Offers over£250,000
LOCATION
The property is situated centrally in the town of Tranent along the High Street, among many busy neighbouring properties, occupying a prominent corner plot on the junction with Plough Lane.
The property is under a mile away from the nearest entry point to the A1 road, and 11 miles from Edinburgh city centre. In addition, the property also benefits from the 104 and 113 bus lines operating every 20 minutes, providing greater access to Edinburgh.
DESCRIPTION
The premises occupies the ground floor of a two-storey corner plot faced with a distinctive red stone. To the rear, there is a sizeable outdoor garden housing a beer garden and space for the flats above, fenced off from all sides, within which contains a separate structure, providing an excellent redevelopment opportunity for a property facing Loch Road.
Access to the premises is gained underneath a pronounced pointed pediment, through which the entryway is flanked by a seated bar and lounge area. Extending from the two are a stage and a darts/pool room, giving the property a total of four main areas. Access to the beer garden is gained through the rear of the darts/pool room.
The property is best suited as a pub or restaurant in its current form. Investors/developers interested may prefer to let out the pub and develop the labour club site to the rear. In addition, the three flats above the pub may also be purchased. The premises was turning over £240,000 per year prior to lockdown. There is no beer tie.
Towards the rear of the main building are separate male and female toilets and the beer cellar.
ACCOMMODATION
According to our recent measurement survey, the property comprises the following approximate internal area:
TENURE
The property is available for sale on a freehold basis for offers over £250,000.
TRADING LICENSE
There is a premises license which could be made available should an occupier/purchaser wish to re-open the property as a public house.
TOWN AND COUNTRY PLANNING
Under the Town and Country Planning (Scotland) Act 1997 we understand the subjects are currently class 3 (sui generis) having previously traded as a public house.
The property would suit a variety of other uses subject to the necessary planning consent being obtained. Interested parties are should make their own enquiries through East Lothian Council Planning Department.
The rear beer garden and the building contained within it (disconnected from the pub) provide an excellent opportunity for development. Should the buyer decide to explore this option, planning permission needs to be obtained through enquiries with the East Lothian Council Planning Department.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £17,400. The uniform business rate for the current year is £0.49 pence in the pound.
Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
UTILITIES
The property is served by mains gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is currently pending.
A copy of the recommendation report will be available on request.
VIEWING AND FURTHER INFORMATION
By appointment with the sole letting/selling agents, ime DJK Group Ltd.
LEGAL COSTS
Each party shall bear their own legal costs in either the leasing or acquisition of this property, including any LBTT incurred thereon.
ENTRY
Upon completion of a formal missive under Scots Law.
£6,000 P.A.Premium Cost:£25,000