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Superb Coastal Restaurant with Development Potential for Sale in Portpatrick

Portpatrick, Dumfries and Galloway
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A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 1
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 2
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 3
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 4
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 5
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 6
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 7
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 8
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 9
A superb coastal restaurant/development opportunity in sought after village (ref 1633) Photo 10
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A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)A superb coastal restaurant/development opportunity in sought after village (ref 1633)
  • Status

    FOR SALE

  • Date Submitted:

    29/01/24

  • Advert ID

    605789

  • Reference

    1633 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £260,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Currently Closed

Business Details

A superb coastal restaurant development opportunity in sought after village (ref 1633)

Harbourside premises in sought after trading locale. Former 50 cover restaurant. In need of internal Capex. Lock up property – huge potential. Outstanding residential development opportunity (STPP). Historic turnover in excess of 300k net per annum.

FREEHOLD Offers over £260,000.

The village of Portpatrick is located on the south-westerly coast of the Scottish mainland, cut into a cleft in steep cliffs set around a small bay and harbour. Portpatrick and the area around the village is long synonymous with holiday homes and caravan parks and being a welcoming tourist village on the most southerly of the Scottish coasts.

The subjects occupy a prominent trading location in the heart of the village on the harbour front amidst the pastel coloured sea fronting businesses and houses.

Portpatrick is approximately 10 miles from Stranraer and a further 5 miles north to the important ferry port of Cairnryan which connects tourists, business and daily commuter traffic across the Irish sea to Northern Ireland. Cairnryan is still one of the most important ferry terminals in Scotland heavily utilised by the public, freight as well as tourists.

Portpatrick is approximately 8 miles off the A75, the main motor route which connects Dumfries & the M74 motorway to Stranraer. Glasgow can be accessed within a comfortable 2.5 hour drive whilst Edinburgh is approximately a 3.5 hour drive to the north. The English border and the M74 are approximately an hours drive from Stranraer.

This is a very exciting opportunity for a motivated buyer to acquire a very well positioned property in one of the most sought after locations in the South West of Scotland.

Until recently the property has traded as a very successful restaurant catering for a strong local and tourist market. The opportunity now exists for an operator to re-establish a licensed opportunity in a first class trading location with superb harbour views.

Equally, subject to planning, the property could potentially revert easily to residential use.

Freehold. A guide price of Offers Over £260,000 is sought for the heritable interest in the property and all fixtures & fittings pertaining thereto.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'A superb coastal restaurant development opportunity in sought after village (ref 1633) - 1633 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.