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Description

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

100% PRIME FULLY FITTED commercial RESTAURANT investment lease till JUNE 2040 - LET TO ESTABLISHED FOOD TAKEAWAY OPERATOR “PEPES PERI PERI”. £45,000 per annum rising to £50,000 Pa in June 2027

Lease to AIE Foods Ltd trading as Pepe's PERI PERI unitl June 2040 with no breaks. 14.25 yrs unexpired £45k pa from June 2025 this year and then £50k pa from June 2027 onwards.

*** RARELY AVAILABLE HOT FOOD RESTAURANT INVESTMENT*** TOTAL size is 3,879 sq ft, comprising 1,077 sq ft on the ground floor and 2,802 sq ft on the first floor.

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Current Rental £45,000 PER ANNUM

Coatbridge is located approximately 8 miles East of Glasgow and forms part of the Greater Glasgow area. High demand rental location with excellent links to Glasgow and Edinburgh.

100% PRIME FULLY FITTED commercial RESTAURANT investment lease till JUNE 2040 - LET TO ESTABLISHED FOOD TAKEAWAY OPERATOR “PEPES PERI PERI”. £45,000 per annum rising to £50,000 Pa in June 2027 Lease to AIE Foods Ltd trading as Pepe's PERI PERI unitl June 2040 with no breaks. 14.25 yrs unexpired £45k pa from June 2025 this year and then £50k pa from June 2027 onwards. *** RARELY AVAILABLE HOT FOOD RESTAURANT INVESTMENT*** TOTAL size is 3,879 sq ft, comprising 1,077 sq ft on the ground floor and 2,802 sq ft on the first floor. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Current Rental £45,000 PER ANNUM Coatbridge is located approximately 8 miles East of Glasgow and forms part of the Greater Glasgow area. High demand rental location with excellent links to Glasgow and Edinburgh.

Whifflet Street in Coatbridge (postcode ML5) is the main thoroughfare running through the Whifflet area, a historically industrial and working-class suburb located roughly 10 miles east of Glasgow. Traditionally rooted in mining and heavy industry, the area has evolved into a densely built residential neighbourhood with a strong local identity, often simply referred to as “The Whifflet.” The street itself functions as a local high street, lined with convenience stores, takeaways, pubs, pharmacies, and other everyday services, making it practical for daily living even though it lacks higher-end retail or leisure options. Residents benefit from good access to amenities, including several supermarkets such as Tesco, Aldi, and Lidl nearby, as well as a number of primary and secondary schools within walking distance. Transport is one of the area’s key strengths, with Whifflet railway station just a short distance away, offering direct connections to Glasgow and other parts of Lanarkshire, while major road links such as the M8 and M74 are easily accessible for commuters.

Full Address: 20-22 Whifflet Street, Let Pepes Peri Peri Restaurant, Coatbridge, ML5 4ER

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 15 Years
Rent: £45,000 per year / £3,750 per month
Yield: 13% (approx)
Tenant: Company
Notes: Lease to AIE Foods Ltd trading as Pepe's PERI PERI unitl June 2040 with no breaks. 14.25 yrs unexpired £45k pa from June 2025 this year and then £50k pa from June 2027 onwards. Rent reviews are 2029, 2034 and 2039.

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Pricing Information & Bidding

Opening Bid: £340,000

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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 28 May 2026, 10am-3pm
Type: Timed Online Auction

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