Commercial Premises, Exchange Bar, 1 Silver Street, Hawick, TD9 0AD

A fantastic opportunity has arisen to purchase an established, self-contained public house with a successful trading history and a longstanding clientele. Exchange Bar, 1 Silver Street, locally known as ‘Dalton’s’ extends over and approximate 208sqm / 2,262 sq ft of the ground and basement floor of a substantial period property within Hawick town centre. Internally, Exchange Bar comprises of a public bar over two levels, service access, ladies and gents WC facilities, a small office and lounge, with cinema screen and leather fitted seating, together with basement cellarage. The business currently employs two full time and three part time members of staff and would be the perfect investment for those with an interest in the hospitality industry. Viewings come highly recommended.

Location:

The central Borders town of Hawick is very well placed for access to all the other towns in the region.  As Edinburgh city centre is easily accessible via the A7 and A68 by road and the new Waverly Rail Link to Tweedbank can be reached in around 30 minutes, the commuter is increasingly seeking out the Scottish Borders region as an ideal location in which to settle for a quality lifestyle with a quieter pace and houses at a more affordable price. Hawick has an excellent variety of shopping, leisure, recreational and sports facilities.  The area is renowned for its beautiful scenery, offers numerous activities for those with an interest in sporting or leisure pursuits and is steeped in a sense of history and tradition.

Trading Figures:

Trading accounts will be provided to parties who are genuinely interested following a viewing of the business and subject to a confidentiality agreement.  Please contact the joint selling agent for further details. 

Rateable Value:

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have been entered into the valuation roll at £20,100. The uniform business rate for the current year is £0.49 pence in the pound. Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.#

Legal Costs:

Each party shall be responsible for their own legal costs incurred in connection with the transaction with the purchaser liable for any LBTT and VAT.