A popular bar and music venue in the centre of Inverness has had its asking price slashed once again.
Market Bar, on Church Street, first hit the market in 2020 at offers over £695,000 which has been reduced several times.
Now, the pub is listed by ASG Commercial for offers around £415,000 – a £280,000 drop from the original asking price.
The iconic venue has been run by its current owners, Ian and Pep Shepherd, since July 1982.
The couple have been planning their retirement in recent years which is why the traditional pub is available for sale.
Potential buyers have been told the business could “generate adjusted profits in excess of £100,000 per annum.”
Market Bar for sale
The selling agents have described the property as an “outstanding opportunity” which would suit a “hands on couple”.
It is hoped Market Bar in the heart of Inverness will be able to continue to serve the community once it has been taken over.
Popular with locals and tourists, the venue features a main bar on the ground floor and an area for music on the first floor.
It has even hosted big names such as The Proclaimers, Amy Macdonald, Paolo Nutini and Billy Connolly over the years.
The building dates back to 1740’s and retains many of its original features which offer a “degree of nostalgia”.
The space can accommodate up to 120 guests and has an extra floor which could also offer a development opportunity to the new owners.
Outside, there is space and a permit for tables in the lane to seat up to 12 people when the weather allows.
Market Bar’s dedicated team of staff currently run the bar seven days a week with the upstairs area open Thursday to Saturday for live music.
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