The subjects comprise a ground floor retail unit contained within a three storey building which is of rendered brick/block and concrete construction contained under a flat roof.
The retail frontage to La Porte Precinct comprises a central timber/glazed entrance door together with two display windows. The property has the benefit of an electric roller security shutters.
Internally the subjects are arranged to provide a main retail area, rear storage area and appropriate toilet facilities.
Location
The subjects are situated on the eastern side of the La Porte Precinct which forms part of Grangemouth’s pedestrianised commercial centre providing accommodation for a wide selection of national and local retailers including William Hill, Boots, Iceland, B&M, Farmfoods and TSB Bank.
Grangemouth itself comprises an established town within Central Scotland lying on the southern banks of the River Forth, approximately 3 miles to the west of Falkirk and some 20 miles east of Edinburgh. The town is home to one of the country’s main petrochemical complexes as well as substantial port facilities which provide significant employment for the surrounding area.
Accommodation
We calculate that the subjects provide the following Net Internal Area:-
Net Internal Area - 821 sq.ft (76.27 sq.m)
Terms
RATEABLE VALUE - We note from the Scottish Assessor’s website that the subjects are entered in the current Valuation Roll at a Rateable Value of £XXX The Small Business Bonus Relief Scheme which was introduced on 1 April 2008 will remain in force for 2017-2018 and, given the Rateable Value of the suite, eligible businesses will benefit from a 100% discount.
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.
RENTAL - Offers of £XXX per annum exclusive are sought.
EPC - A copy of the EPC (Energy Performance Certificate) can be made available on request however, the rating is G.
LEGAL COSTS - The incoming Tenant will be responsible for the Landlord’s legal expenses and their own legal expenses in connection the transaction. The incoming Tenant will also be responsible for any Land and Buildings Transaction Tax or registration dues.
Specification
- Town centre retail unit
- 821 sq.ft (76.27 sq.m)
- Flexible lease terms available
- Qualifies for 100% rates relief, subject to eligibility
- Rental – £XXX per week