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2-bedroom mixed-use property with potential

Forth, ML11 - Get Access

2 bed 1 bath

Description

The property, known as The Inns, is a mixed-use building located on Main Street in Forth, near Lanark. The ground floor comprises an entrance hallway, a restaurant space, and a bar area. It features a commercial kitchen and facilities for patrons. The bar is currently operating Thursday to Sunday, with potential to extend operating hours and grow the business. The rateable value is £5200 per annum. On the first floor, accessible from the rear, is the owner's accommodation. This includes an entrance hallway, a spacious lounge with a roof terrace offering views over Lanarkshire, a modern dining kitchen with fitted units, two double bedrooms, a shower room, and a storage cupboard. Externally, the property sits on a plot that presents a potential opportunity for redevelopment, such as extending the current premises, subject to local authority consent. The village of Forth offers amenities including a sports and community centre, health centre, primary school, bowling green, local shops, a butcher, pharmacy, and supermarkets. The larger market town of Lanark provides additional facilities, including a historic golf course and Lanark Loch. The location offers good access to the Scottish Borders and the Clyde valley, with outdoor activities like Tinto Hill and the Falls of Clyde nearby. Livingston, with its extensive shopping centres, is approximately 12 miles away. The property benefits from good transport links to Glasgow and Edinburgh, with the City Bypass about a thirty-minute drive away. Council Tax Band: A. Tenure: Freehold.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 850 sq ft

The property is a mixed-use building comprising a ground-floor commercial space (restaurant and bar) and first-floor owner's accommodation. The valuation has considered both the commercial potential and the residential aspects. Given the lack of directly comparable mixed-use sales in the immediate vicinity, the valuation has been primarily anchored by considering the potential of the residential accommodation and the redevelopment opportunity, cross-referenced with general commercial property values in the wider area.

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