The subjects comprise retail premises arranged over the ground floor of a 2 storey, corner building which is of stone and brick construction, contained under a pitched and slated roof.
The retail frontage to Newmarket Street comprises a timber/glazed entrance door together with a series of timber framed display windows. Further display windows are incorporated to the Glebe Street return frontage.
Internally the subjects are arranged to provide a main retail area together with a rear staff kitchen and toilet facility. The property also has the benefit of additional basement storage space.
The main retail area has a modern suspended ceiling with inset lighting. Ceiling mounted air conditioning units area also incorporated.
Location
The subjects occupy a prominent corner position at the junction of Newmarket Street and Glebe Street, lying adjacent to part of Falkirk’s pedestrianised town centre and to the north of High Street.
The surrounding area is given over to a variety of commercial usage with nearby occupiers including Clyde Property, Unison and Asda.
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 over 35,000 and an immediate catchment of 160,000.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a gross internal basis and is as follows
Ground Floor - 92.35 sq m (994 sq ft)
Basement - 31.92 sq m (344 sq ft)
Terms
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
NON DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £18,400 per annum.
PRICE: Offers of £135,000 are sought for the benefit of our clients absolute ownership.
LEASE TERMS: The subjects are available on normal full repairing and insuring terms, for a period to be negotiated, incorporating rent reviews are appropriate intervals.
RENTAL: Offers of £13,500 per annum exclusive are sought.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction. The incoming tenant will be responsible for any LBTT and registration dues.
VAT: We have been advised by the client that the property is not VAT registered.
Specification
- Flexible retail/class 1a premises
- Prominent corner position
- Suitable for a variety of retail/office uses
- Offers of £135,000 or £13,500 pax sought