The subjects form the ground and first floor of a larger 3 storey building of stoneconstruction. The property benefits from a large glazed display double frontage whichlooks onto High Street. Internally the unit provides a large open plan sales area to thefront of the property, with a cafe situated towards the rear. The upper floor is used foradditional storage accommodation
Location
The subjectsoccupyaprimepositiononHighStreet,within the town of Falkirk..
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
- 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