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2 Howgate 2,550 SF 100% Leased Retail Building Kilwinning KA13 6EJ $242,863 ($95.24/SF)
Investment Highlights
- Prominent town centre pub with 5 bedroom flat above.
- Long established public house, sale only due to retirement.
- Potential for 100% business rates relief.
- 272.49 sq. m. (2,933 sq. ft.).
- Potential for residential conversion subject to planning.
- For sale with Vacant Possession and further development potential.
- Plentiful public car parking nearby.
- Offers over £180,000.
Executive Summary
The subjects comprise a prominent semi-detached two storey property formed in a combination of stone and brick walls with a pitched roof clad in slate. The ground floor includes a bar/servery, lounge/snug, booth seating, staff and customer WC's, cellar and storage space. The first floor was formerly in use as short term letting accommodation comprising five bedrooms, two bathrooms, communal lounge and kitchen. It is not currently utilised by the owners so offers substantial scope for adding value to the licensed trade element of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Bar
Building Size
2,550 SF
Building Class
C
Year Built
1920
Price
$242,863
Price Per SF
$95.24
Percent Leased
100%
Building Height
1 Story
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Victoria Bar
- -
- 2,550 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Victoria Bar | - | 2,550 SF | - | - |
1 1
Nearby Major Retailers
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2 Howgate
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