The Penny Farthing is situated in a highly advantageous location on Cathcart Road in Glasgow. Being positioned on the main road and surrounded by local shops ensures that it benefits from significant passing foot traffic, providing ample opportunities to attract customers. The corner terrace building adds to the pub's visibility and charm, potentially making it a recognizable landmark in the neighbourhood. Its location amidst a bustling urban environment ensures that The Penny Farthing is well-placed to cater to locals. Additionally, the pub's proximity to excellent transport links, including trains and buses directly to Glasgow city centre, as well as direct access to the M77 motorway, further enhances its accessibility. This makes it convenient for both locals and commuters passing through the area to stop by for a drink.
Pub Layout
From the street you will enter the main bar area of the Penny Farthing. This is a spacious area split between a main bar and lounge area in open plan style. Dominated by the unique shaped galley style traditional bar to the right hand side of the room the main bar area is complete with wooden floors, fixed wall benched seating alongside low level loose tables and chairs, with TV's on the walls showing all televised sports. Through an archway to the lounge area you will find benched booth areas, carpeted floors and subtle decor providing the perfect ambiance for a quiet drink. This is in stark contrast to the main bar area yet balances perfectly within this open plan space.
There is no private accommodation at this site.
Annual Rent: £25,000
Security Deposit: £5,000
Working Capital: £2,000
Stock: £3,000
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Admiral Taverns are seeking an experienced, community focussed licensee, who will be able to connect with the locals and make the pub the hub of the local community. Ideally the new licensee should have knowledge of the area, have the ability to unlock the untapped growth potential for wet sales and be creative and passionate about local events. A strong marketing plan incorporating televised and pub sports, quizzes and local charity events, alongside building on the established trade will ensure the Penny Farthing will continue to be the pride of the local community.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
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