The subjects comprise a single storey detached restaurant of masonry construction, surmounted by a flat felt covered roof. The property sits on a prominent 0.70 acre plot. Surface parking is provided for over 12 vehicles.
Internally, the property provides a restaurant fitted out to a high standard in the Tenants corporate branding. There is an extensive dining area and professional standard kitchen, chill room and ancillary accommodation to the rear.
Location
Livingston is the largest town in West Lothian, Scotland and can be accessed by the main arterial route of the M8 which stretches across the Central Belt.
The property is located within Ladywell which sits circa 2 miles south of Junction 3 of the M8 motorway and one mile north of the Town Centre. The situation of the subjects benefit from a high level of passing vehicular traffic. The surrounding area comprises a mature and established mixture of residential and commercial premises.
Terms
TENANCY
The property is let in its entirety on full repairing and insuring terms for a 10 year term commencing 1st October 2019 at a current rent of £35,000 per annum which is subject to an upward only open market review on the fifth anniversary.
OFFERS
Offers in excess of £400,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) which based on the rental income of £35,000 per annum would reflect a net initial yield of 9%.