Property Description
Located in the centre of Clovenfords Village, 3 miles from Galashiels town centre, the pub serves as a community hub for residents in the immediate and surrounding neighbourhoods of this picturesque area of the Scottish Borders. With an attractive bar area and adjacent conservatory, the pub offers space for a minimum of 50 covers. Additional facilities include a spacious catering kitchen, 7 ensuite letting bedrooms, and a large external terrace at the front of the pub. To the rear is a car park for 15 vehicles.
The area
Clovenfords Village is situated 3 miles outside Galashiels, the major commercial centre in the central Scottish Borders. The village is located close to main roads to Edinburgh, Peebles and Selkirk and is surrounded by beautiful Borders countryside with many historical landmarks & attractions that draw thousands of visitors to the local area throughout the year. The Borders railway serves Galashiels from Edinburgh, which helps to increase the visitor numbers on an annual basis.
The pub benefits from being the only pub found within a 20-minute walk with around 600 adults. The majority of the customer base is made up of high affluence.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in it having three income streams driven by a Quality Food & Drinks offer and the 7 Letting Bedrooms. The pub has traditionally attracted a local clientele from the Village and surrounding neighbourhoods, who use Clovenfords as a meeting place and as hub to have a drink, meal or to watch televised sport, or to play a game of pool and darts. With it’s excellent communication links, the pub also attracts visitors to the local area, looking for good quality food and/or a drink. The letting bedrooms and conservatory area offer additional facilities, which attract Customers, who wish to stay overnight, or hold a private meeting, or a private function/celebration.
We’re always open to new ideas, what would you do to drive trade?
We are looking for enthusiastic people, who are keen to run their own business, to take on Clovenfords Hotel. Experience of running a good quality licensed Food & Drinks operation would help, as would some knowledge of the local Scottish Borders area.
Having a clear vision and plan about how to attract Customers to the pub is a key to successfully building the business as a local community hub. There are many different levers and potential drivers, which will encourage a broad range of Customers to choose to come to Clovenfords. Implementing this plan well will ensure that this happens.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Main trading area with bar
50 internal covers (Bar & Conservatory)
30 external covers (External Terrace)
7 Letting Bedrooms
Car Park (15 spaces)
No separate living accommodation
Premises license available on request.
Agreement Type
Foundation Tenancy
Property Facilities
Live Sports
Letting Rooms
Pub Games
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
MISREPRESENTATION ACT 1967
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