Tenanted Commercial Property LOT 224

42 La Porte Precinct, Subway, Grangemouth, FK3 8BG
OPENING BID

Timed Online Auction

18 June 2021, 10am-4pm

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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

Opening Bid: £153,000

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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: 18 June 2021, 10am-4pm
Type: Timed Online Auction

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