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Property details
Map & nearby

Commercial property for sale in Bo'ness Road, Grangemouth

Investment

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Earl Of Zetland, 50 Bo’Ness Road, Grangemouth, Fk3 8Af

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Commercial property for sale

Property features

To be offered on Thursday 30 May
High Yielding Pub Investment
Converted Former Church
Let on a Lease Expiring 2032
Producing £28,000 per annum
Fixed 3-Yearly Rental Uplifts
Prominent Character Building
Guide Price Reflects 17.5% Gross Yield
Reversionary Yield of 22.5% Following Fixed Uplifts

Property description

Strapline

Auction Sale - 29/05/2024

High Yielding Leisure Investment

Former Church Building Now Used as a Pub

Let on a Lease Expiring 2032 and paying a rent of £28,000 per annum with fixed uplifts

Description

The property comprises a freehold pub investment let on a lease expiring 2032 and producing £28,000 with fixed uplifts.

Set within a striking former church building, the property is let on a full repairing and insuring lease to Pint of Joy Limited. The lease is for a term of 10 years expiring 2032 and paying £28,000 per annum. The lease includes three yearly fixed uplifts of £4,000. The rents are therefore as below:

31/01/2024 - 30/10/2026: £28,000 per annum
31/10/2026 - 30/10/2029: £32,000 per annum
30/10/2029 - 30/10/2032: £36,000 per annum

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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