176 West Stirling Street, Alva, Clackmannanshire, FK12 5BG
- For Sale
- Investment
- 603 Sq Ft
- 145,000
The rent is subject to upward only open market rent reviews, with a minimum 5% uplift in rent, in June 2029 and at every 5th anniversary.
Key Features
- Corner property
- Main arterial route
- New 20 year FRI lease
- Offers over £145,000
- Gross Initial Yield of 10%
- Minimum 5% rental uplifts
- VAT free investment
- Free car parking
Property Description
The subjects comprise a ground floor corner takeaway within a 2 storey red sandstone building. The upper floor appears to be residential in nature. The roof is pitched and covered in slate.
The property is accessed via a single recessed aluminium framed pedestrian door which leads into the waiting area.
The commercial kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is covered in laminate, walls covered with plaster/paint and stainless steel splashbacks.
A store room, cold store and WC are provided to the rear.
The property is accessed via a single recessed aluminium framed pedestrian door which leads into the waiting area.
The commercial kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is covered in laminate, walls covered with plaster/paint and stainless steel splashbacks.
A store room, cold store and WC are provided to the rear.
Tenancy
The property is let on a 20 year full repairing and insuring lease that commenced in June 2026, at a rent of £14,300 per annum. The rent is subject to upward only open market rent reviews, with a minimum 5% uplift in rent, in June 2029 and at every 5th anniversary. There are no lease break options. The lease is secured by a personal guarantor.
Price
Offers over £145,000 are invited for the heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on a rental income of £14,300 per annum a purchase at this level would reflect a gross initial yield of 10%.
Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £3,450.
EPC
A copy of the EPC is available upon request.
VAT
For the avoidance of doubt, all figures and prices are quoted exclusive of VAT.
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Accommodation
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| Ground | 603 | 56.02 | On Application | Available |
Location
Alva is a small town in Clackmannanshire, set in the Central Lowlands of Scotland. It is one of a number of towns situated immediately to the south of the Ochil Hills - a popular tourist destination.
The corner property is located to the north of West Stirling Street (A91), immediately at its junction with Copland Place. Surrounding properties are of mixed design, vintage and character.
Nearby occupiers include The Cairn, Spar Alva and Bayne’s.
Business Rates
£1718.1 per annum
VAT
Not applicable
EPC
Legal Costs
Each party to bear their own costs
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