Description

LOCATION

P. J. Neeson’s is an established and good quality, traditional public house, situated close to the Strathbungo area of Glasgow.  Specifically, the premises are accessed from Allison Street, although benefit from a return frontage onto Westmoreland Street.  The immediate surrounding area is densely populated, with excellent communication links via bus and rail services to the city centre.

The Strathbungo area, in general, has seen a significant resurgence over recent years, with a high number of boutique and good quality licensed premises, creating a popular licensed circuit.

DESCRIPTION

P. J. Neeson’s is accessed directly from Allison Street. The premises are arranged over the ground floor and basement of a multi-storey stone constructed tenement building, under a pitched roof. The premises benefit from an attractive original stone frontage, with large windows set to the front and side, providing natural light internally. There is external seating directly onto Allison Street.

ACCOMMODATION

The accommodation is as follows:

Main Bar

The main bar has an access directly from Allison Street. There is also a secondary access from Westmoreland Street. The bar is fitted with high quality traditional decorations. There is part-open stonework/brickwork, a timber effect floor and a large central bar servery, with a timber and mirrored gantry to the rear. Seating is provided from a mix of timber bench seating and loose tables and chairs, supplemented by high stools. There is seating for approximately 40 persons (licensed capacity is 60 persons) and 11 high stools around the bar servery. There is a pool table, 2 gaming machines and digital Juke Box. The ceiling heights are high, and with windows to the front and side, there is good quality natural light, and an attractive ambience.

Manager’s Office

Situated to the rear of the bar servery.

Customer Toilets

Accessible, ladies and gents toilets.

Cellar

The cellar is accessed from a hatch and timber stair to the rear of the bar servery. There is a drop on Allison Street for beer deliveries. The cellar provides good quality storage. There is a large beer keg room, general store, as well as smaller storage rooms situated off.

EXTERNAL

There is external bench seating onto Allison Street.

The premises extend to 87.50 sq. m. (942 sq. ft.) over the ground floor and 54.88 sq. m. (591 sq. ft.) over the basement.

RATEABLE VALUE

The premises have a Rateable Value of £16,500, as of 1st April 2023.

SERVICES

The premises are connected to mains services, including water, electricity, Heating to the premises is from wall mounted electrical appliances. In addition, heating and air conditioning are provided by reversible Aircon/Heat Pump ceiling mounted units.

PREMISES LICENCE

The premises currently operate under a premises licence.

THE BUSINESS AND OPPORTUNITY

P. J. Neeson’s is an established traditional public house, which has been in operation for many years. P. J. Neeson’s has become an institution within the Pollokshaws/Strathbungo area, characterised by a high quality, traditional ambiance throughout.

The business is popular with local repeat clientele from the densely populated surrounding area. In addition, the premises provide a single bar operation, which is easily managed and, with limited operating costs, should provide a good level of profitability for a new tenant.

The business has generated a revenue in the region of £250,000 per annum.

This is an excellent opportunity for an owner/operator to acquire and run a highly regarded traditional bar within a popular trading location.

LEASE TERMS

The premises have been placed on the market at Rental Offers Over £17,500 per annum. There is a Nil Premium for the fixtures and fittings, although these will remain in the ownership of the landlord. A rental deposit and/or limited personal guarantee will be required from an incoming tenant. We envisage a lease term of at least 10 years, albeit this is negotiable. The incoming tenant will be tied to the purchase of draft and bottled beers, with a discount to the equivalent of £125 per barrel passed back to the tenant.

SALE

Although our client’s preference is to lease the premises, they may consider a sale. Please contact a member of CDLH staff to discuss the sale price.

EPC

The property has an EPC rating of G.

ANTI MONEY LAUNDERING

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.

Viewing - Strictly by appointment

For an appointment to view, please contact::

E: sharon.mcintosh@cdlh.co.uk

Sharon McIntosh, Administrator 

T: 0141 331 0650 (Option 1/1)

M: 07824 3956 288

For further information, please contact:

Peter Darroch, Director

peter.darroch@cdlh.co.uk

m: 07901 001 311

Floor Plans

There are no property floorplans available

Dataroom

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