Tenanted Commercial LOT 46

1 Church Street, Alloa, FK10 1DH
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Guide Price
£175,000


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23 May 2024, 3pm

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Description

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

PRIME COMMERCIAL INVESTMENT currently LET on FRI LEASE until April 2027 at £20,000 Per Annum with a rent increase to £25,000 PER ANNUM in April 2025.

FULL BUILDING*** Former social club contained within a two storey Grade C listed building of sandstone construction. Under going extensive renovation to form restaurant and soft play.

Private car parking to the side together with unrestricted on street parking are provided. SUPER SIZE AND LOCATION Ground: 347.31sqm (3,738sq ft) 1st: 58.9sqm (634sq ft) Total: 406.21sqm (4,372sq ft)

Prominent position at the southern end of Church Street close to its junction with Bedford Place.

Alloa is the administrative centre for Clackmannanshire Council and sits approximately 7 miles East of Stirling.

PRIME COMMERCIAL INVESTMENT currently LET on FRI LEASE until April 2027 at £20,000 Per Annum with a rent increase to £25,000 PER ANNUM in April 2025. FULL BUILDING*** Former social club contained within a two storey Grade C listed building of sandstone construction. Under going extensive renovation to form restaurant and soft play. Tenant: Alora Property Management Ltd Expiry: 17th April 2029 Tenant Break: 18th April 2027 Deposit: £3,400 held by the landlord Passing Rent: £20,000p.a. Rent increase: April 2025 to £25,000p.a. Private car parking to the side together with unrestricted on street parking are provided. SUPER SIZE AND LOCATION Ground: 347.31sqm (3,738sq ft) 1st: 58.9sqm (634sq ft) Total: 406.21sqm (4,372sq ft). Prominent position at the southern end of Church Street close to its junction with Bedford Place.

Alloa is the administrative centre for Clackmannanshire Council and sits approximately 7 miles East of Stirling. Significant infrastructure investment over the past few years has seen the connectivity of the town improve dramatically with the completion of the mainline rail station and the Clackmannanshire Bridge.

Full Address: 1 Church Street, Alloa, FK10 1DH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 17th April 2029
Rent: £20,000 per year / £1,667 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: Rent increase: April 2025 to £25,000p.a.

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Pricing Information & Bidding

Guide Price: £175,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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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 £1,750 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: 23 May 2024, 3pm
Type: Deadline for Offers

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