Property for sale in Blackadder Bar, 1 West High Street, Greenlaw, Duns, Berwickshire TD10
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Property features
- Exciting trading commercial property
- Income from day one from tenant in situ
- Healthy 11.3% rental yield at Guide Price
- 10 year lease agreed to 2031
- Potential development on upper floors
- Wheelchair accessible
Property description
Bar/restaurant, New to auction is this 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 leased on a 10 year term (to 2031) with a current passing rent of £17,000 p.a which equates to a healthy 11.3% at Guide Price, with scope to increase the rental as specified in the Lease. 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
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House Scotland, and do not constitute property particulars. Please contact Auction House Scotland for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.