Mill Inn (ref 1606)

• Price: 165000
• Tenure: Leasehold
• Business type: Public house

The town of Falkirk is one of the largest towns in central Scotland lying 23 miles north-west of Edinburgh and 20 miles north-west of Glasgow. The town has a population of around 40,000 with an estimated population of 156,000 in the greater Falkirk area. Easily accessed by the M90 motorway, the town is well connected to central Scotland and beyond.

The Mill Inn is located on Thornhill Road, an important arterial road towards the eastern outskirts of Falkirk town centre. This is a densely populated residential area with little by way of direct competition close by.

The premises are located close to Forth Valley College as well as being the closest licensed business to Falkirk Stadium, the home of Falkirk Football Club.

The Mill Inn is an excellent example of a well patronised and neatly presented public bar. The business has been owned and run by our clients in some format for the last 25 years. The premises are well presented and offer new purchasers undoubted head room to increase turnover and sales further.  

There is potential to increase sales with more active promotion of the business, as well as to harness the potential of the lounge bar. This area could be utilised far better by new owners to create an excellent function business to work alongside the busy public bar. Alternatively, if the premises offered food, this would make an excellent restaurant space.

The premises operates as a free house with no brewery tie.

Offered Freehold or Leasehold.

Our client will lease the premises with Nil premium, initial rent £18,000 per annum, 10-year FRI lease with an option of an additional 5 years, 3 month rent deposit on entry. In exchange for Nil premium the landlord will require tenant investment into the unit.

Council tax band: X, Tenure: Leasehold,