Key details
Overview
Excellent opportunity to acquire a recently refurbished bar / restaurant situated in a well-established position on Scalloway's waterfront, right in the heart of the village.
The business trades from sizeable premises estimated to extend to around 250m² (2500ft²) including the spacious main bar and serving area, a restaurant area, fully equipped kitchen, toilet facilities and attic storage.
There is also additional café / restaurant space on the shore side of the building which is presently not used but offers considerable scope for extending the business, this space enjoying fantastic views across the harbour area to the island of Trondra.
The prominent location is ideal for attracting passing trade both from locals but also visitors to the area.
Offers over £275,000 are invited for the business as a fully equipped operational entity including all equipment, fixtures & fittings. Stock in addition at valuation.
Situation
The Kb is situated in an excellent, very prominent, waterfront location right in the heart of the village of Scalloway, on the west coast of Shetland approximately six miles from Lerwick.
Originally the ancient capital of Shetland, the village which has a population of around 1,500, is clustered around the sheltered harbour, Main Street being the hub of the village where amenities including several local shops, a post office, hairdresser and hotel can be found. There is also a primary school, swimming pool, health centre and garage close by, whilst further around the harbour at Port Arthur is the boating club and marina, and the Scalloway campus of UHI Shetland. Scalloway also has a bustling port.
The business is well placed to attract passing trade particularly from locals as the bar is within walking distance of all of the village, but also visitors as thanks to its rich history, Scalloway is also a popular tourist destination, its imposing castle and the local history museum where information about the famous wartime 'Shetland Bus' operation which was for a time based in Scalloway, can be found, both being just along the road.
The location of the building and particularly the restaurant area, means customers can sit and enjoy stunning views southwards over the harbour area and beyond to the island of Trondra.
The property is situated in the Scalloway Conservation Area. The ‘Re-Create Scalloway’ aims to further develop the village.
The Business
The building is understood to have housed a bar for around 50 years. The bar is open seven days a week from 11am to 11pm Sunday to Thursday, and 11am to 1am Fridays & Saturdays. Presently there are two full-time employees, additional casual staff being taken on for functions etc. as required. The business is being sold with all equipment included, all owned outright.
The kitchen, restaurant area off the bar, and the waterside restaurant space are not presently in use although this offers an ideal opportunity for a prospective purchaser looking to quickly expand the business.
Premises
The business is housed in a large detached building which was originally a smokehouse hence the ‘Kb’ name, the ‘K’ standing for 'Kiln', the building having been extended and converted into a public house in the 1970's.
The premises have recently been substantially upgraded, in particular the main bar and restaurant area, foyer, toilet facilities and kitchen have all been extensively refurbished to a high modern standard, the work including re-lining and insulation, re-wiring, plumbing and heating upgrades, a new fire alarm system, a new bar and kitchen, plus new flooring and redecoration. As a result the premises now provide an attractive, light and airy environment in excellent order.
Overall the premises (excluding attic) are estimated to extend to around 230m² (2,500ft²) comprising the main bar / restaurant space, entrance foyer / toilet facilities, kitchen / beer cellar, plus the further waterside café / restaurant area (presently unused). The attic provides easily accessible storage space.
The main entrance is to the east side of the building opening to a lobby leading into the restaurant area to the left, a pleasant bright space with lots of natural light a view to the harbour area and seating for around 20, and separate access to the bar counter area.
On the right, accessible from both the restaurant and main bar, are the well-equipped male and female toilets with baby change facilities and fully equipped accessible toilet.
Ahead is the main bar area, a substantial space with a vaulted ceiling, exposed beams and wood laminate flooring adding character. With seating for around 40 customers including use of re-conditioned church pews, it is an attractive space with bar counter at one end and a gas-fired flame effect fire at the other. Sliding wooden doors separate the restaurant area from the bar allowing it to be screened off for private functions.
The large bar area offers a well-lit serving counter including drink chills, glass washer and ice machine, a computerised point of sale system and hand washing facilities.
Double doors from the bar lead to the fully equipped commercial kitchen which can also be accessed from the waterfront restaurant space, equipment here including a six ring gas range cooker / oven, two fryers, a grill, griddle, double fridge, dishwasher & microwave plus usual sink, shelf racking, wash hand basin etc. Off the kitchen is a keg store with external access hatch, and stair to three store rooms in the attic.
Right on the waterfront is the additional café / restaurant space. This is not presently in use but offers huge scope for expanding the business given its fantastic setting, south-facing aspect and large window area making the most of the stunning views over the harbour area to Trondra. There is a separate entrance to this side of the building with former toilet facilities although these require refurbishment and re-fitting.
There is a sheltered external seating area on the east side of the building.
Main Bar including serving counter
14.8m x 5.1m
Restaurant area
5.9m x 4.4m
Kitchen
4.5m x 4.1m
Waterfront Restaurant area
9.2m x 5.1m
Rateable Value
Understood to currently be £21,500 however prospective purchasers should contact Shetland Islands Council directly for confirmation.
Accounts
Details of accounts can be made available to seriously interested perspective purchasers following a viewing.
VAT
The price is exclusive of any VAT payable, if applicable.
Property location
The property is situated right in the heart of Scalloway about halfway along Main Street, on the shore side of the road.
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Important Information for Prospective Purchasers
This schedule is intended only to help you decide whether to view the property. We always recommend you view the property personally.
The information is believed to be correct, but it is not warranted and is not to form part of any contract of sale. All dates, distances, areas and room sizes noted are approximate and for use as a general guide only. Prospective purchasers should satisfy themselves as to the working condition or otherwise of any equipment such as central heating or kitchen appliances.
This schedule should not be taken as a comment on the condition of the property. This is a matter for your surveyor and we recommend that once you have found a property you are interested in, you obtain a survey report. We can provide details of surveyors if required.
Interested parties are advised to note their interest through their solicitor as soon as possible so that they can be informed if a closing date is fixed. Noting interest does not place any obligation on the seller to set a closing date or to give any noted interests the opportunity to offer. Whilst every effort will be made to advise noted interests of any closing date set, this cannot be guaranteed.
No responsibility will be accepted for expenses incurred by parties who have noted interest but do not get an opportunity to offer, or for any expenses incurred traveling to properties which have been sold or withdrawn.
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