The Laurieston Bar in Glasgow, which has been owned by the Clancy family for more than four decades, has been put up for sale.

Business property adviser Christie & Co, which has been appointed to conduct the sale, said the “well-established bar” at Bridge Street in the Gorbals “is within one of the city’s most popular pub crawl circuits, and benefits from local and tourist trade year-round”.

Christie & Co noted the bar “also generates trade from the additional footfall from the nearby O2 Academy and will also soon benefit from the exciting regeneration project at Central Quay, which will bring [circa] 350 new apartments to the area”.

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Owners John and James Clancy said: “In any family business, family is the priority. After 40 years serving ‘The Laurieston Bar family’, we would now like to devote more time to serving the Clancy family. It goes without saying it will be business as usual until the right buyer is found.”

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Christie & Co said: “The Laurieston has maintained a traditional theme throughout, featuring panelled walls and ceilings, memorabilia and drawings from local artists which all add to the pub's charming character. The pub is also well-known for hosting regular events such as live music, comedy and club nights.”

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Tony Spence, associate director at Christie & Co, said: “This is a rare opportunity to acquire a longstanding, successful pub in central Glasgow. The business is well placed to succeed going forward and would suit both an owner-operator or could be added to an existing portfolio.”