Ynot, Meadow Lane, Thurso is an investment sale of a tenanted bar and restaurant with rooms. This exceptional opportunity benefits from a superb central trading location within the town centre of Thurso the most northernmost town in the country.
The property is currently tenanted by a well-established and highly respected hospitality operator on a 10-year Fully Repairing and Insuring Lease which commenced in March 22. The lease generates a six-figure income p/a, providing an attractive investment opportunity.
Based on the current rental at the asking price this proposition offers a solid return on investment of 9% prior to costs.
The business trades as YNot Bar and Grill, which is a successful restaurant and bar with six high quality letting rooms. The modern restaurant can serve 100 covers with a further 50 covers on a mezzanine floor.
Adjoined to the restaurant is The Grove Bar, which is a traditional wet sales sports bar and lounge. The six letting rooms are finished to an extremely high standard, each with modern en-suites and underfloor heating.
The property is finished to a high standard throughout, the current landlord has ensured that a stringent maintenance schedule is undertaken, meaning that the property is presented in excellent condition throughout.
Key features:
- Investment sale of a successful tenanted bar and restaurant with rooms
- 10 year Fully Repairing and Insuring Lease (March 2022), generating a passing six figure rent p/a
- Attractive income opportunity offering a gross yield in the region of 9% p/a
- - Well maintained property in excellent condition centrally located in the town of Thurso
