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No Private Accomodation
Property details
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.
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 an 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 bench seating alongside low-level loose tables and chairs, with TVs 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.
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Live Sports
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Experienced Operator
Trading style
The Penny Farthing is a vibrant and community-oriented pub with a strong emphasis on providing a welcoming environment for its local regulars. As a wet-led establishment, its primary focus is on offering a premium selection of beverages, live sporting events broadcasted on HD TV’s, pub sport teams and activities, such as dominoes, which are popular among its clientele alongside the Sunday fun day events, featuring activities like bingo, play your cards right, and live music, add to the pub’s appeal as a lively entertainment venue. Karaoke nights are a firm favourite amongst the locals, providing an opportunity for guests to showcase their singing talents and enjoy a fun-filled evening of music and camaraderie. With such a diverse calendar of events, The Penny Farthing ensures that there’s always something exciting happening, keeping its customers entertained and engaged throughout the week.
The landlords are seeking an experienced, community-focused 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, 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 that Penny Farthing will continue to be the pride of the local community.
Key financials
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Reference Number:
IU3WDL / P03992
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£10,000.00
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Annual Rent:
£25,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware that energy performance certificates are available from the landlord.
Annual Rent: £25,000
Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
Working Capital: £2,000
Stock: £3,000
F&F: TBC – funding options may be available for the right licensee.