8 High Street, Bonnybridge, FK4 1DA
Offers in Region of
£195,000
£70.65 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,760 sq ft
256 sq m
- SECTOR
Cafe for sale
Key features
- Town centre location
- Main arterial route
- New 10 year FRI lease
- Offers over £195,000
- Net Initial Yield of 10%
- VAT free investment
Description
Description
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.
Location
Bonnybridge is an established town within the Central Belt which lies astride the A803 road route approximately 5 miles west of Falkirk and immediately adjacent to the M876 motorway. The town provides a typical range of local retail and associated facilities with the property lying on the main thoroughfare of the town.
The property is located in a town centre position on the northern side of High Street, immediately to the west of Main Street, within the heart of Bonnybridge’s main commercial centre. Nearby occupiers include Scotmid, Bamboo Garden and William Hill.
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.
Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £23,500.
EPC
A copy of the Energy Performance Certificate (EPC) is available upon request.
VAT
The subjects are not elected for VAT, therefore, VAT will not be payable of the purchase price.
Legal Costs
Each party will be responsible for their own legal costs.
Entry
Entry will be available on completion of legal formalities.
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.
Location
Bonnybridge is an established town within the Central Belt which lies astride the A803 road route approximately 5 miles west of Falkirk and immediately adjacent to the M876 motorway. The town provides a typical range of local retail and associated facilities with the property lying on the main thoroughfare of the town.
The property is located in a town centre position on the northern side of High Street, immediately to the west of Main Street, within the heart of Bonnybridge’s main commercial centre. Nearby occupiers include Scotmid, Bamboo Garden and William Hill.
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.
Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £23,500.
EPC
A copy of the Energy Performance Certificate (EPC) is available upon request.
VAT
The subjects are not elected for VAT, therefore, VAT will not be payable of the purchase price.
Legal Costs
Each party will be responsible for their own legal costs.
Entry
Entry will be available on completion of legal formalities.
Brochures
8 High Street, Bonnybridge, FK4 1DA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Larbert Station2.7 miles
- Camelon Station2.8 miles
- Falkirk High Station3.8 miles
About Kirkstone Limited, Glasgow
2/3 48 West George Street, Glasgow, G2 1BP
Kirkstone is an independent commercial property practice and was established to offer strategic advice to those that may not be reaping maximum returns from their commercial property interests.
We advise and act for clients across a variety of market sectors throughout the entire commercial property ownership and involvement process from initial acquisition to asset management including lettings, rent reviews, lease renewals and ultimate asset disposal.
Our firm is regulated by Th
Notes
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