A traditional pub in a historic Scottish town has been put on the market.
The pub has been owned by the current landlord for over 20 years, and represents a “rarely-available investment opportunity”.
The Scottish Business Agency said the Pageant Bar in Arbroath “will appeal to traditional investors and parties wishing to acquire investments for pension purposes”.
“This presents a rarely-available investment opportunity that will appeal to traditional investors and parties wishing to acquire investments for pension purposes.
“It has been competitively priced to reflect a Net Initial Yield of 9.77%, assuming purchaser costs of circa 5%.
“The existing business is under control of the current tenant and unaffected by the investment sale.”
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SBA added: “The current lease has 4.5 years remaining and paying £20,000 annual rent. There is additional machine and barrelage income which can be shared in detail with any seriously interested parties.
“The bar has recently been refurbished and is now a modern, comfortable public house with attractive family-centric bar food and drink offering.”
The historic Arbroath Abbey site is nearby.
SBA said offers over £195,000 are invited for the freehold.
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