Pub for sale
Property description & features
- Tenure: Freehold
- Exciting trading commercial property
- Healthy 11.3% rental yield at Guide Price
- Potential development on upper floors
Impressive bar/restaurant, enjoying prime trading location centrally in the Borders town of Greenlaw. Extending to approximately 279 sq.m (3,003 sq.ft) over three levels, the immaculately presented bar/restaurant is trading on the ground floor, complemented by commercial kitchen/wash area, WC's and keg cellar. The first and second floors offer meeting room/private dining room, office, and an additional six rooms with development potential for letting rooms or owner/manager accommodation. The property is currently vacant, & was previously leased on a 10 year term (to 2031) with a rental income of £17,000 p.a which equated to a healthy 11.3% at Guide Price. The published Rateable Value of £10,100 may qualify for rates relief under the Small Business Bonus Scheme. This a fantastic opportunity for a first venture into commercial rental with income generated from day one, and could equally be a great addition to an existing commercial portfolio. Early viewing is essential.
Greenlaw, nestled in the Scottish Borders, lies in the gentle foothills of the Lammermuir Hills, around 35 miles south east of Edinburgh. Greenlaw's heritage is reflected in its historic architecture, including the fine church built in 1675 on earlier foundations, showcasing corbie step gables—a distinctive feature of the period. Greenlaw is a conservation area ensuring that Greenlaw retains its unique charm and historical significance.
PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Cybercrime Warning:
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. PLEASE NOTE THAT OUR BANK ACCOUNT DETAILS WILL NOT CHANGE DURING THE COURSE OF A TRANSACTION AND WE WILL NOT CHANGE OUR BANK DETAILS VIA EMAIL. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference AGG-74726006. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House Scotland - Scotland.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.