LEASING OPPORTUNITY

SUBSTANTIAL REFURBISHMENT PLANNED

Rental range - £46,705 to £60,433 pa plus VAT

Colliers International 9 George Square GLASGOW G2 1DY +44 141 226 1000

www.colliers.com/uk/leisure

The Halt Bar, 160 Woodlands Road, Glasgow, Glasgow, G3 6LF

� Establishment licensed unit in Glasgow's West End close

to Charing Cross and Glasgow University

� Located in a good licensed position in a desirable and

accessible location

� Punch Taverns has a funded investment approved in

principle with circa £250,000 spend, to include new

fixtures & fittings

� Available on a new lease or tenancy agreement

CONTACT US

Viewing is strictly by prior appointment with Colliers International, through: Paul Shiells Licensed & Leisure +44 141 226 1076 Paul.Shiells@colliers.com

Property Ref: 21604

The Halt Bar, 160 Woodlands Road, Glasgow, Glasgow, G3 6LF

LOCATION

The Halt Bar is a highly visible corner site on Woodlands

Road, in the West End of Glasgow just to the west of Charing

Cross. The bar is well established and has gained a good

reputation in a local residential area benefitting from a high

student population and many residential flats.

AREA DEMOGRAPHIC

Over 640,000 people live within 5 miles of the Halt Bar

The local student population offers a strong opportunity for

incremental trade.

DESCRIPTION

The proposed trading areas will be comprehensively

refurbished (subject to receiving Local Authority permission)

and will provide:

- New external signage and lighting

- Versatile open plan trading area

-Stunning feature gantry

-Comfortable and stylish lounge

-Partially open plan kitchen

- New fixtures and fitting throughout

-Potential to develop an outdoor drinking space

An indicative trading plan/layout is shown above and further

details are available upon request.

OPPORTUNITY

Punch Taverns is looking to complete a transformational

investment at The Halt Bar and these plans are expected to

cost in the region of £250,000. The works will fully refurbish

the external and internal trade areas, and incorporating new

fixtures and fittings.

Once the works are complete the bar should be re-positioned

as a quality mid-market venue with a strong food offer and a

good range of drinks to include speciality beers, cask ales and

fine wines.

Full details of the proposed design with theme, sample and

mood boards, proposed finishes, indicative perspectives and

indicative floor layouts are available upon request.

RATEABLE VALUE

The property is assessed as a Public House with a Rateable

Value of £26,200 (effective 1 April 2010).

LICENCES

We understand that a Premises Licence has been granted for

the property.

TENURE

Punch Taverns offers you a choice of agreement, either a

lease or a tenancy.

Choosing a lease gives you access to their full range of

benefits including membership of the on-line Punch Buying

Club, free of tie concessions on Wines, Spirits Minerals and

local Ales and participation in their volume growth incentive

scheme.

Choosing a Tenancy involves fewer contractual liabilities with

less risk and comes with membership of their online Buying

Club and free of tie on Wines and Spirits.

The Halt Bar, 160 Woodlands Road, Glasgow, Glasgow, G3 6LF

ESTIMATED INITIAL INVESTMENT

The ingoing partner will require to make an initial estimated

investment of around £36,286 which comprises the following:

£ 11,250 Fixtures & Fittings (estimated)

£ 8,000 Stock & Glassware (estimated)

£ 5,000 Estimated Working Capital

£ 9,341 Deposit (between 20% and 25% of annual rent)

£ 1,195 Foundation For Success Training

£ 1,500 Legal fees/valuation/licensing/survey

TERMS

Rent Guide-

The level of rent is directly related to the discount you agree

for your target number of tied beer barrels.

All Punch Taverns pubs are available with full discounts for

your tied beer but the advantage of leasing a pub with Punch

is that you can choose to keep your fixed rent low by agreeing

to pay more for your target number of tied beer barrels. Any

barrels you buy above your target are sold to you at full

discount through a rebate in their volume growth incentive

scheme.

Punch Buying Club Option 1 - Annual rent £46,705 (£100

tied product discount/barrel)

Punch Buying Club Option 2 - Annual rent £60,433 (£160

tied product discount/barrel)

The rent for this pub has been calculated following guidelines

published by the Royal Institution of Chartered Surveyors. It is

based on an estimate of the profit this pub should be capable

of producing when run by a reasonably efficient operator. In

the same way the figures below for earnings, turnover and

FMT beer barrels are all estimates for a reasonably efficient

operator. You may believe you can do better or worse than

these estimates therefore you must make your own

assessment of the potential of the business and you must take

independent professional advice to build your own business

plan for the pub

FIXTURES AND FITTINGS

The investment in Fixtures and Fittings (see above) represents

the amount payable at the start of your agreement. The

remainder is subject to sales agreement payable over an

agreed period of time.

TRADE

An estimate of trade potential has been supplied by our clients

and this is in the order of £421,000 per annum. Further details

are available upon request.

Trade history-

Total Ale, Lager and Cider deliveries (including. free gifts):

Last 12 months - 318 barrels

1-2 years ago - 320 barrels

(1 barrel = 36 gallons = 288 pints)

STOCK AND GLASSWARE

Included as part of your initial investment

VAT

VAT is payable

LEGAL COSTS

Each party will be responsible for their own legal costs

incurred in the transaction however the ingoing tenant will be

responsible for any registration costs and Stamp Duty Land

Tax.

FURTHER INFORMATION AND VIEWING

Contact Paul Shiells of Colliers International on 0141 226 1076

(DD) or 07831 640777 (mobile).

Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 01/08/2012 Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509. Registered office: 9 Marylebone Lane, London W1U 1HL