The subjects form the ground and first floor of a larger 3 storey building of stone construction. The property benefits from a large glazed display double frontage which looks onto High Street. Internally the unit provides a large open plan sales area to the front of the property, with a caf situated towards the rear. The upper floor is used for additional storage accommodation.
Location
The subjects occupy a prime position on High Street, within the town of Falkirk. Falkirk has a central location within Scotland and excellent road connectivity, with easy access to Junction 7 of the M80 and Junction 6 of the M9, both within a 5-mile radius. These junctions provide convenient links to major road networks across the country. The town also provides access to public transportation, with Falkirk Grahamston railway station and regular bus services available nearby. Positioned in Falkirk's bustling town centre, the property occupies a promineint pitch on Falkirk’s main retailing thoroughfare. Surrounding occupiers are a vibrant mix of local and national businesses, such as Timpson's, Specsavers, Café Nero, and Vodafone.
Accommodation
296.91 SQM (3,195 SQFT)
Terms
RATING The subjects are entered in the current Valuation Roll with a rateable value of £32,250. The rate poundage for 2023/2024 is 49.8p to the pound.
SALE PRICE Offers in the region of £270,000 are invited for our client’s heritable interest in the subjects. A sale price at this level reflects a Net Initial Yield of 7.1% after purchaser’s costs deductions.
EPC A copy of the Energy Performance Certificate can be made available upon request.
LEGAL COSTS Please note that each party will be responsible for their own legal costs relative to any letting or transaction.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
PLANNING We understand that the property has planning consent for its existing use. The property may suit alternative uses subject to obtaining all necessary planning consents. It will be incumbent upon any purchaser to satisfy themselves in this respect
Specification
- ATTRACTIVE FRONTAGE ONTO FALKIRK’S HIGH STREET
- PASSING RENT £20,833 PER ANNUM
- UNEXPIRED TERM OF APPROXIMATELY 9-YEARS
- PRICE: OIRO £270,000 ARE INVITED
- NET INITIAL YIELD: 7.1% AFTER ALLOWING FOR PURCHASER'S COSTS