*** LEASEHOLD PRICE REDUCED ***
Immaculately presented restaurant. Prominent trading location in a growing town. 80 cover premises with Bar. Fantastically equipped premises (opened in 2019). Fully equipped commercial kitchen. Ground Lease opportunity/new lease available. Suitable for a variety of different international cuisines. Valuable beer garden to rear. Great opportunity for a motivated buyer. Advised internal area circa210 sq. metres.
LEASEHOLD: Premium £35,000. Rent £20,000.
GROUND LEASE: guide price £185,000.
The growing town of Bo’ness is situated on the Firth of Forth and approximately 17 miles west of Edinburgh, 7 miles east of Falkirk and 3 miles south of Linlithgow. The town enjoys excellent communication links to the rest of Scotland being close to both the M9 and M8 motorways.
Pier Pizzaz occupies and excellent trading location in the heart of the town centre. The subjects are directly opposite the main bus station as well as adjacent to a large park. This is an excellent trading location to cater for visitors, locals as well as those working in the area.
The business opened in 2019, our client has wisely developed a former bank premises into a superb restaurant offering, ready for new owners to inherit and push on as we exit Covid. The business offers an all en-compassing pizza and pasta offering while also offering steaks and other delicious items from the grill.
The business trades from a well patronised “sit in” custom as well as being active on takeaway sites including Just Eat.
Our clients would consider a new 10 year FRI lease, with a premium of £35,000 and a passing rental of £20,000 per annum.
The property and business are also offered on a ground lease basis. The property is offered for a sale with the residue of new 55 year ground lease. The annual rental is £2,200 per annum. Our client advises the ground landlord may be open to extend the ground lease to approximately 120 years.
