logo
Price slashed on pub for sale near Glasgow's Celtic Park

Price slashed on pub for sale near Glasgow's Celtic Park

Yahoo3 days ago
A pub near Glasgow's Celtic Park has had its price slashed after being listed for sale last year.
In October 2024, the Cottage Bar on Shettleston Road was put on the market for £165,000.
However, the boozer has now had its price cut to £140,000, eight months after it was put on the market.
On October 30 last year, we reported how the Scottish Business Agency listed the venue for sale.
READ MORE: Historic Glasgow pub named one of the best UK venues
READ MORE: Popular Glasgow bar named among the best in the world
In a description for the property, the agent said: "The Cottage Bar is a traditional public house with a bar on the ground floor and a disused lounge/bar on the first floor.
"Located at 875 Shettleston Road, it's been a regular haunt for many locals over the past 20 years.
"With the owner reaching retirement, the time has come for the pub to move on to a new owner.
"Now reduced - offers £140,000.
"The owner has operated the business for over 20 years, and is seeking offers for the sale of the freehold, going concern in order to retire. Being in the centre of Shettleston, this premises may also suit alternative uses such as retail, office or cafe/coffee shop/takeaway (STPP).
"Viewings strictly by appointment only, financials will be shared with seriously interested parties."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UK Doesn't Know How Much Billionaires Pay in Taxes, MPs Say
UK Doesn't Know How Much Billionaires Pay in Taxes, MPs Say

Bloomberg

timean hour ago

  • Bloomberg

UK Doesn't Know How Much Billionaires Pay in Taxes, MPs Say

The UK tax authority cannot identify how much tax the nation's billionaires pay on their wealth, hampering its ability to properly impose levies on the ultra-wealthy, according to lawmakers. His Majesty's Revenue and Customs has an incomplete grasp of the financial affairs of billionaires, the cross-party group of Members of Parliament on the Public Accounts Committee said in a report Wednesday, expressing disappointment over the lack of data collection on their wealth and assets.

Bailey warns Reform will make ‘no money' from Bank of England raid
Bailey warns Reform will make ‘no money' from Bank of England raid

Yahoo

time2 hours ago

  • Yahoo

Bailey warns Reform will make ‘no money' from Bank of England raid

Andrew Bailey has branded a Reform UK plan to overhaul the Bank of England's money-printing programme 'illusory' as he warned it will not deliver any taxpayer savings. The Governor of the Bank of England said the proposal to stop Threadneedle Street paying interest to commercial lenders would fail to generate the funds promised by the party. Reform, which is leading several polls, claims it could save up to £35bn a year by scrapping interest on reserves held at the Bank by commercial lenders. These reserves were created as part of the Bank's £895bn quantitative easing (QE) programme, which was used to boost the economy during the financial crisis and Covid. The Bank pays interest on these reserves at the base rate, currently 4.25pc. Reform wants to stop this money being paid out and use it instead to help fund an increase in the tax-free personal allowance to £20,000, as well as tax cuts for businesses. But Mr Bailey warned these savings were 'illusory', telling The Times: 'Please don't rely on that as income because it's not gonna be there.' The Bank's unwinding of its money-printing programme has come under increasing scrutiny owing to estimates that it could cost the taxpayer up to £150bn. The Telegraph revealed that Richard Tice, Reform's deputy leader, wrote to the Bank last month, accusing Threadneedle Street of prioritising bank profits over the interests of working people. Mr Tice said the unwinding of this programme, known as quantitative tightening (QT), was pushing up borrowing costs and piling pressure on the public finances. The Bank is reportedly preparing to fight back against accusations that QE did not provide value for money by publishing estimates of how much its bond buying reduced UK borrowing costs. Mr Bailey also published a five-page riposte to Mr Tice in which he warned that Reform's plan would hurt lending to the wider economy. He also warned that removing interest on reserves 'is akin to a tax on banks'. Mr Tice said he was planning to take up an offer by Mr Bailey to meet, although a date has not yet been confirmed He said: 'He is accepting my point on QT it sounds, which is good; and I look forward to discussing the interest payments when we meet. He does accept it is up for debate.' Mr Bailey also suggested last week that recent volatility in the bond market could change the way it sells its huge stockpile of UK debt going forward. The Bank is currently losing much more money on its stockpile of long-term debt because it is selling the bonds through QE evenly, resulting in steeper losses on long-term debt. While Mr Bailey would not be drawn on a looming decision in September, he said policymakers would 'look carefully' at how the rise in long-term borrowing costs 'plays into our decision'. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store