The subjects comprise retail premises over the ground floor of a midterraced, stone-built building that is surmounted by a pitched and slated roof. The unit benefits from a fully glazed frontage incorporating boxed display windows around a glazed recessed doorway.
Internally the subjects are laid out to provide a spacious open plan sales area, with a kitchen/tea prep area and WC. The property has previously been used as a hair salon but would suit a variety of Class 1A uses.
Location
The subjects occupy an ideal position on Mill Street, situated within the heart of Alloa’s town centre.
Alloa itself forms an important town within Clackmannanshire lying on the northern banks of the River Forth astride the A907 road route. The town lies approximately 7 miles to the east of Stirling and some 5 miles northwest of Kincardine.
The town provides a variety of Local Authority and private housing stock, having seen significant modern development undertaken recently. In addition, Alloa provides a typical range of retail, educational and local government facilities which serve the surrounding semi-rural vicinity.
Alloa’s town centre provides accommodation for a range of national tenants including Boots, Argos, and Baynes. Occupiers in close proximity to the subjects include L.A Hunter Optometrists and Ramsdens.
The subjects benefit from good access to public transport links, with public car parks, free on-street parking, bus station and train station within minutes of the property.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:
43.80 sq.m/ 471 sq.ft
Terms
RATEABLE VALUE: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £6,500 per annum.
The Small Business Bonus Relief Scheme was introduced on the 1st April 2008 and will remain in force for 2023/2024. Given the rateable value of the property, eligible businesses will benefit from 100% rates relief.
LEASE TERMS: The subjects are offered on normal full repairing and insuring terms for a period to be negotiated incorporating rent reviews at appropriate intervals.
RENT: Offers over £7,500 per annum
VAT: All prices quoted are exclusive of VAT which may be chargeable.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction
ENTRY: Upon completion of legal formalities.
Specification
- Well located town centre retail/salon premises
- High levels of footfall and traffic
- Qualifies for 100% rates relief
- Extends to 471 sq ft (43.80 sq m)
- Offers over £7,500 per annum are sought