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Restaurant/cafe for sale

£195,000 (£70.65/sq. ft) Offers in region of

High Street, Bonnybridge FK4

Restaurant/cafe for sale 2,760 sq. ft*
Interested in this property? Call +44 141 376 6556 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Town centre location
  • Main arterial route
  • New 10 year Fri lease
  • Offers over £195,000
  • Net Initial Yield of 10%
  • VAT free investment

Property description

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.


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.


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.


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%.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Kirkstone, G2 on +44 141 376 6556 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kirkstone, and do not constitute property particulars. Please contact Kirkstone for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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