Map & Location
Map Street View SatelliteSpecial Terms of Sale
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Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)
Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Description
PRIME TENANTED Lanark Town Centre Public House. SUBSTANTIAL SIZE OF PROPERTY approx. 11,000 SQ FT. Tenant: 1969MR Ltd - Expiry: 15th November 2033 Rent: £36,000p.a increasing to £40,000p.a in 2028.
BUSY THOROUGHFARE WITH HIGH VOLUMES OF PASSING TRADE. Perfect investment property in TOWN CENTRE location.
Nearby occupiers include Greggs, Savers, Boots pharmacy, Poundland, Cardfactory and Marie Curie. EXCELLENT TRADING LOCATION***
Lanark is a busy market town located approximately 20 miles south east of Glasgow and 30 miles south west of Edinburgh. The town has a resident population of c.10,000.
Tenant: 1969MR Ltd Expiry: 15th November 2033 Rent: £36,000p.a increasing to £40,000p.a in 16th November 2028 The tenant operates multiple licensed premises across central Scotland. This property is iconic within the town with the operator able to retain a number of local staff, well established with the patrons of the town and aiming to expand their catchment with an variance of offerings such as venue hire, guest house and gastropub to attract new clientele. 3 storey public house comprises; ground floor bar, lounge, function suites with ancillary space, cellar, w/c. Upper floors previously had PLANNING PERMISSION for conversion to 9 hotels bedrooms. Internally the property provides large open plan bar/lounge (circa 50 covers), front timber panelled lounge (40) and rear raised lounge/suite with 84 covers. The two upper floors mainly unused although were granted planning consent in August 2015 to “form 9 hotel bedrooms and staff facilities, and installation of air conditioning units on rear elevation
Lanark is a busy market town located approximately 20 miles south east of Glasgow and 30 miles south west of Edinburgh. The town has a resident population of c.10,000.
Full Address: 15 Bloomgate, Clydesdale Inn, Lanark, ML11 9ET
Show MoreTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 10 Years
Rent: £36,000 per year / £3,000 per month
Yield: 17% (approx)
Tenant: Company
Notes: Tenant: 1969MR Ltd Expiry: 15th November 2033 Rent: £36,000p.a increasing to £40,000p.a in 16th November 2028 The tenant operates multiple licensed premises across central Scotland. This property is iconic within the town with the operator able to retain a number of local staff, well established with the patrons of the town and aiming to expand their catchment with an variance of offerings such as venue hire, guest house and gastropub to attract new clientele.
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Pricing Information & Bidding
Guide Price: £251,000
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Submit Offer NowSPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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Auction Details
Type: Deadline for Offers
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