The subjects comprise a public house within a two storey building of stone construction with a rendered finish surmounted by a pitched and slated roof.
Internally the ground floor offers bar area together with two further seating areas, storage, cellar and male w.c. The first floor provides lounge/seating area, kitchen and female w.c.
Location
Tillicoultry is a town in Clackmannanshire, Scotland. Tillicoultry is usually referred to as Tilly by the locals. One of the Hillfoots Villages on the A91, which runs from Stirling to St. Andrews, Tillicoultry is situated at the southern base of the Ochil Hills, which provide a spectacular backdrop.
There are a variety of shops and restaurants within Tillicoultry as well as Sterling Mills Outlet Shopping Village which provides occupiers such as Nike, Home Bargains, Mountain Warehouse and Sterling Furniture Warehouse.
The subjects are located on the northern side of Glassford Square at its junctions with Lower Mill Street.
Accommodation
147.24 sq m / 1,584 sq ft
Terms
LEASE DETAILS
The property is currently leased at £13,000 per annum to an established operator on a 15 year lease with no break options. The landlord holds a three month deposit of £3,250 with the rent being paid yearly in advance. There will be a rent review every three years with a minimum annual increase of 2% or to market rent whichever is greater.
First rent review will be April 2024 increasing to a minimum £13,796 per annum.
PLANNING
All queries in relation to redevelopment/reconfiguration of the subjects should be addressed to Clackmannashire Council Planning Department.
PROPOSAL
Offers over £145,000 are invited for the Heritable interest.
EPC
A copy of the EPC will be available upon request.
CLOSING DATE
A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.
RATING
Rateable value £14,000.
VAT
All prices, premiums and rents quoted are exclusive of VAT.
Specification
- OFFERS OVER £145,000
- 1,584 SQ FT
- LEASED UNTIL 2036 WITH NO BREAK OPTION
- POPULAR HILL WALKING AND TOURIST DESTINATION
- 8.6% INITIAL YIELD
- RENT REVIEW EVERY THREE YEARS TO MARKET RENT WITH MINIMUM 2% ANNUAL INCREASE