The subjects comprise bar/restaurant premises arranged over the ground floor of a mid-terraced, 3 storey building which is of traditional stone construction, contained under a pitched and slated roof.
The property has the benefit of a traditional retail style frontage to Vicar Street which incorporates 2 principal display type windows.
Internally the property is arranged to provide an open plan bar/restaurant area together with a kitchen and appropriate storage/support sections.
Location
The subjects occupy a high-profile position on the western side of Vicar Street, in close proximity to its junction with Newmarket Street and Princes Street, forming part of Falkirk’s main town centre.
The surrounding area is given over to a variety of commercial usage with nearby occupiers including Slater Hogg & Howieson Estate Agents, Monterey Jacks Restaurant/Bar, High Spirits Falkirk and Belvoir Lettings. In addition, the property is situated in close proximity to Falkirk’s Business Hub which also accommodates Finnegan’s Café.
Falkirk itself comprises an important town within Central Scotland, lying midway between Edinburgh and Glasgow, forming the main administrative centre for the surrounding district. As such, the town provides extensive retail, leisure and local government facilities, having a resident population of 35,000 people and an immediate catchment of 160,000.
Accommodation
We would summarise the accommodation as undernoted:-
Main bar /restaurant – 97.28 sq m (1,047 sq ft)
Kitchen – 14.01 sq m (150 sq ft)
Terms
RATEABLE VALUE: Having regard to the Scottish Assessors Association website we note that the subjects are entered in the valuation roll at rateable value £32,500.
LEASE TERMS: The subjects are offered on a normal full repairing and insuring terms for a period to be negotiated incorporating rent reviews at appropriate intervals.
RENT: Offers of £15,000 per annum exclusive are sought.
VAT: All prices quoted are exclusive of VAT which maybe chargeable.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificates (EPCs) for the subjects is available upon request.
LEGAL EXPENSE: Each party will be responsible for the payment of their own legal costs. The incoming tenant will be responsible for the payment of any LBTT, registration dues and VAT incurred.
Specification
- Town centre bar/restaurant premises
- Busy main road frontage
- High profile town centre position
- Offers of £15,000 per annum exclusive sought