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Blackadder Bar, 1 West High Street, Greenlaw, Duns, Berwickshire

Guide Price
£150,000
Auction House Scotland, Paisley
PROPERTY TYPE

Pub

SIZE

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Key features

  • Exciting trading commercial property
  • Income from day one from tenant in situ
  • Healthy 11.3% rental yield at Guide Price
  • 10 year lease agreed to 2031
  • Potential development on upper floors

Description

Bar/restaurant,
New to auction is this impressive bar/restaurant, enjoying prime trading location centrally in the Borders town of Greenlaw. Extending to approximately 279 sq.m (3,003 sq.ft) over three levels, the immaculately presented bar/restaurant is trading on the ground floor, complemented by commercial kitchen/wash area, WC's and keg cellar. The first and second floors offer meeting room/private dining room, office, and an additional six rooms with development potential for letting rooms or owner/manager accommodation. The property is currently leased on a 10 year term (to 2031) with a current passing rent of £17,000 p.a which equates to a healthy 11.3% at Guide Price, with scope to increase the rental as specified in the Lease. The published Rateable Value of £10,100 may qualify for rates relief under the Small Business Bonus Scheme. This a fantastic opportunity for a first venture into commercial rental with income generated from day one, and could equally be a great addition to an existing commercial portfolio. Early viewing is essential.

Greenlaw, nestled in the Scottish Borders, lies in the gentle foothills of the Lammermuir Hills, around 35 miles south east of Edinburgh. Greenlaw's heritage is reflected in its historic architecture, including the fine church built in 1675 on earlier foundations, showcasing corbie step gables—a distinctive feature of the period. Greenlaw is a conservation area ensuring that Greenlaw retains its unique charm and historical significance.


PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

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Blackadder Bar, 1 West High Street, Greenlaw, Duns, Berwickshire

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tweedbank Station13.6 miles
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About Auction House Scotland, Paisley

Auction House Scotland Office 2 Craigs Business Centre Macdowall Street Paisley Renfrewshire PA3 2NB
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Launched in 2013, Auction House Scotland forms part of a network of property specialists with the ability to sell anything anywhere in the UK; whatever the size, condition or circumstance, there is nothing we haven't seen or sold before.

 

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Notes

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Disclaimer - Property reference AGG-74726006. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House Scotland, Paisley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House Scotland, Paisley on 0141 673 7275.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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