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Pub for sale

Oakwood Lounge, Fairfield Road, Alloa, Clackmannanshire, FK10

Under Offer £320,000

Property Description

Key features

  • Purpose built, stand alone licensed premises.
  • Busy main road frontage and large residential catchment.
  • Detached bungalow included.
  • Currently occupied by way of a lease agreement although vacant possession available.
  • EPC Rating G.
  • Offers over 320,000.

Full description

LOCATION:
The subjects enjoy a busy main road frontage on the western side of Fairfield Road (B908) lying immediately to the south of Ten Acres on the northwestern outskirts of Sauchie. The premises occupy a high profile position on one of the areas busy road routes and enjoy a large surrounding residential catchment area which is given over to a variety of private and Local Authority stock.

Sauchie itself forms an established, predominantly residential village situated to the northern periphery of Alloa lying some 8 miles from Stirling. The village provides a variety of Local Authority and private housing stock together with adequate local retail and associated facilities.

DESCRIPTION:

Licensed Premises

The subjects comprise a stand alone, purpose built licensed premises which is single storey in height and largely of brick/block construction which incorporates synthetic stone sections. The front section is contained under a pitched and tiled roof. The original premises have been extended to the rear, this projection being single storey in height and of rendered brick/block construction under a flat, felt clad roof.

A sun lounge has also been added to the rear which incorporates a brick lower section under an insulated profile metal clad roof.

Internally the subjects provide a main public bar which has a sun room and separate games room to the rear together with an interconnecting lounge bar/function suite. A kitchen facility is provided together with appropriate support accommodation including a substantial cellar.

The principal public areas are finished to an appropriate standard throughout with adjoining bar serveries provided. The lounge/function suite can accommodate approximately 76.

Externally the subjects have the benefit of appropriate dedicated parking to the front and rear.

Bungalow

The subjects comprise a detached bungalow which lies to the rear of the main licensed premises and is of rendered brick/block construction, under a pitched and tiled roof.

Internally the subjects are arranged to provide an open plan living room/dining room, kitchen, utility room, three bedrooms and bathroom.

The property has the benefit of UPVC double glazed windows throughout together with a gas fired central heating system.

Driveway parking is provided together with appropriate garden/ landscaped sections

FLOOR AREAS:
According to our measurements taken during our inspection, we calculate the gross internal area of the lower ground floor bar/restaurant to extend to 319.35 m (3,437 ft) approx. with the bungalow being 118.50 m (1,276 ft) approximately.

FLOOR PLANS:
A copy of the license plan showing the layout of the subjects can be provided upon request.

TRADE INVENTORY:
The asking price will include the trade inventory.

RATING ASSESSMENT:
From reference to the Scottish Association Assessor's website, (www.saa.gov.uk) the subjects are noted to have a Rateable Value of 42,500.

In terms of the bungalow we note that this is listed as Band E for Council Tax purposes.

EPC:
A copy of the Energy Performance Certificate (EPC) for the subjects can be made available on request or by accessing the DM Hall website (www.dmhall.co.uk). The Energy Rating is G.

TENANCY DETAILS:
While the property is tenanted at the moment vacant possession can be obtained.

PRICE:
Offers over 320,000 are invited for the purchase of our client's heritable interest in the subjects.

VAT:
Our clients have elected to waive exemption to VAT and accordingly VAT will be payable on the purchase price.

It may be possible for the transaction to be completed by way of a TOGC, however, interested parties will require to seek their own financial advice in this regard.

LEGAL COSTS:
Each party will be responsible for their own legal cost incurred in the transaction.

DATE OF ENTRY:
By mutual agreement, however, immediate entry following conclusion of missives is available.

VIEWING AND FURTHER INFO:
Viewing is strictly by appointment only and arrangements should be made by contacting Michael McIntyre at this office on 01324 628321 or by email on michael.mcintyre@dmhall.co.uk or falkirkproperties@dmhall.co.uk.

In addition, further information including the License Plans, Energy Performance Certificate, Asbestos Report, Title Plan, etc. can be found on our website at www.dmhall.co.uk not only in respect of the subject property but all pub disposals under the instructions Greene King Plc.


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