Page 14 - Shepherd Commercial Auctions - Catalogue 18/04/2024

Lot 10 Ramage's Bar & Flat 1-3 Newton Street, Kilbirnie, Ayrshire KA25 6HN Trading public house plus flat
Features
• Long established trading public house business
• Turnover year to September 2022 approx. £182,000 • Modernised internally
• Vacant flat included
• 163.63 sq. m. (1,761 sq. ft.)
Description
The subjects comprise an end-terraced, two storey over basement public house with a flat above, ideal for use as owner’s living accommodation, having its own separate door entry from Newton Street. The building is formed in stone with a roughcast render surmounted by a pitched and hipped roof clad in slate.
Ramage’s is an easily operated single bar public house trading profitably. The turnover for the year to September 2022 was £182,000. Full accounts will be made available to registered bidders together with other business information including a copy of the premises licence.
The upper floor flat is currently vacant although would be readily lettable under a Private Residential Tenancy agreement or suited to Manager’s/Owner’s accommodation.
Accommodation
Internally the accommodation has been upgraded to a modern standard and is well presented throughout comprising the following:
Ground Floor - Public Bar and Lounge, Customer W.C.’s
Basement - Cellar and Storage
Flat - Hallway, One bedroom, Large living room, Bathroom, Storage, Kitchen
Location
The subjects are located on the east side of Newton Street on a prominent corner position within Kilbirnie town centre, next to the River Garnock. The area is primarily mixed residential and commercial in nature with plentiful off-street car parking nearby.
Kilbirnie is around 13 miles north of Irvine and approximately 25 miles from Glasgow. The town has a resident population of around 7,300 and enjoys a limited range of local services and facilities..
*Guide Price £120,000 (plus fees if applicable)
14 * Please see Buyer’s Terms for definition of guide price and auction fees
Rateable Value
The property is currently entered in the Valuation Roll as follows: Public House RV £7,400
Flat – Council Tax Band A
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,400 inc VAT(£2,000 plus VAT).