Licensed Restaurant with Letting Bedrooms and Three Bedroom Detached House.(ref 1474)

*** PRICE REDUCED ***

Development opportunity/ restaurant/ hotel. Very well presented restaurant and bar in Stirling, Central Scotland. Prominent trading location close to city centre. Licensed restaurant. 120 covers. Four double bedrooms with en suites above the restaurant. Approx 1.2 acre site. Separate 3 bedroom detached house. Car parking for over 70 cars. Large beer garden. Established trading business.

FREEHOLD Offers over £550,000.

The Hollybank is situated in St Ninians, Stirling, a city in central Scotland. Stirling is a centre for local government, higher education, tourism, retail, and industry. The 2011 census recorded the population of the city as 45,750. The wider Stirling council area has a population of about 91,000.

The City is reputed to be the third fastest growing area of Scotland in terms of population. A major new regeneration project on the site of the former port area and the former Ministry of Defence site, adjacent to Stirling Railway Station, is currently underway.

Stirling is well located in central Scotland being almost equidistant between Glasgow, Edinburgh and Perth. The city benefits from good transport links to include a mainline railway, bus depot and easy access onto the Motorway network.

The restaurant has been operated by the same owners since 1991 trading as The Hollybank. The business has focused on food and beverage sales over the past decades and has performed consistently well. We believe that there is good scope to increase turnover and profit. The 4 letting bedrooms have not been utilised and could be refurbished and used to offer accommodation.

Within the grounds is a detached 2-storey residential dwelling providing 3 bedrooms. The remainder of the grounds include large carpark providing space for approximately 70 spaces, beer garden area and additional garden grounds.

Internally, the subjects provide the following: Hollybank Restaurant: Large restaurant area providing approximately 120 covers, public bar, large fully fitted kitchen with good range of appliances and walk in chill, secondary sweet kitchen and separate male, female and accessible w.c. The first floor provides 4 ensuite bedrooms (which have not been in use for a number of years) and staff changing/laundry area.