The subjects comprise a former government building which is part two storey and part single storey in height, of rendered brick construction, contained under a series of pitched roofs.
The property has been sub divided into a number of component units, providing 2 ground floor retail premises which front onto Cow Wynd, together with 4 rear business units and shared toilet facilities.
At first floor level the subjects accommodate a dental practice and separate rear office/recording studio.
Location
The subjects occupy a busy town centre position at the junction of St Crispins Place and Cow Wynd, lying a short distance to the south of Falkirk’s pedestrianised High Street.
In this regard, the subjects occupy a prominent corner position, with St Crispins Place forming part of one of the towns principal access thoroughfares, providing high visibility to significant amounts of passing traffic.
The surrounding area is given over to a variety of commercial and residential usage with nearby occupiers including DTA & Co, The Pantry Polish Delicatessen and HiFi Corner.
Falkirk itself comprises an important town within Central Scotland, forming the main administrative centre for the surrounding district and as such provides extensive retail, leisure and local government facilities. The towns position ensures that Falkirk benefits from excellent transportation links to the remainder of the country with the town having a resident population of over 35,000 people and a district catchment of 156,000.
Accommodation
Unit - A, B, C & S - 94.95 sq m (1,020 sq ft)
Unit - K - 36.8 sq m (396 sq ft)
Unit - D & E - 35.95 sq m (387 sq ft)
Unit - I & J - 39.14 sq m (421 sq ft)
Unit - F & G - 24.36 sq m (262 sq ft)
Unit - H - 28.76 sq m (310 sq ft)
Unit - L, N, O, R - 160.25 sq m (1,725 sq ft)
Unit - P & Q - 51.35 sq m (552 sq ft)
Terms
RATEABLE VALUE: Having regard to the Scottish Assessors Association website, we note that the subjects are entered in the current Valuation Roll as undernoted: -
Unit A, B, & S - £10,300
Unit K - £ 4,500
Unit D & E - £ 3,300
Unit J & I - £ 3,850
Unit F & G - £ 2,950
Unit H - £ 2,200
Unit L, N, O, R - £11,100
Unit P & Q - £ 4,550
The Small Business Bonus Relief Scheme was introduced on 1st April 2008 and will remain in force for 2021/2022. Given the Rateable Value of the component properties, eligible business will benefit from 100% rates relief.
PRICE: Offers of £315,000 are invited for the benefit of our clients absolute ownership, equating to a generous gross initial yield of 10%, with ample scope for reversionary growth
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.
TENANCY SCHEDULE: Please see the attached brochure
Specification
- Flexible retail/commercial premises
- Prominent town centre position
- Current rent roll of £31,500 per
- annum exclusive
- Flexible lease agreements offering
- scope for rental growth
- Offers of £315,000 invited