Cape Bar, Public House 1 Corn Exchange Road Stirling FK8 2HX

Cape Bar, Public House
1 Corn Exchange Road
Stirling
FK8 2HX

Heritable Public House Investment

  • Let to Stone Leisure (Falkirk) Limited t/a Cape Bar until 2030 (no breaks)
  • Approximately 923.00 sq m (9,935 sq ft)
  • Established leisure location in city centre
  • Close to the Stirling Thistles Marches Shopping Centre
  • High yielding on guide price
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    43
  • Auction
    26th March 2015
  • Rent
    £61,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £460,000
  • Sector
    Public House
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
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* More information on the term "guide" can be found here

Heritable Public House Investment

  • Let to Stone Leisure (Falkirk) Limited t/a Cape Bar until 2030 (no breaks)
  • Approximately 923.00 sq m (9,935 sq ft)
  • Established leisure location in city centre
  • Close to the Stirling Thistles Marches Shopping Centre
  • High yielding on guide price
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 43
  • Auction 26th March 2015
  • Rent
  • Status Sold
  • Price £460,000
  • Sector
    Public House
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
27 miles north of Glasgow, 38 miles west of Edinburgh
Roads
M9, M80, A9
Rail
Stirling Railway Station (ScotRail)
Air
Glasgow International Airport
Situation

The property occupies a prominent corner position at the junction of Corn Exchange Road and pedestrianised King Street, an established leisure location within the city centre. The property is close to the Stirling Thistles Marches Shopping Centre housing retailers including Marks & Spencer, H&M, Debenhams, Zara and Next. Other nearby occupiers include New Look, Caffè Nero and a number of public houses and restaurants.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
27 miles north of Glasgow, 38 miles west of Edinburgh
Roads
M9, M80, A9
Rail
Stirling Railway Station (ScotRail)
Air
Glasgow International Airport
Situation

The property occupies a prominent corner position at the junction of Corn Exchange Road and pedestrianised King Street, an established leisure location within the city centre. The property is close to the Stirling Thistles Marches Shopping Centre housing retailers including Marks & Spencer, H&M, Debenhams, Zara and Next. Other nearby occupiers include New Look, Caffè Nero and a number of public houses and restaurants.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property, a three storey public house, comprises a ground floor bar and two mezzanine floors with customer seating, ancillary accommodation on the first floor and residential accommodation on the second floor that is not currently used.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a three storey public house, comprises a ground floor bar and two mezzanine floors with customer seating, ancillary accommodation on the first floor and residential accommodation on the second floor that is not currently used.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Mezzanine
Mezzanine
First
Second
Public House
Public House
Public House
Ancillary
Residential
351.00 sq m
40.00 sq m
80.00 sq m
226.00 sq m
226.00 sq m
(3,778 sq ft)
(431 sq ft)
(861 sq ft)
(2,433 sq ft)
(2,433 sq ft)
STONE LEISURE (FALKIRK) LIMITED (t/a Cape Bar) ON ASSIGNMENT 25 years from 29/07/2005 until 2030 £61,000 (1) 29/07/2015 & 5 yearly
Totals  
923.00 sq m
(9,936 sq ft)
    £61,000

(1) The seller is holding a £36,600 rent deposit.

Property Documents

  • Catalogue Page
    Updated Date
    03.03.15
    File Size
    605 KB
    View PDF
  • Site Plan
    Updated Date
    03.03.15
    File Size
    136 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Associate Auctioneers
CBRE Toronto Square, Toronto Street
Leeds
LS1 2HJ
Andrew Watt 0113 394 8819andrew.watt@cbre.com
Seller's Solicitors
Harper Macleod LLP 8 Melville Street
Edinburgh
EH3 7NS
Chris Noble 0131 247 2558chris.noble@harpermacleod.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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