FOR SALE BY ONLINE AUCTION WEDNESDAY 29th of JANUARY 2025 AT 9.00AM · Commercial investment opportunity***Circa 2760 sq ft ***Well let double fronted commercial unit in popular local parade*** NEW commercial lease £20,000 per annum (Feb 24) *** Immediate Rental Yield of: 12%*** HIGH YIELDING INVESTMENT
***Property has been internally modernised & refurbished by Brand New Occupier*** Extensive refit*** All rent up to date*** Fabulous Restaurant / Bar Investment property*** Property in Prominent Location***
Very popular residential area:
64 Woodlea Gardens Sold £175k (April 24)
38 Woodlea Gardens Sold £270k (April 24)
6 Bonnyfield Road Sold £255k (April 24)
17 Duncan Street Sold £198k (Feb 24)
60 Woodlea Gardens Sold £301k (July 23)
*** UPMARKET RESIDENTIAL AREA***
·This property is located next to well maintained William Hill & Ladbrokes Bookmakers*** Fabulous parade of shops*** FULLY Refitted by great tenant (2024)
*** VAT FREE INVESTMENT***
Turn key Investment opportunity*** Great Sized property in popular location with good tenant who has invested substantial amounts in refurbishing the premises
*** All rent up to date*** Fabulous High Yielding Investment
Fantastic opportunity to acquire a well let Restaurant / Public House Investment property in popular local parade of shops in a sought after residential district in Bonnybridge. This property is being sold as a turnkey investment with Tenant in Situ---- ALL RENT UP TO DATE---- The subjects comprise two ground floor interlinked and symmetrical buildings used as a restaurant with a licensed beer garden to the rear. The properties are accessed via twin leafed recessed pedestrian doors which lead into the waiting areas. The entire property has undergone a full renovation to a high standard with a new bar, extensive dining area with booth seating. Office accommodation, customer and staff welfare facilities are provided.** The property is let on a new 10 year full repairing and insuring lease that commenced in February 2024, at a rent of £20,000 per annum.
***FULL LEASE DETAILS IN THE LEGAL PACK***
The lease incorporates a tenant break option at the 5th anniversary. The rent is subject to an open market rent review on the 3rd anniversary.***
Bonnybridge itself comprises an established town within Central Scotland, lying astride the A803 road route, approximately 4 miles to the west of Falkirk and some 7 miles south of Stirling. The town's position within the central belt ensures that Bonnybridge benefits from excellent road communication links with Junction 1 of the M876 lying approximately 1 mile to the north. In addition, nearby Falkirk has the benefit of several mainline railway stations which provide direct access to Edinburgh, Glasgow and the North. Neighbouring occupiers include Scot-mid, William Hill, Ladbrokes, Premier & Dominos.***FABULOUS INVESTMENT OPPORTUNITY***
GUIDE PRICE: £160,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Commercial Investment Opportunity***Circa 2760 sq ft ***
***Well let double fronted commercial unit in popular local parade***
*** Commercial lease £20,000 per annum (Feb 24) *** Immediate Rental Yield of: 12%***
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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