Sep 20th, 2016
Pub famed as birthplace of The Open goes on sale
Historic Red Lion on market for £1.1 million
Words: John Dean
The Scottish pub famed as the birthplace of the British Open Golf Championship has been placed on the market, shortly after undergoing a successful refurbishment and re-launch.
The historic Red Lion in Prestwick has been going for almost 200 years and was the meeting place of a group of golfers who in 1851 decided to form a club, building a course with the help of greenkeeper Old Tom Morris. They then hosted the first ever Open Championship in 1860.
The pub has been extensively revamped recently in a way that keeps much of the original character of the old golfing haunt.
Now the owners, who re-launched the Red Lion in April under a new head chef, have put the property and business on the market with a guide price of £1.1m.
Paul Shiells, director, Licensed and Leisure, with Colliers International in Scotland, is handling the sale.
He 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.”