Oscars Bar and Restaurant, Kelso

Oscars Bar and Restaurant, Kelso

Property Details

Type:
Restaurants
Lease:
Freehold or Leasehold
License:
Full Premises License, Hot Food Consent
Price:
Fixed Price £135,000
Reference:
1387
EPC Rating:
G

Property Description

  • Fixed Price £135,000

Back on the market.

A popular family run restaurant for many years, fully licensed for up to 40 covers in the bar and restaurant.  A rare freehold opportunity and chance ot own and operate your own restaurant in a popular borders town.  The restaurant and bar is positioned on the favoured Main Street running to the town's main cobbled Square.  

Situation

Kelso is an appealing town in the Scottish Borders.  Positioned on the River Tweed and perhaps famed for Kelso Abbey and Floors Castle the town attracts a large tourist following all year round.  On a sporting front the Kelso Races (a national hunt race course), excellent salmon fishing and with the new Borders railway line only 20 minutes away the town is once again growing in popularity as a genuine commuter town to Edinburgh.

The premises occupy a prominent position on the South Side of Horsemarket and close to the Town Square.  The business occupies ground floor and basement of a 3 storey (plus attic) terraced tenement building with separate private residence above.  The property enjoys a prominent painted exterior with double display windows and trading canopies above each window and main entrance.

The Business

Closed early in 2017 due to a close family bereavement.  The property with its fixtures and fittings, within the trading space, a fully fitted commercial kitchen downstairs and premises licence.  We have reduced the price from £175,000 to reflect this change in trading status to £135,000 for the freehold commercial ground floor space and basement of the property.  The works are now complete separating the flat above from the business below.

The business had traded for more than 14 years and enjoyed a Certificate of Excellence between 2011-2015 on Trip Advisor and has previous Awards.

Price 

Offers around £135,000 are sought for the freehold interest.  A lease of the commercial property may be considered.

 

 

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