Scottish town pub price slashed to less than cost of Glasgow flat
The Robert Hamilton, a former Wetherspoons in Airdrie, is now on the market for a fixed price of £210,000.
The pub, which though currently vacant has a 'substantial' trading area over two floors as well as an outdoor seating area, had previously been listed as 'under offer' by agents Christie and Co at an asking price of £300,000.
The price cut means the pub is on the market for less than the price of a two-bed flat in Glasgow, with such flats in the Shawlands and Dennistoun areas currently on sale for offers over £220,000.
Agents Christie and Co said that the Airdrie pub, which is in the town's centre, had potential for redevelopment for residential use subject to planning consent.
As well as the ground and first floor sales areas, which include a fully fitted commercial kitchen, the pub's second floor has staff accommodation, storage, and a plant room.
Christie and Co first listed The Robert Hamilton for sale in August 2023.
The agency said of the pub: 'This property is situated in a prime location in the city centre of Airdrie and within easy walking distance of the main train station.
'The building is currently vacant and previously traded as a public house with a food offering.
'There is scope for residential development due to its size and location, this would require planning consent.'
They added: 'The business was well known within the community and used by the locals and visitors to the town.
'The property previously traded as a successful Wetherspoons and recently under an independent owner, however, we are confident that the site has the potential to cater for many concepts going forward.
'Gross internal area of around 8217sq.ft and could therefore be developed for other use.
"The property benefits from a Premises Licence permitting the sale of alcohol until midnight Sunday to Thursday and 1.00am Friday to Saturday"
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