Heritable Bar Investment with Self-Contained Former Restaurant Above
Predominantly let to tenant trading as Cheers Bar
New 10 year lease from December 2018 (lease renewal) (1)
Tenant in occupation for at least 15 years
Vacant former restaurant above with separate access from the front (with Change of Use potential, subject to planning)
Adjacent to Costa Coffee and close to Farmfoods, Greggs, Morrisons and Superdrug
VAT-free investment
Popular Glasgow commuter suburb
Lot 59
Auction 11th July 2019
Rent £17,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Public House
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
8 miles south-east of Glasgow
44 miles west of Edinburgh
Roads
A74, M8, M73, M74
Rail
Cambuslang
Air
Glasgow Airport
Situation
Cambuslang is a suburban town on the south-eastern outskirts of Glasgow. The town is located just south of the River Clyde and approximately 8 miles south-east of central Glasgow. The property is located on the south side of the busy Main Street, close to its junction with Greenlees Road and a short walk to Cambuslang Train Station. Nearby retailers include Costa Coffee, Boots the Chemist, Savers. Domino’s, Subway, Morrisons, Farmfoods and Greggs.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
8 miles south-east of Glasgow
44 miles west of Edinburgh
Roads
A74, M8, M73, M74
Rail
Cambuslang
Air
Glasgow Airport
Situation
Cambuslang is a suburban town on the south-eastern outskirts of Glasgow. The town is located just south of the River Clyde and approximately 8 miles south-east of central Glasgow. The property is located on the south side of the busy Main Street, close to its junction with Greenlees Road and a short walk to Cambuslang Train Station. Nearby retailers include Costa Coffee, Boots the Chemist, Savers. Domino’s, Subway, Morrisons, Farmfoods and Greggs.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a ground floor bar with a former restaurant above on the first floor, separately accessed from Main Street.
VAT
VAT is not applicable to this lot.
EPC
Band G. See legal pack at acuitus.co.uk
Description
The property comprises a ground floor bar with a former restaurant above on the first floor, separately accessed from Main Street.
VAT
VAT is not applicable to this lot.
EPC
Band G. See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Bar/Public House
81.00 sq m
(872 sq ft)
WHITE HACKLE LTD
10 years from 21/12/2018 (1)
£17,000
21/12/2023
First
Former Restaurant
169.64 sq m
(1,826 sq ft)
VACANT
Total
250.64 sq m
(2,698 sq ft)
£17,000
(1) The lease is subject to a tenant option to determine in December 2023.
