The subjects two retail premises arranged over the ground and first floor of a corner building which is of a stone construction incorporating glazed panel sections under a pitched and slated roof. The retail frontage both comprises double aluminium glazed entrance doors together with aluminium casement double glazing display windows.
Internally on the ground floor the subject are arranged to provide a main retail/salon area with separate hairdressing and minor cosmetic surgical enhancement room. Appropriate kitchen and WC facilities are also provided.
The independanr first floor property is arranged to provide a main retail/salon area combined with separate nail, lashes and minor surgical enhancement room. This unit also benefits from rear staff rooms and separate WC facilities.
Location
The property benefits from a prominent frontage being situated on the eastern side of Vicar Street lying within Falkirk town centre.
Vicar Street comprises part of Falkirk’s busy one way system and as such, forms a popular secondary retail location. Occupiers within the immediate vicinity include The Hub Business Centre, Caesar & Howie Solicitors, and Salon Ian.
Falkirk itself comprises an important town centre within central Scotland forming the main administrative centre for the surrounding district and as such providing extension retail, leisure and local government facilities. The town’s position ensures that Falkirk benefits from excellent transport links to the remainder of the county with the town having a resident population of over 35,000 at the Census of 2011 and over 156,000 residents within the district.
Accommodation
We would summarise the subject’s net internal areas as undernoted:
Ground floor - 108.6 sq. m (1,169 sq. ft.)
First Floor - 110.14 sq. m (1,186 sq. ft.)
Terms
RATEABLE VALUE - Having regard to the Scottish Assessors website we note that the subjects are entered into the current Valuation Roll at a rateable value of;
1 Vicar Street £23,000
3 Vicar Street £9,600
LEASE TERMS :
1 Vicar Street - The subjects are presently let on a 10 year lease until the 13th of May 2028 with an option to break on the 13th of May 2023 under full repairing and insuring terms at a passing rental of £11,000 per annum, exclusive.
3 Vicar Street - The subjects are currently let on a 5 year lease until 23rd of June 2023 with an option to break at year 3 on the 21st of June 2020 under full repairing and insuring terms at a passing rental of £7,365 per annum, exclusive.
PRICE - Offers of £200,000 per annum exclusive are sought.
VIEWING - Strictly by arrangement with the sole letting agents.
VAT - All prices quoted are exclusive of VAT which maybe chargeable.
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) 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.
OFFERS - All offers should be submitted in strict Scottish Legal Form to the Falkirk Office.
Specification
- Independent Ground + First Floor Salons
- Prominent town centre position
- Combined passing rental of £18,365 per annum
- Offers of £200,000 sought.