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For Sale

Railway Bar, 103 William Street, Lurgan, Armagh, BT66 6JB

Licenced/Pub
D 81
EPC Rating

Location of Railway Bar

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features

  • LOCATED ON MAIN ARTERIAL ROUTE
  • RECENTLY REFURBISHED TO VERY HIGH STANDARD
  • RECENTLY FITTED KITCHEN - ALL NEW ITEMS
  • PUBLIC BAR AND BISTRO
  • OFF-SALES
  • APP 8,400 SQ.FT. USEFUL FLOOR AREA - INCLUDING LIVING ACCOMMODATION
  • SEVEN BEDROOMS
  • POTENTIAL FOR EXPANSION TO B & B OR HOTEL

description

Business description

This independant public house and restaurant has been in current ownership for over 20 years and specialises in quality service currently targeting age groups accross the spectrum.

The business is well established with an excellent reputation and is based in an enviable location, attracting a large amount of new and repeat business from the local area.

Successfully established and with a terrific reputation, the experienced staff offer friendly, personal and professional service to their customers, with every effort made in order to satisfy the customer’s individual requirements.

With an excellent reputation and large customer base there are numerous opportunities for expansion awaiting the successful buyer.

Customer Service:

The owners have built a reputation based on excellent customer service and attention to detail.

Key Strengths:

A prestigious location in a busy town has been a key advantage in securing business. The site experiences a large amount of passing trade and is within yards of the mainline Belfast / Dublin railway station. Good products and service are both elements in the success of the business but an ideal location has maximised the effect of these factors.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendors and all interested parties under the auspices of Martin Anderson Property & Mortgages.

Property information:

Situated on a main arterial route to the town centre location the recently refurbished premises are welcoming and well fitted. The off sales is connected internally, via office and store. There are two well appointed smoking areas and off road parking. Hugh storage areas as yet undeveloped and two floors of an un-occupied part of the building present possibilities for expansion, if larger living accommodation is desired or development into B & B or hotel.

NAV £14,100

Business Operation / Expansion potential:

Further broadening of the product ranges will create opportunities for increasing revenue. In addition to the public house and Off Sales, there is living accommodation boasting three reception rooms and seven bedrooms. Having in the past been an established hotel, known as The Great Northern Railway Hotel, the opportunity for restablishing this business as a hostelry in excellent. With two completely unused floors in addition to the living areas, the scope is tremendous and the outlay should kept to a minimum.

The pub is ideally located and has been proven to capture a large amount of business from passing trade. Projections for future business are strong, the current owners have advised potential profitability could be doubled by a new owner with energy and enthusiasm. 

Reasons for selling:

Retirement

Trading hours:

Seven days a week.

Employees:

Five part time staff are employed at all times,

Other information / Support & training:

The current owners are prepared to provide training and handover to the new owner to make certain the excellent name and trade of the business continues.

In accordance with Section 21 of the Estate Agents Act 1979, I hereby declare there is a family connection in relation to the sale of this business. The Director of this firm is related to the owner of the business.

MORTGAGE ADVICE: MARTIN ANDERSON ESTATE AGENTS are pleased to offer an independent mortgage service. Please ask for details.

Disclaimer:

These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. 

Property Costs

  • Status: For Sale
  • POA
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

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Contact Agent

Martin Anderson Property & Mortgages
43 Church Place

Other costs to budget for

Wilson Nesbitt Solicitors

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