The subjects comprise a substantial detached 1.5 storey building of traditional stone construction surmounted by a timber framed and pitched roof overlaid in slate. The property benefits from various extensions to include two conservatory style projections and flat roofed single storey extension. Within the grounds is a detached two storey residential dwelling of brick construction surmounted by a pitched and tiled roof. The remainder of the grounds include large carpark providing space for approximately 70 spaces, beer garden area and additional garden grounds. The total site extends to approximately 1.2 acres and offers good expansion or potential development space.
Internally, the subjects provide the following:
Hollybank Restaurant: Large restaurant area providing approximately 120 covers, public bar, large fully fitted kitchen with good range of appliances and walk in chill, secondary sweet kitchen and separate male, female and accessible w.c. The first floor provides 4 ensuite bedrooms which have not been in use for a number of years and staff changing/laundry area.
From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):
Ground floor: 474.8m²/5,111ft²
First floor: 173.9m²/1,872 ft²
Total site: we have estimated the total site area to extend to approximately 1.2 acres. Within the grounds is a detached 2storey residential dwelling providing 3 bedrooms.
The restaurant has been operated by the same owners since 1991 trading as The Hollybank. The business has focused on food and beverage sales over the past decades and has performed consistently well. We believe that there is good scope to increase turnover and profit. The 4 letting bedrooms have not been utilised and could be refurbished and used to offer accommodation. Profit and Loss accounts can be provided to seriously interested parties.
The Subjects are available as an operational entity or vacant possession.
Offers over £630,000 are invited for the Heritable freehold interest.
A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.
All prices, premiums and rents quoted are exclusive of VAT.
Rateable value £43,000.
All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Stirling Council Planning Department.