Alfie’s Bar & Lounge
Offers Over £150,000
Investment Opportunity with a sitting tenant. For the heritable (freehold) interest.
Princes Pl, Ardrossan, KA22 8HB
Contact Agent
Josh Hill
Director
At a glance
Public House Investment Opportunity
- Refurbished recently
- Popular with locals band tourists in the area
- 3 years, 10 months remaining on the current lease
- £15,000 incoming rent per annum (lease states £20,000)
- Net Initial Yield 9.50% assuming 5% purchaser costs
The Opportunity
Previously known as the Castlehill Vaults, Alfie’s Bar & Lounge in Adrossan is a community pub with separate public bar, lounge bar and beer garden.
Location
The property is on Princes Place, in the popular North Ayrshire coastal town of Ardrossan. Neighbouring Saltcoats. With convenient rail links to Glasgow and Ayr, and Ferry routes to the Isle of Arran, which is popular with tourists and locals alike.Summer months are busy with Ardrossan having 2 separate beaches.