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Map & Location

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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Total - 3,196 sq ft OUTSTANDING INVESTMENT OPPORTUNITY. Super sized commercial unit set over three floors in HIGHLY PROMINENT TRADING POSITION. £20,833 pa 10 YEAR LEASE NO BREAK OPTION.

Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Falkirk city centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY.

Let to Admiral Slots on a new 10 year full repairing and insuring lease expiring April 2033 at a current passing rent of £20,833 per annum.

EXCELLENT LOCATION within popular Falkirk Town Centre with massive levels of passing footfall. High Street popular with commercial users and offers easy access to train station and amenities.

Neighbouring occupiers include The Works, Vodafone, Three, Bodycare, New Look and Vision Express. The property is also located facing the popular Howgate Shopping Centre.

OUTSTANDING INVESTMENT OPPORTUNITY. Super sized commercial unit set over three floors in HIGHLY PROMINENT TRADING POSITION in thriving Falkirk Town Centre. Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Falkirk city centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY. Let to Admiral Slots on a new 10 year full repairing and insuring lease expiring April 2033 at a current passing rent of £20,833 per annum. EXCELLENT LOCATION within popular Falkirk Town Centre with massive levels of passing footfall. High Street popular with commercial users and offers easy access to train station and amenities. Neighbouring occupiers include The Works, Vodafone, Three, Bodycare, New Look and Vision Express. The property is also located facing the popular Howgate Shopping Centre.

Falkirk, with a population of 38,000, in central Scotland, 25 miles north-east of Glasgow, 23 miles west of Edinburgh and 15 miles south of Stirling. Access to the town is via the M80 and M9 motorways. Falkirk also has excellent transport facilities with readily accessible motorway links to Edinburgh, Glasgow and beyond and is served by two main line railway stations offering further superb transport links. Falkirk is also home to the popular Helix park and Kelpies, the Historic Callendar house and park, and the famous Falkirk Wheel, a rotating boat lift connecting the Forth and Clyde Canal with the Union Canal.

Full Address: 75-77 High Street, Full Let Building, Falkirk, FK1 1ES

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £20,833 per year / £1,736 per month
Yield: 11% (approx)
Tenant: Company
Notes: Let to Admiral Slots on a new 10 year full repairing and insuring lease expiring April 2033 at a current passing rent of £20,833 per annum.

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Pricing Information & Bidding

Opening Bid: £195,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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