Prime tenanted three-storey public house

The property is a prime, tenanted three-storey public house located in Lanark Town Centre, offering a substantial size of approximately 11,000 square feet. It is subject to a lease with 1969MR Ltd, expiring on 15th November 2033, with a current rent of £36,000 per annum, increasing to £40,000 per annum from 16th November 2028. The tenant operates multiple licensed premises across central Scotland, and this property is considered iconic within the town. The operator aims to expand its catchment by offering various services such as venue hire, guest house facilities, and a gastropub. The three-storey public house features a ground floor comprising a bar, lounge, function suites, ancillary space, a cellar, and W/C facilities. The ground floor internally provides a large open-plan bar/lounge area with seating for approximately 50 covers, a front timber-panelled lounge accommodating 40 covers, and a rear raised lounge/suite with space for 84 covers. The upper two floors, currently largely unused, previously received planning permission in August 2015 for conversion into nine hotel bedrooms and staff facilities, including the installation of air conditioning units on the rear elevation. The property benefits from a busy thoroughfare with high volumes of passing trade, making it an ideal investment in a town centre location. Nearby occupiers include Greggs, Savers, Boots pharmacy, Poundland, Cardfactory, and Marie Curie, highlighting the excellent trading position. Lanark is a bustling market town situated approximately 20 miles south-east of Glasgow and 30 miles south-west of Edinburgh, with a resident population of around 10,000.