Opportunity to Develop Food Offering
  • Town Centre Location
  • EPC Rating D
  • Christie & Co Ref: 5255012

Description

Description

A great opportunity to acquire a 'turn key' public house business that requires no further capex. Our clients have invested and refurbished since purchasing the property back in 2017 and comes with the benefit of having a four bedroom flat, which is situated on the first floor with separate access being provided to the side.

The accommodation is currently being advertised on Air BnB generating an income for the prospective buyer on day one.

Location

The 1905 Bar is located in the heart of Kelso Town Centre, prominently positioned on Jamieson's Entry. While it is tucked away from the main thoroughfares, it remains a well-established venue cherished by locals and known widely across the Borders and the surrounding areas.

Kelso is a market town in the Scottish Borders within the historic county of Roxburghshire, lying where the rivers Tweed and Teviot have their confluence.

Internal Details

The public bar is in first class order, with the gantry stretching along the side upon entering. The bar features a selection of fonts on the servery, a fully stocked gantry to the rear, adequate refrigeration and coolers underneath. Bar stools are positioned to the front of the servery. There is two seating areas partially separated from the servery by wall seating and free-standing tables, chairs, and stools. Wooden floors are throughout.

The bar is equipped with several flat-screen TVs strategically placed to allow easy viewing of various sporting events. There is two separate seating areas located off the main bar area with comfortable sofas in one area, and the other has poseur tables and chairs. A combined capacity of c.200 in the main bar and rooms.

Kitchen
Located to the rear of the public bar, still currently being developed.

Toilets
Both ladies and gents toilets are located to the rear of the public bar.

Cellar
Located to the rear of the public bar with side street access for deliveries.

Fixtures & Fittings

The entire venue has been meticulously fitted out, and a trade inventory will be provided as part of a due diligence process.

Letting Accommodation

The business benefits from a four double bedroom apartment above the pub.

The Opportunity

1905 Bar is privately owned and operated, enjoying an excellent reputation within the town centre of Kelso.

The owners have decided to sell to pursue other interests and this brings a fantastic opportunity for a new owner to take over a traditional pub with multiple revenue streams.

Staff

The business is operated on a management basis, with a manager and a pool of full and part-time staff.

A staff list will be provided to genuine interested parties as part of any due diligence process.

Trading Hours

Monday
Closed

Tuesday to Thursday
1.00pm - 9.00pm

Friday to Sunday
1.00pm - 10.00pm

Business Rates

The Rateable Value as at 1 April 2023 is split between the Pub & Self catering accommodation as follows:

Pub £7,200
Accommodation £4,400

Confirmation of actual business rates payable should be obtained from the Local Authority.

Regulatory

Premises License

Energy Performance Certificates

EPC 1

Brochures

1905 Bar, Jamieson's Entry, Kelso, Scotland, TD5 7DP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tweedbank Station12.7 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5255012-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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