Busy Roadside Location
Ground Floor Unit With Parking
Let to Pizza Hut Franchise
Opportunity To Re-Gear Lease
Passing Rent: £17,000p.a
V.A.T Free Investment
Price: £155,000
Location
The City of Stirling is an affluent and historic city located at the heart of Scotland’s motorway network and is the main administrative and financial centre for the Stirling Council area. The city is located approximately 30 miles North West of Edinburgh and 25 miles North East of Glasgow, and benefits from major tourist attractions including Stirling Castle and The National Wallace Monument. Stirling has a population in excess of 93,750 people (Stirling Council, 2016), with c. 55% of Scotland’s population estimated to live within an hour’s drive and approximately 80% within a two hour drive. The city’s population is projected to increase by 16.3% to 105,860 people by 2037, significantly ahead of the projected increase for Scotland over the same period. The University of Stirling is one of the city’s largest employers, with 14,000 students and over 1,500 staff
The location is a busy delivery hub for the surrounding residential and student area.
Property
The property comprises a ground floor former public house within a larger mixed use development surmounted by a pitched roof with single storey rear extension.
Internally the space is presented in keeping with the franchise corporate high specifications. The main kitchen, stores, prep and staff facilities are situated to the rear of the demise.
Area
141.16sqm (1,518sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Glenshire Brands 1 Ltd
Expiry: The lease is currently running on tacit relocation with the tenant keen to agree new terms to extend.
Passing Rent: £17,000p.a
Price
The property is available on a freehold basis for £155,000
V.A.T
The property has not been elected for V.A.T
E.P.C.
Available on request
Title & Lease
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business