OPENING BID

Timed Online Auction

23 April 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address:  La Porte Precinct, Cancer Research, Grangemouth, FK3 8BG

SUPER COMMERCIAL INVESTMENT WITH SETTLED LONG-TERM TENANT. Highly visible commercial unit with immediate secure rental income of 24,000 per annum on 27 year FRI lease since 1995. Located in the popular Grangemouth town centre.

Excellent size and frontage in high footfall town centre location. 156sq.m (1677sq.ft) ground floor unit. Large retail space at front with staff accommodation, storage and W.C. Completed to high corporate specification

Super retail location in busy pedestrianised town centre with neighbouring retailers including Subway, Boots, Costa Coffee, Cancer Research, B&M, Specsavers and Asda. HIGH FOOTFALL LOCATION

100% SECURE INCOME to Grade A tenant. The subjects are let to Cancer Research UK on a Full Repairing and Insuring lease- expiring 2022. Cancer Research UK have over 600 shops across the UK

Grangemouth is a town in the Forth Valley, lying on the south bank of the Firth of Forth, 3 miles east of Falkirk and 13 miles south-east of Stirling, with a resident population of around 18,000.

SUPER COMMERCIAL INVESTMENT WITH SETTLED LONG-TERM TENANT. Highly visible commercial unit with immediate secure rental income of 24,000 per annum on 27 year FRI lease since 1995. Located in the popular Grangemouth town centre. Excellent size and frontage in high footfall town centre location. 156sq.m (1677sq.ft) ground floor unit. Large retail space at front with staff accommodation, storage and W.C. Completed to high corporate specification Super retail location in busy pedestrianised town centre with neighbouring retailers including Subway, Boots, Costa Coffee, Cancer Research, B&M, Specsavers and Asda. HIGH FOOTFALL LOCATION 100% SECURE INCOME to Grade A tenant. The subjects are let to Cancer Research UK on a Full Repairing and Insuring lease- expiring 2022. Cancer Research UK have over 600 shops across the UK. Grangemouth is a town in the Forth Valley, lying on the south bank of the Firth of Forth, 3 miles east of Falkirk and 13 miles south-east of Stirling, with a resident population of around 18,000.

Grangemouth is a town in the Forth Valley, lying on the south bank of the Firth of Forth, 3 miles east of Falkirk and 13 miles south-east of Stirling, with a resident population of around 18,000. Grangemouth has one of the UK's largest ports with Scotland's largest container terminal bringing an influx of passing trade to the town centre. Ideally located in a central position almost equidistant between Glasgow and Edinburgh.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: 24,000 per year / 2,000 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

Document Downloads

LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £170,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 23 April 2021, 10am-4pm
Type: Timed Online Auction

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