Pubs for sale

Home of the British Open comes up for sale

By Liam Coleman

- Last updated on GMT

Home of the British Open comes up for sale

Related tags: The open championship

A slice of golf history has come on to the pub property market in Prestwick, Scotland.

South Ayrshire coast pub the Red Lion, which is credited as being the place where golf's iconic British Open Championship was born, is available on a freehold basis for £1.1m.

Key facts

Location: Prestwick, South Ayrshire, Scotland

Price: £1.1m

Tenure: Freehold

Wet:dry split: 42:58

Projected annual turnover: £1m

Agent: Colliers International (0141 226 1076)

The pub has a colourful history going back almost 200 years, but the most notable chapter in the venue's history happened in 1851. A group of golf enthusiasts formed a club at the pub, built a golf course nearby and went on to host the first Open Championship at that course in 1860.

More recently the pub has undergone a substantial refurbishment and now boasts a bar, lounge, restaurant, car parking, an outside terrace and owner's accommodation.

The owners who conducted the refurbishment are now selling the property on for £1.1m through Colliers International.

Colliers International's director of licensed and leisure property, Paul Shiells, said: "This pub has certainly got a bit of history attached, and that adds to its appeal. However, it is also important to note that following the work and investment put in by the sellers, it is a thriving and highly desirable licensed business returning substantial sales and bottom line profits.”

Related topics: Property law, Sport

Related news

Show more

Follow us

Pub Trade Guides

View more

FREE EMAIL NEWSLETTER

Subscribe to The Morning Advertiser

The definitive voice for the pub trade

Get the latest news, analysis and insights from the uk pub sector straight to your inbox!