Tenanted Commercial Property LOT 20

42 La Porte Precinct, Subway, Grangemouth, FK3 8BG
GUIDE PRICE

Deadline for Offers

28 October 2021, 3pm

Bidding Closes in

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

Description

Full Address: 42 La Porte Precinct, Subway, Grangemouth, FK3 8BG

*PRIME COMMERCIAL INVESTMENT* Large commercial unit let to Subway in PRIME position within popular retail parade in the pedestrianised town centre of Grangemouth. Let at £17,000 PER ANNUM until 2027**

100% SECURE INCOME let to Subway Realty Limited (trading as Subway) on 10 year LEASE running until April 2027. Perfect commercial investment with rental income of £17,000 per annum.

**PRIME LOCATION** Surrounded by a number of national retailers including Boots, Costa Coffee, Specsavers, Semi-Chem, and Cancer Research. Large Car Parking Facility. ***REFURBISHED PROPERTY***

Extremely well-positioned property within HIGH FOOTFALL commercial location. Grangemouth has a resident population of around 50,000

La Porte Precinct is the main shopping and leisure location in the town of Grangemouth and is home to B&M, Boots Chemist, Greggs, Lloyds, Specsavers and Betfred. LARGE FREE CAR PARK.

*PRIME COMMERCIAL INVESTMENT* Large commercial unit let to Subway in PRIME position within popular retail parade in the pedestrianised town centre of Grangemouth. Let at £17,000 PER ANNUM until 2027** 100% SECURE INCOME let to Subway Realty Limited (trading as Subway) on 10 year LEASE running until April 2027. Perfect commercial investment with rental income of £17,000 per annum. Close to car park within the busy La Porte Precinct. **PRIME LOCATION** Surrounded by a number of national retailers including Boots, Costa Coffee, Specsavers, Semi-Chem, and Cancer Research. Large Car Parking Facility. Well-positioned property within HIGH FOOTFALL commercial location. Grangemouth has a resident population of around 50,000. ***Ideal investment property*** SUPER SIZE AND LOCATION. La Porte Precinct is the main shopping and leisure location in the town of Grangemouth and is home to B&M, Boots Chemist, Greggs, Lloyds, Specsavers and Betfred. LARGE FREE CAR PARK.

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: until april 2027
Rent: £17,000 per year / £1,417 per month
Yield: 9% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Guide Price: £180,000


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.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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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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: 28 October 2021, 3pm
Type: Deadline for Offers

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