From
£145,000
(£240.46/sq. ft)
Restaurant for sale176 West Stirling Street, Alva FK12
603 sq. ft
Just added
Freehold
About this property
Corner property
Main arterial route
New 20 year Fri lease
Offers over £145,000
Gross Initial Yield of 10%
Minimum 5% rental uplifts
VAT free investment
Free car parking
Estimated Rates Payable: £1718.1
Description
The subjects comprise a ground floor corner takeaway within a 2 storey red sandstone building. The upper floor appears to be residential in nature. The roof is pitched and covered in slate.
The property is accessed via a single recessed aluminium framed pedestrian door which leads into the waiting area.
The commercial kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is covered in laminate, walls covered with plaster/paint and stainless steel splashbacks.
A store room, cold store and WC are provided to the rear.
Location
Alva is a small town in Clackmannanshire, set in the Central Lowlands of Scotland. It is one of a number of towns situated immediately to the south of the Ochil Hills - a popular tourist destination.
The corner property is located to the north of West Stirling Street (A91), immediately at its junction with Copland Place. Surrounding properties are of mixed design, vintage and character.
Nearby occupiers include The Cairn, Spar Alva and Bayne’s.
Tenancy
The property is let on a 20 year full repairing and insuring lease that commenced in June 2026, at a rent of £14,300 per annum. The rent is subject to upward only open market rent reviews, with a minimum 5% uplift in rent, in June 2029 and at every 5th anniversary. There are no lease break options. The lease is secured by a personal guarantor.
Price
Offers over £145,000 are invited for the heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on a rental income of £14,300 per annum a purchase at this level would reflect a gross initial yield of 10%.
Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £3,450.
EPC
A copy of the EPC is available upon request.
VAT
For the avoidance of doubt, all figures and prices are quoted exclusive of VAT.
What3Words
Knitted.peach.fairly
The subjects comprise a ground floor corner takeaway within a 2 storey red sandstone building. The upper floor appears to be residential in nature. The roof is pitched and covered in slate.
The property is accessed via a single recessed aluminium framed pedestrian door which leads into the waiting area.
The commercial kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is covered in laminate, walls covered with plaster/paint and stainless steel splashbacks.
A store room, cold store and WC are provided to the rear.
Location
Alva is a small town in Clackmannanshire, set in the Central Lowlands of Scotland. It is one of a number of towns situated immediately to the south of the Ochil Hills - a popular tourist destination.
The corner property is located to the north of West Stirling Street (A91), immediately at its junction with Copland Place. Surrounding properties are of mixed design, vintage and character.
Nearby occupiers include The Cairn, Spar Alva and Bayne’s.
Tenancy
The property is let on a 20 year full repairing and insuring lease that commenced in June 2026, at a rent of £14,300 per annum. The rent is subject to upward only open market rent reviews, with a minimum 5% uplift in rent, in June 2029 and at every 5th anniversary. There are no lease break options. The lease is secured by a personal guarantor.
Price
Offers over £145,000 are invited for the heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on a rental income of £14,300 per annum a purchase at this level would reflect a gross initial yield of 10%.
Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £3,450.
EPC
A copy of the EPC is available upon request.
VAT
For the avoidance of doubt, all figures and prices are quoted exclusive of VAT.
What3Words
Knitted.peach.fairly
Mortgage calculator
Monthly repayment
£725 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}