Town Centre public house and restaurant let to Stonegate Pub Company Limited until 2031
Comprehensive refurbishment of accommodation completed in late 2014
Pedestrian links to King Street, the main retailing thoroughfare in Kilmarnock
Approximately 695.91 sq m (7,491 sq ft)
On-site car parking
Lot 30
Auction 12th February 2015
Rent £68,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Leisure
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
24 miles south-west of Glasgow
70 miles west of Edinburgh
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station (ScotRail)
Air
Glasgow Prestwick Airport (8 miles south), Glasgow International Airport (18 miles)
Situation
Kilmarnock is the administrative and commercial centre for East Ayrshire. The town has a population of approximately 44,000 people and a catchment population of approximately 120,000 within a six mile radius. The property is situated in a prominent location on the eastern side of Bank Street, in the heart of Kilmarnock town centre with a number of pedestrian links to King Street, the main retailing street in the town.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
24 miles south-west of Glasgow
70 miles west of Edinburgh
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station (ScotRail)
Air
Glasgow Prestwick Airport (8 miles south), Glasgow International Airport (18 miles)
Situation
Kilmarnock is the administrative and commercial centre for East Ayrshire. The town has a population of approximately 44,000 people and a catchment population of approximately 120,000 within a six mile radius. The property is situated in a prominent location on the eastern side of Bank Street, in the heart of Kilmarnock town centre with a number of pedestrian links to King Street, the main retailing street in the town.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property consists of two fully inter-connected traditional two storey buildings fronting onto Bank Street providing a recently refurbished public house and restaurant on the ground floor with a modern extension to the rear. The first floor has been almost entirely removed to create a double height ceiling at the entrance to the property.
The service and loading area to the rear is accessed via Nelson Street and this area also provides a rear seating area as well as five car parking spaces.
Six Week Completion
VAT
VAT is applicable to this lot.
Viewings
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis (Telephone: +44(0)131 554 1705) or Gwen Thomas (Telephone: +44 (0)20 7034 4857).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property consists of two fully inter-connected traditional two storey buildings fronting onto Bank Street providing a recently refurbished public house and restaurant on the ground floor with a modern extension to the rear. The first floor has been almost entirely removed to create a double height ceiling at the entrance to the property.
The service and loading area to the rear is accessed via Nelson Street and this area also provides a rear seating area as well as five car parking spaces.
Six Week Completion
VAT
VAT is applicable to this lot.
Viewings
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis (Telephone: +44(0)131 554 1705) or Gwen Thomas (Telephone: +44 (0)20 7034 4857).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Public House
695.91 sq m
(7,491 sq ft)
STONEGATE PUB COMPANY LIMITED (t/a The First Edition)
25 years from 21/12/2006 until 20/12/2031 on a full repairing and insuring lease
£68,000
21/12/2016 and 5 yearly
Totals
695.91 sq m
(7,491 sq ft)
£68,000
(1) Stonegate Pub Company was established in 2010 and is now the largest privately held managed pub operator in the UK, with over 600 pubs and bars across the UK including brands such as Yates’s, Slug and Lettuce, Scream and Missoula Bars. (Source: www.stonegatepubs.com 19/01/2015)
