Property photos
Auction
From
£160,000
Property for sale
Bo'ness Road, Grangemouth FK3Local area information
Property location
Nearby amenities
- Moray Primary School 0.5 miles
- Sacred Heart RC Primary School 0.9 miles
- Polmont 2.4 miles
- Falkirk Grahamston 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- 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
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:
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
More information
Listed by
Savills - National Auctions
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