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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

Established community public house. Large public bar with pool table and split-level lounge bar at rear. The building is freehold with a ground rent payable to North Lanarkshire Council.

COMMERCIAL INVESTMENT --- Situated in a housing estate and community area in Motherwell. Next to Community Centre and public park. Licensed premises with great potential in popular trading location.

The Ground lease payable to the Council is £6,400+VAT and is invoiced twice yearly. The Ground lease agreement will be supplied by Local Council for the purchaers solicitor to peruse.

Public Bar - Located to the front of the property - Spacious public bar with large single bar servery and pool table at one end. Seating is a mixture of freestanding bar stools and perimeter seating.

Lounge Bar/Function area – With its own access from the lane, again this is a spacious area laid out on a split level, with curved bar servery and wooden dance floor in the corner.

Title Number - LAN132026. All title documentation available within the legal pack including the ground lease agreenet with North Lanarkshire Properties LLP and the current owner(s). The premises benefit from a full premises licence and offer potential for continued hospitality use or alternative uses, including retail, subject to obtaining the necessary consents. The Brass Button Public House has been established within the area for many years and has been supported well by the locals in the surrounding area. The building is freehold with a ground rent payable to North Lanarkshire Council - The Ground lease payable to the Council is £6,400+VAT and is invoiced twice yearly. The Ground lease agreement will be supplied by Local Council for the purchaers solicitor to peruse. Net Internal Area - 4,365 Sq.Ft. Sold with vacant possession Located within a residential area, approximately 16 miles southeast of Glasgow city centre, The Brass Button is surrounded by private and local authority housing. Public Bar - Located to the front of the property is a spacious public bar with large single bar servery. Seating is a mixture of freestanding bar stools, perimeter seating and free-standing tables and chairs, set on a tiled floor. Male and female toilets. Lounge Bar/Function area – With its own access is a spacious area laid out on a split level, with curved bar servery and wooden dance floor in the corner. Perimeter seating with additional free-standing tables and chairs with carpet floor covering throughout. Male and female toilets. ANCILLARY AREAS 2 x male and female toilets Extensive back of house areas including office, Cellar, storage, staff room, boiler room and small wash area with sink.

Maps & Location

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The subjects are located on Logans Road within a residential area of Motherwell in North Lanarkshire and is approximately 16 miles southeast of Glasgow City Centre. Motherwell itself is a former Burgh and is the largest town in North Lanarkshire with a resident population of approximately 50,000 people, supplemented by the surrounding towns and villages including Hamilton, Wishaw and Bellshill. Motherwell is also the administrative centre for North Lanarkshire Council. The pub is surrounded by private and local authority housing, local amenities and primary schools are within walking distance, with a regular bus service running along Logans Road.

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Pricing Information & Bidding

Opening Bid: £55,000

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Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)

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    STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.

    * If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

General Terms & Conditions of Sale
Lot Specific Terms - 162ALogans Road, Motherwell






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