icons_size_white icons_size
menu

Agent's details

REFURBISHED PUBLIC HOUSE INVESTMENT FOR SALE - INDEPENDENT GIN & COCKTAIL BAR

For sale: POA|Leisure Property, Pubs/Bars/Clubs, Licensed & Leisure

Property details

FOR SALEPOA
ADDRESS395 High Street, Kirkcaldy, Fife, KY1 2SG
TYPELeisure Property, Pubs/Bars/Clubs, Licensed & Leisure
TENUREInvestment Opportunity
POSTED ON11th August 2021

Description

Town Centre Licensed Premises
Fully Refurbished
High Quality Finishings
Established Operator
Expiry: 25th February 2031
Passing Rent: £12,000p.a.x
Price: £110,000

Location

The property is situated on the North West side of High Street at its junction with Dunnikier Road within a densely populated residential area of Kirkcaldy with parking provided by way of free public car park accessed adjacent on Dunnikier Road.

The property is centrally located within Kirkcaldy which is the main regional centre for the surrounding area and has a resident population of around 50,000 persons approximately 25 miles north of Edinburgh on the east coast of Scotland within the kingdom of Fife.

Faith is situated between the Firth of Tay and the Firth of Forth with inland boundaries to Perth & Kinross along with Clackmannanshire. Fife has the third largest population in Scotland with a resident population of 360,000 persons and comprises three principal towns Dunfermline Kirkcaldy and Glenrothes.

Property

The property comprises a ground floor public house within a larger three-storey traditional built structure overlaid by a pitched tile roof benefiting from advertising onto the Esplanade and Coal Wynd.

The property has been extensively refurbished by the tenant to include a separation of main bar area and snug with access to a external beer garden to the rear, male and female WC have also been refurbished and access to a small kitchen area is included.

Since the refurbishment and lifting of local restrictions the property and business have seen a substantial increase in activity with the tenant hosting a number of local and nationally recognised entertainers. The tenant currently trades as “independent gin and cocktail bar” the refurbishment includes new laminated timber floorcoverings ceramic tile wall coverings new screed and plaster ceiling with lighting provided by neon and LED lights surrounding the perimeter and recessed LED spots within the ceiling.

Executive Summary

The property is held on a full repairing and insuring head lease on the following terms:

Tenant: Personal Name t/a “Independant Gin & Cocktail Bar”
Expiry: 25th February 2031
Rent: £12,000p.a.x
Deposit: £3,000

Sale

The property is available on a freehold basis for a guide price of £110,000 representing a gross initial yield of 11% before purchasers costs

V.A.T.

Figures quoted are exclusive of V.A.T. The property has been elected for V.A.T as such the transaction will be treated as a transfer of a going concern

Lease & Title

Available on request

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.

Location

marker
Location: 395 High Street, Kirkcaldy, Fife, KY1 2SG

Kirkcaldy (0.5 miles)

Kinghorn (3.2 miles)

Glenrothes with Thornton (3.4 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here