The Waverley (ref 1129)

Wishaw, North Lanarkshire

Business location

Overview

  • Price: 195000
  • Tenure: Freehold
  • Business type: Public house

The Waverley is located in the north Lanarkshire town of Wishaw around 15 miles south-east of Glasgow city centre. With a population of just over 30,000, Wishaw is one of the largest centres in North Lanarkshire along with neighbouring Motherwell.

The licensed accommodation comprises an open plan lounge with bar area and servery on the right hand side.  The bar has licenced capacity for 230 and seating for 60+.

Beyond the main bar is also access to a east-facing beer garden and smoking area.  The beer garden has been used by our clients and previous owners since 2006 when planning was passed for this.  Our clients do not own the land as the ground is owned by the local council.  No rent or ground lease is paid and our clients and previous owners have operated on the land unencumbered for the last 15 years.

A set of stairs at the side of the property lead to the first floor owners’ accommodation comprising a lounge, kitchen, 3 bedrooms and bathroom.

The business is owned by our client but has been run under management for several years. The business is a neat and well presented public house offering wet sales only and it traded at a very respectable level. There is obviously further potential to be realised from more “hands on” management and having the ability to drive the business and profits forwards.