PROPERTY INVESTMENT, INCOME OF £XXX PER ANNUM - CLOSING DATE FOR OFFERS 2PM FRIDAY 18TH MAY 2018.
THE SPECIFIC RED ADDRESS LABEL MUST BE AFFIXED TO AN OFFER ENVELOPE.
The site is partly level and to the rear is a stone and brick retaining wall. It currently forms a gap site and is bound by modern tenement flats to the south-east, commercial premises, including the Sanam Tandoori Restaurant, to the north and north-west.
At the end of the lease and subject to all necessary consents, the site may be suitable for commercial or residential development.
Location
This investment property is situated towards the south eastern edge of Falkirk town centre. There is a mixture of commercial and residential uses in the area.
Accommodation
SITE AREA: 205 sq.m (0.05 Acres).
Terms
LEASE
The property is subject to a lease between Falkirk Council and Four A Properties Limited (company No SC497793). The lease is for twenty years and commenced on 15th November 2015. The current passing rent is £XXX per annum. The lease ends on 14th November 2035. There are five yearly rent reviews to market rent on the 1st August 2020, 2025 and 2030. The use within the lease is restricted to car parking and bin storage.
SITE AREA
205 sq.m (0.05 Acres).
PRICE
Offers in region of £XXX
VIEWING
Externally from main road at any time.
OFFERS
Formal offers to purchase the outright ownership interest from Falkirk Council must be in Scottish Legal Form. THE ATTACHED ADDRESS LABEL MUST be affixed to the offer envelope (contact this office for label if not attached). Offers must be received prior to the closing date of:
XXXm Friday 18th May 2018.
Offers should be submitted to:-
Chief Governance Officer
Falkirk Council
Municipal Buildings
West Bridge Street
FALKIRK
FK1 5RS
Please Note: Purchasers are to pay Falkirk Council’s reasonable legal costs in relation to this transaction plus a fee of £XXX for the preparation of the title deed plan. The purchaser accepts the subjects in their existing condition.
FREEDOM OF INFORMATION –
Prospective purchasers should note that under the Freedom of Information (Scotland) Act 2002, Falkirk Council may in certain circumstances require to provide copies of offers received to any FOI enquirer.