GUIDE PRICE

Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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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:

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Location

Pricing Information & Bidding

Guide Price: £200,000


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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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: 25 June 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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