The subjects comprise a retail unit arranged over the ground floor of a 2 storey building under a pitched and slated roof. The accommodation provides retail space at the front with staff accommodation, storage and W.C facilities at the rear.
Location
Grangemouth is situated in East Stirlingshire in the Forth Valley, on the Firth of Forth in Central Scotland and is situated approximately 3 miles east of Falkirk, 5 miles west of Bo'ness and 13 miles south east of Stirling. The town has a population of around 17,500 persons. The premises are situated on the west side of La Porte Precinct, the prime shopping location for the town centre. Nearby occupiers include Specsavers, Costa, British Heart Foundation, Subway and Cancer Research
Accommodation
TOTAL 359.53 sq m (3870sq ft )
Terms
TENANCY The subjects are let to Boots UK Ltd on a Full Repairing and Insuring lease expiring 19th August 2026. The current passing rent is £40,000 per annum.
SALE PRICE We are seeking offers in excess of £525,000 for the heritable interest in the subject:. This reflects an approximate Net Internal Yield of circa 7.28% after allowing for deduction of purchaser’s costs. EPC A copy of the EPC can be provided upon request to interested parties.
PLANNING We understand the property has planning consent for its existing use.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
RATING The premises are entered in the current Valuation Roll with a rateable value of £55,000.
LEGAL COSTS Each party to bear their own legal costs incurred in any transaction.
Specification
- OFFERS OVER £525,000 ARE INVITED
- PASSING RENT OF £40,000 PER ANNUM
- NET INITIAL YIELD OF 7.28%
- LET TO BOOTS UK LIMITED
- EXCELLENT COVENANT WITH A DUN & BRADSTREET RATING OF 5A2
- FRI LEASE EXPIRING 19TH AUGUST 2026