The asking price for The Wallace Bar in Ayr has been reduced by over £30,000.

The for sale public house is located on Tam’s Brig in a prominent roadside location in the Newton-on-Ayr district of the town to the north of Ayr town centre.

Occupying a mid-terrace two storey property formed over ground and lower ground levels with car parking and delivery space to the rear, The Wallace Bar provides a public bar area, servery/prep area and disabled access WC on the ground floor and a lounge bar, cellarage/stores and ladies and gents toilets on the lower ground floor.

Shepherd Partner Kevin Bell said: “An established and profitable business, The Wallace Bar is well appointed to a high standard throughout. A family-owned operation, our client has reluctantly decided to sell due to retirement after 12 years of ownership.

Read More: Ayrshire Property: Stunning family home in heart of seaside town

“The owner operates the bar with a pool of four part-time staff and the business is 100 per cent wet sales based.

"Accounts information will be made available to genuinely interested parties after viewing, however, there are no rates payable in the current financial year and the annual barrelage before the Covid 19 lockdown was around 200.”

Having initially being marketed at offers over £195,000, offers over £160,000 are now invited.

Interested parties should contact the sole selling agent on 01292 267987.