Town Centre Pub near Wishaw Main Street - Freehold Investment Opportunity
Wishaw, North Lanarkshire
- Status
FOR SALE
- Date Submitted:
07/07/22
- Advert ID
298459
- Reference
1481 / Rightbiz
- Call Agent:
- Freehold: £135,000
- Turnover: N/A
- Net Profit: On request
Business Details
A town centre pub located just off the main street in Wishaw. (ref 1481)
Lock up town centre Public House. Public Bar with commercial kitchen. Busy town centre location. Basement cellar. Freehold Investment opportunity. Currently subject to an ongoing lease.
FREEHOLD Guide price: £135,000 VAT.
The subjects are located on Hill Street, only a few metres from Main Street in the heart of Wishaw town centre. Wishaw is located in North Lanarkshire, 15 miles south east of Glasgow city centre, close to other population centres including Overtown, Bellshill, Newmains and Motherwell. The town has a population of circa 30,000 with many new housing developments happening on the outskirts.
Bar 6 enjoys a prominent trading location in the town centre, amongst a variety of retail, commercial and licensed offerings.
This is an excellent opportunity to acquire a freehold town centre pub offering significant potential for hands on new owners. The subjects offer a visible trading location in a highly populated trading location.
The property is being sold on a freehold basis with an ongoing lease. The lease ends on 06/05/27 and the current rent is £13,300.
A guide price of £135,000 VAT is sought for the heritable interest in the freehold investment.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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