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2 letting Apartments with Existing Tenants
Ground Floor Buisness Space with Tennant
Fast Food License & Alcohol License
Reference - 42618
Description Bruce and Co. Introduce to the market an investment opportunity to purchase retail space with accommodation. The retail space is currently occupied by a fast food / takeaway and restaurant business tenant who trades successfully and the residential accommodation included in this sale is occupied by the business owner in 1 apartment and another resident in the second apartment. The freehold has been offered to the market due to the current owners impending wish to retire and the properties are well presented throughout. New owners can expect regular rental from the residential accommodation and a generous monthly income from the business lease. The vendor would consider selling Retail space and flats separately.
Situation The business is centrally situated on the Main street through the village of Alexandria in West Dumbartonshire. Alexandria offers a selection of shops, regular bus services to Dumbarton, health care services, banks, restaurants, inn's and a number of recreational facilities. A further range of more comprehensive amenities can be found throughout West Dumbartonshire which benefits from numerous retail parks and shopping facilities as well as districts of world renowned scenic beauty.
Building Internal The business premises occupy the ground floor of a traditional end terraced building with a prominent corner position. The premises occupy what could potentially be 2 retail units with a takeaway service to the left and a restaurant with 30 covers situated to the right hand side. The business is accessed via an entrance way located at the front of the property and benefit from 2 large almost full length display windows. The premises are presented in good condition and the business trades successfully benefiting from custom from predominantly local and loyal clientèle.
Residential Accommodation Available under separate negotiation. The residential accommodation comes in the form of 2 individual apartments located above the business premises. The apartments are accessed separately by an external staircase positioned to the rear of the property and have existing tenants. Both apartments are designed over 2 storey’s and are well presented, finished to a modern standard. Apartment 1 consists of a kitchen, lounge area and bathroom on the lower level and 2 double bedrooms located on the upper level. Apartment 2 consists of a kitchen, bathroom, lounge and dining area on the lower level and upstairs benefits from 3 spacious double bedrooms and a second bathroom.
Building External The front of the property is straight to street looking directly onto the main road and the business front benefits from a large full length window which attracts passing trade. The business is close to all local amenities and there are a number of other shops in the vicinity. Private parking is available to the side of the property and there is ample parking on street.
Services The property has mains water, drainage and electricity.
Business Income / Tenure Residential Accommodation presents a monthly rental income of £375 per month for Apartment 1 (2 bedrooms) and £495 per month for Apartment 2 (3 bedrooms). The business space is offered on a lease to the current business owner of £2k per month with 13 years remaining on the existing lease.
Summary Excellent Investment Opportunity to purchase a large retail / restaurant space and letting accommodation with residents already in position. High monthly return on investment, therefore early viewing is essential!
Price Offers over £239,000.
Viewing Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.
Call to Action All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.
Further Information Should you require further information on this or any other property, please do not hesitate to contact us on .
For more information about this property, please contact Bruce & Company, EH12 on +44 131 268 9615 * (local rate)
Contact Bruce & Company about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company 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.