Papa Rab's Restaurant & Bar, 12 Hanover Square, Stranraer, Dumfries and Galloway, DG9 7AF

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Prominent Trading Location • Restaurant, Bar & Takeaway • Licensed Outside Area Front and Rear • Fully Fitted Commercial Kitchen • Annual Sales for 2023 c.£400k (net) • Annual Rent £25,000 / Energy Rating E • Christie & Co Ref: 6863597

Location: • Nearest Station: Stranraer Station • Distance to Station: 0.6 miles

Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Full Description: DescriptionPapa Rab's Restaurant is well located just off the main high street. The property covers the ground floor of the building and benefits from a large public carpark to the rear and side of the building.LocationStranraer, also known as The Toon, is a town in Dumfries and Galloway, Scotland. It is located in the historical parish of Inch in the county of Wigtownshire. It lies on the shores of Loch Ryan, on the northern side of the isthmus joining the Rhins of Galloway to the mainland. Stranraer is Dumfries and Galloway's second-largest town with a population, including the immediate surrounding area, of nearly 13,000 inhabitants.

Stranraer is an administrative centre for the West Galloway Wigtownshire area of Dumfries and Galloway. It was formerly a ferry port, connecting Scotland with Belfast and Larne in Northern Ireland; the last service was transferred to nearby Cairnryan in November 2011. It lies by road 87 miles (140km) southwest of Glasgow, 52 miles (84km) southwest of Ayr and 72 miles (116km) to the west of Dumfries.Internal DetailsEntrance to the main restaurant is from the public carpark at the rear of the building. The restaurant can hold 80 covers with the outside paving area recently added in the Premises Licence. An open and spacious area, it has been modified to a very high standard with its own bar located to the rear and next to the commercial kitchen with a bespoke wood-fired pizza oven being an eye-catching feature in the restaurant. This is used to cook a number of dishes keeping kitchen gas and electricity costs to a minimum.

The bar is accessed by a separate door located at the front of the building with a small external area covered by an awning. This was erected during the Covid pandemic to accommodate hospitality rules, and which has also been recently added to the Premises Licence.Fixtures & FittingsAll fixtures and fittings are included within the leasehold sale (excluding any personal items).The OpportunityPapa Rab's Restaurant, currently rated in the top three restaurants in Stranraer on Tripadvisor, offers an exceptional opportunity to acquire one of the most well established and consistently performing bar restaurants in Stranraer. Popular amongst the locals the bar, currently only one of two pubs in Stranraer with a 'GOLD' rating from the Police 'Best Bar None' Scheme, is known for hosting live music at weekends, whilst the restaurant and takeaway remains popular with those looking for good quality food.

Papa Rabs is the perfect opportunity for an existing operator or new venture to continue a thriving business, there is no capital expenditure required and the business is in turnkey condition.StaffStaff details will be provided after a formal viewing has taken place.Trading InformationFull accounting information will be provided after a formal viewing has taken place.Trading HoursMonday 4.00pm to 8.00pm

Tuesday and Wednesday Closed

Thursday 4.00pm to 8:00pm

Friday 12:00pm to 2:00 pm, 4.00pm to 9.00pm

Saturday 12.00pm to 9.00pm

Sunday 12.00pm to 8.00pm

Bar Open 7 days a week from 12.00pmBusiness RatesThe Rateable Value is £14,500 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the local authority.Energy Performance CertificatesEPC 1