8 High Street, Bonnybridge, FK4 1DA

Summary

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 restaurant is currently undergoing 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.

Key Points

Offers

Offers in the region of £195,000 are invited for the heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on a rental income of £20,000 per annum a purchase at this level would reflect a net initial yield of 10%.

Tenancy

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. 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.

EPC

A copy of the Energy Performance Certificate (EPC) is available upon request.

What3words

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Location