No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 25 July 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 2% of Sale Price (Min £3250 +vat)
The property is held on an F.R.I lease on the following terms; Tenant: Howwood Pub Limited Term: 19th June 2023 Expiry: June 2033 Tenant Break: 5th year Review: 5th Year Deposit: £35,000 Passing Rent: £90,000p.a Further: The tenant has been trading from the premises since 2018 and has signed a new 10yr lease following a substantial renovation of the property. The property comprises an imposing 3 storey public house, restaurant, and function suite forming the original Boarding House, opened in 1770 and extended over the years to include the following at ground floor; Lounge, external terrace, al fresco dining area, conservatory, restaurant, extensive kitchen, staff room, male, female and disabled w.c facilities. The upper floor is accessed via a separate staircase to the rear of the demise, offering a large function area with separate bar and w.c facilities. The upper floor benefits from fire escape to the rear. Included in the property is a managers apartment which forms an open plan lounge, bedroom, kitchen and separate bathroom. The full property benefits from air conditioning system throughout, enclosed refuse stores and large car park to the rear.
Auction Details
25 July 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Reduced Buyers Fee: 2% of Sale Price (Min £3250 +vat)
The property is held on an F.R.I lease on the following terms; Tenant: Howwood Pub Limited Term: 19th June 2023 Expiry: June 2033 Tenant Break: 5th year Review: 5th Year Deposit: £35,000 Passing Rent: £90,000p.a Further: The tenant has been trading from the premises since 2018 and has signed a new 10yr lease following a substantial renovation of the property. The property comprises an imposing 3 storey public house, restaurant, and function suite forming the original Boarding House, opened in 1770 and extended over the years to include the following at ground floor; Lounge, external terrace, al fresco dining area, conservatory, restaurant, extensive kitchen, staff room, male, female and disabled w.c facilities. The upper floor is accessed via a separate staircase to the rear of the demise, offering a large function area with separate bar and w.c facilities. The upper floor benefits from fire escape to the rear. Included in the property is a managers apartment which forms an open plan lounge, bedroom, kitchen and separate bathroom. The full property benefits from air conditioning system throughout, enclosed refuse stores and large car park to the rear.
Auction Details
25 July 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.