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12
ref: L10248

Investment sale- Public House with Large Residential Flat For Sale

Available
Under Offer
Price
£130,000 (€148,265 approx)
Location
The Bridgend Inn, 69 Main Street, Bridgend, PERTH, PH2 7HD
Property Type
Pubs
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KEY FEATURES



attribute
Public house with 3 bedroom first floor flat
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Prominent main road location
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Leased until 4 December 2019 at £9,750 per annum
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Lease contains beer/machine tie in favour of landlord
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Subject to schedule of condition
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Offers over £130,000 plus VAT (if applicable)

LOCATION


Perth is the administrative centre for the Perth & Kinross Council area and has a population in the region of 43,500 with a catchment estimated in excess of 150,000 people. It lies on the banks of the River Tay 40 miles north of Edinburgh, 22 miles west of Dundee and 33 miles north-east of Stirling. The property is located in Bridgend, an eastern suburb lying on the left bank of the River Tay, 250m north of the West Bridge Street Bridge, one of the two main road bridges over the river into Perth City Centre. Main Street (A93) is a continuation of the A85 which connects south with the A90/M90 and the A94 Y-junction which leads to Scone and Perth Airport lies 50m north. The property occupies a highly visible street location and is well placed to serve the surrounding community and benefit from passing traffic.


DESCRIPTION


The property comprises a 2 storey semi-detached stone building with attached and interconnected 2 storey brick extension providing an L-shaped single bar operation with traditional pub character featuring beamed ceilings and timber servery and gantry. The pub is laid out to provide around 36 bar covers and rear games/pool room (with 12 covers), customer toilets, plus rear storage and cellar. Accessed from the rear elevation (with an adjacent car space) is a substantial first floor private flat (numbered 71 Main Street) consisting of 3 bedrooms, lounge, kitchen and bathroom.


TENURE


The heritable interest in the property is available with the benefit of the existing lease. The entire property is let to George McConnell on an agreement running until 4 December 2019 at a rent payable of £9,750 per annum. The agreement contains beer and machine tie provisions in favour of the landlord and there is a schedule of condition regulating the tenants' repairing obligations. A copy of the lease is available to genuinely interested parties.


TERMS


Offers over £130,000 (plus VAT, if applicable) are sought.


RATEABLE VALUE


The Bridgend Inn is included in the 2017 Valuation Roll as a Public House with rateable value of £17,000. The flat numbered 71 Main Street is designated Band C for Council Tax purposes.


VAT


VAT, if applicable, will be payable in addition to the purchase price.


LICENCES


The pub has a Premises Licence (number 0009) from Perth & Kinross Licensing Board.


LEGAL COSTS


Each party is to be responsible for its own legal and professional fees in connection with this transaction.


FURTHER INFORMATION & VIEWING


For further information and viewings please contact the sole agents, Colliers International.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 26/08/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499