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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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

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

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

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