• Let to Stonegate Pub Company Ltd

• Largest pub company in the UK (Net Assets £237m)

• Lease recently extended until July 2036 – no breaks

• Good trading unit in Town Centre

• Let off market rent

• Offers in excess of £585,000, subject to contract

• Attractive net Initial Yield of 8.48%

Hopetoun Street comprises a busy, secondary retailing location within the town centre, near its junction with George Street, Bathgate’s principle pedestrianised retail thoroughfare. Nearby occupiers including Bank of Scotland, M & Co, Royal Bank of Scotland, Ladbrokes and William Hill.

Hopetoun Street serves as a hub in the town centre for the licensed trade with two independently run bars opposite and adjacent. The upper floor operates as the ENVI nightclub.

The property backs onto Acredale Car Park which offers free customer parking reached via an access lane directly adjacent to the property.

The subjects comprise a ground floor regular shaped unit within a 2 storey building. The upper floor is in separate ownership. The property has an extensive glazed frontage with brick external walls with painted render finish and flat roof.

Internally the unit is well-fitted to the tenant’s corporate standard with large open plan lounge/bar area with fully fitted kitchen and ancillary staff facilities.

Heritable (Scottish equivalent of English freehold).

The subjects have traded as a public house since 2006 and was originally let on a full repairing and insuring basis for 25 years beginning 2nd July 2006. The tenant, Stonegate Pub Company Ltd, has operated the premises under the lease since 2014 and agreed in January 2021 to extend the lease until 2nd July 2036 with no breaks.

The current rent is £52,000pa with provision for Open market rent reviews in July 2026 and 2031.

The property has been elected for VAT and therefore VAT will be payable on the purchase price. It is anticipated that the transaction will be treated as a Transfer of a Going Concern (TOGC).

We are instructed to seeks offers in excess £585,000, exclusive of VAT, in respect of our clients Heritable Interest in the property, with the benefit of the existing lease. This reflects an attractive Net Initial Yield of 8.48% after deduction of purchasers costs.

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