The subjects comprise a public house within a two storey building of stone construction with a rendered finish surmounted by a pitched and slated roof.
Internally the ground floor offers bar area together with two further seating areas, storage, cellar and male w.c. The first floor provides lounge/seating area, kitchen and female w.c.
The property is currently leased at £13,000 per annum to an established operator on a 15 year lease with no break options. The landlord holds a three month deposit of £3,250 with the rent being paid yearly in advance. There will be a rent review every three years with a minimum annual increase of 2% or to market rent whichever is greater.
First rent review will be April 2024 increasing to a minimum £13,796 per annum.
Offers over £150,000 are invited for the Heritable interest.
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):
All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Clackmannanshire Council Planning Department.
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 £14,000.
A copy of the EPC will be available upon request.