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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

PRIME INVESTMENT OPPORTUNITY*** TENANTED Public house / Restaurant well located within Carluke Town Centre. NEW 10 YEAR LEASE ***IMMEDIATE INCOME PRODUCING INVESTMENT.*** VAT FREE**

FULLY REFURBISHED*** NEW 10 YEAR LEASE. First year rent is £18,000, year 2 is £22,000 and £24,000 from year 3 onwards. Tenant in situ since January 2024.

RECENTLY REFURBISHED*** LARGE, terraced public house, restaurant contained over two floors (3,596 sq feet). Beer garden to the rear. New fire alarm installed. EICR certificate.

SUPER SIZE (approx 334sqm) AND LOCATION within busy town centre with HIGH LEVELS OF PASSING TRADE. Highly prominent frontage with business open and trading well in highly visible location.

Carluke has a population of 13,500 persons and is located within South Lanarkshire, 25 miles south east of Glasgow and 7 miles south of Hamilton. Super road and rail access. Busy town centre.

RECENTLY REFURBISHED*** Building electrical has its eicr certificate. New fire alarm installed. New python (beer lines) fitted throughout building. Many upgrades over the last 2 years. The lease is 10 years at £24,000 but currently running the first 2 years with incentives. First year rent is £18,000, year 2 is £22,000 and £24,000 from year 3 onwards. Tenant has been in since January Prominent roadside position BUSY MAIN ROAD. Main thoroughfare forming part of the A73 running through Carluke Town Centre. SUPER SIZED BUILDING - 3,595 SQUARE FEET - 334 SQ METRES.

Carluke has a population of 13,500 persons and is located within South Lanarkshire, 25 miles south east of Glasgow and 7 miles south of Hamilton. The town lies 5 miles east of junction 7 of M74 and the town is well served by public transport links, with regular rail services to Glasgow and surrounding Lanarkshire towns.

Full Address: 10 Kirkton Street, Kirkton Inn, Carluke, ML8 4AB

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Tenancy Details

Type of Agreement: Basic Lease
Length: 10 year lease
Rent: £18,000 per year / £1,500 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: The lease is 10 years at £24,000 but currently running the first 2 years with incentives. First year rent is £18,000, year 2 is £22,000 and £24,000 from year 3 onwards. Tenant has been in since January

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Pricing Information & Bidding

Guide Price: £230,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 24 October 2024, 3pm
Type: Deadline for Offers

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