The property is currently fitted out to a high standard throughout, with the ground, lower ground and basement levels currently forming The Underwood Lockhouse Restaurant and the first floor forming a public house, currently trading as Bar 17. The restaurant has separate bar facilities and can cater for approximately 140 covers at any one time, located over ground and lower ground level. The basement is accessed through the kitchen area on the lower ground floor and accommodates ample storage and staff facilities. The 1st floor provides bar accommodation, a large seating area, two private function rooms, separate toilet facilities and a small office. The upper floor is accessed via a stair from the main entrance.
PRIVATE & CONFIDENTIAL – STAFF UNAWARE
Location
The property is situated on the B816 between Allandale and Bonnybridge, directly opposite Lock 17 of the Forth and Clyde Canal. The premises occupy a standalone building on the banks of the Forth & Clyde Canal and benefits from ample car parking facilities together with outside seating areas.
Accommodation
The Gross Internal Area, measured in terms of the R.I.C.S. Code of Measuring Practice, is:
Common Entrance
Lobby - 10.541 sq m (113 sq ft)
Restaurant
Basement - 37.638 sq m (405 sq ft)
Ground Floor - 138.291 sq m (1,489 sq ft)
Bar
1st Floor - 154.873 sq m (1,667 sq ft)
TOTAL - 341.343 sq m (3,674sq ft)
Terms
Offers in excess of £1,200,000 are invited in respect of our client’s heritable interest and ongoing business.
Alternatively our client would consider leasing the premises on a 21 year Full Repairing and Insuring Lease at an initial rental of £72,000 per annum, subject to a premium of £300,000 for the established business, fixtures and fittings. The Lease would provide for 5 yearly rent reviews.
Specification
- Restaurant & Bar Premises
- Early Entry Available
- Approximately 3,674 sq ft
- Private & Confidential –Staff Unaware