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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

PRIME INVESTMENT NEW 10 YEAR LEASE. £28,000 Pa rising to £36kpa. SUBSTANTIAL well positioned two storey former church approx. 5,500 sq ft (510.97 sq.m) currently operating as bar and restaurant.

LET to an established tenant on lease “free of any alcohol/beer tie” NEW 10 YEAR LEASE until 31st October 2033 at £28,000P/A. Rent rising to £32,000 in 2026 & £36,000 in 2029.

Internally provides open plan ground floor bar/restaurant, fitted for public house use, including servery, wash-up area and disabled access WC. PROMINENT FRONTAGE ONTO BUSY STREET***

HIGH PASSING TRADE LOCATION*** Nearby occupiers include Dominos Pizza, Bank of Scotland, Greggs, B&M, Asda, and Costa Coffee.

Grangemouth is a town in the Forth Valley, lying on the south bank of the Firth of Forth, 3 miles east of Falkirk and 13 miles south-east of Stirling, with a resident population of around 18,000.

TENANTED INVESTMENT OPPORTUNITY*** SUBSTANTIAL sized two storey former church approx. 5,500 sq ft (510.97 sq.m) cureently operating as bar and restaurant on NEW 10 YEAR LEASE. PROMINENT FRONTAGE ONTO BUSY STREET*** Internally provides open plan ground floor bar/restaurant, fitted for public house use, including servery, wash-up area and disabled access WC. Partial first floor includes a commercial kitchen, cellar, dry store and well-fitted male and female customer toilets. LET to an established tenant on lease “free of any alcohol/beer tie” NEW 10 YEAR LEASE until 31st October 2033 at £28,000P/A. Rent rising to £32,000 in 2026 & £36,000 in 2029. HIGH PASSING TRADE LOCATION*** Nearby occupiers include Dominos Pizza, Bank of Scotland, Greggs, B&M, Asda, and Costa Coffee.

Grangemouth is a town in the Forth Valley, lying on the south bank of the Firth of Forth, 3 miles east of Falkirk and 13 miles south-east of Stirling, with a resident population of around 18,000. Grangemouth has one of the UK's largest ports with Scotland's largest container terminal bringing an influx of passing trade to the town centre.

Full Address: 50 Boness Rd, Restaurant-Bar Investment, Grangemouth, FK3 8AF

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Tenancy Details

Type of Agreement: Basic Lease
Length: 31.10.2033
Rent: £28,000 per year / £2,333 per month
Yield: 20% (approx)
Tenant: Private Individual
Notes: LET to an established tenant on lease “free of any alcohol/beer tie” NEW 10 YEAR LEASE until 31st October 2033 at £28,000P/A. Rent rising to £32,000 in 2026 & £36,000 in 2029.

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Pricing Information & Bidding

Opening Bid: £141,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

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Buy Now Price = £165,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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