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FOR SALE BY ONLINE AUCTION 25TH JULY 2024, 8 High Street, Bonnybridge, Stirling, FK4 1DA

not specified / Leisure / Pubs/Bars/Clubs

For Sale - £165,000.00

Available - Last updated: 17 July 2024

8 HIGH STREET, BONNYBRIDGE, FK4 1DA
 
· 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*** Fabulous 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: £165,000
 
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Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.
 
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £165,000.00 NA

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