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Description
INCOME PRODUCING INVESTMENT*** Commercial premises over ground and basement level (1,781sqft) PRIME LOCATION located in the pedestrianised, pitch in Falkirk Town Centre***VAT FREE PURCHASE
The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a FRI lease that expires in May 2028. Currently producing £25,000 per annum. There is a tenant only break option in May 26
Sales Area, Office, Kitchen on the ground floor with Storage & Staff Room at basement level. Then property has been measured to the following - Ground 99.6sqm 1,072sqft Basement 65.9sqm 709sqft
PRIME TOWN CENTRE LOCATION located in the pedestrianised area in Falkirk Town Centre. The property is also opposite the Howgate Centre, the principal shopping centre in Falkirk.
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Immediate Rental £25,000 PER ANNUM
INCOME PRODUCING INVESTMENT*** Commercial premises over ground and basement level (1,781sqft) PRIME LOCATION located in the pedestrianised, pitch in Falkirk Town Centre***VAT FREE PURCHASE The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a FRI lease that expires in May 2028. Currently producing £25,000 per annum. There is a tenant only break option in May 26 Sales Area, Office, Kitchen on the ground floor with Storage & Staff Room at basement level. Then property has been measured to the following - Ground 99.6sqm 1,072sqft Basement 65.9sqm 709sqft PRIME TOWN CENTRE LOCATION located in the pedestrianised area in Falkirk Town Centre. The property is also opposite the Howgate Centre, the principal shopping centre in Falkirk. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Immediate Rental £25,000 PER ANNUM
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 3 Years
Rent: £25,000 per year / £2,083 per month
Yield: 15% (approx)
Tenant: Company
Notes: The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a FRI lease that expires in May 2028. Currently producing £25,000 per annum. There is a tenant only break option in May 26
Maps & Location
Map Street View SatelliteFalkirk is a town in the Central Lowlands of Scotland, roughly halfway between Edinburgh and Glasgow. High Street is part of the town centre retail and business district, pedestrian-friendly and linked to major shopping centres like the Howgate Shopping Centre and Callendar Square. The town benefits from strong transport links: rail lines to Glasgow/Edinburgh, good motorway access.
Document Downloads
Pricing Information & Bidding
Opening Bid: £171,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 98High Street, Let Betfred Investment, Falkirk