Shepherd sells first of Three Thistles magnificent seven licensed premises for seven-figure sum

Acting on behalf of pub company Three Thistles, Shepherd Chartered Surveyors has sold the first of a magnificent seven licensed premises stretching across Scotland’s Central Belt for a seven-figure sum to experienced operator Peter Di Ciacca, owner of Riva Restaurants.

One of Glasgow’s top west end bars, the Dram on Woodlands Road is located in a long-established licensed leisure circuit in the west end of Glasgow and in close proximity to The Stand Comedy Club.

Commenting on the sale, Gary Louttit, Head of Hospitality and Leisure at Shepherd, said: “I’m delighted to have brought this iconic business to the market and to have been able to see the huge level of interest shown in it, resulting in an early sale at an optimum price.

“And I can confirm that offers are in place for the remainder of the portfolio, and I expect to see all of the properties completing in the coming weeks.”