GUIDE PRICE

Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

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

Description

Full Address: 32-34 La Porte Precinct, Boots, Grangemouth, FK3 8BG

Let to Boots UK Limited until 2026 (no break) 40,000 p.a . Located on the main retailing precinct in Grangemouth. PERFECT INVESTMENT WITH IMMEDIATE RENTAL RETURN.

***Top performing pharmacy over 10,000 prescriptions a month. Tenant trades very well. GRADE A TENANT - Boots UK Limited (Company Number 00928555) has a tangible net worth of 875,000,000.

Excellent size. 3,870 SQUARE FEET. With an open glazed frontage in extremely prominent position close to entrance to the precinct. Large Modern retail sales floor finished to high corporate specification throughout.

100% SECURE INCOME to Grade A tenant. The subjects are let to Boots UK Ltd on a Full Repairing and Insuring lease expiring 19th Aug 2026. Perfect investment property in popular retail location.

IDEAL SIZE for BOOTS. 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.

Let to Boots UK Limited until 2026 (no break) 40,000 p.a . Located on the main retailing precinct in Grangemouth. PERFECT INVESTMENT WITH IMMEDIATE RENTAL RETURN. ***Top performing pharmacy over 10,000 prescriptions a month. Tenant trades very well. GRADE A TENANT - Boots UK Limited (Company Number 00928555) has a tangible net worth of 875,000,000. Excellent size. 3,870 SQUARE FEET. With an open glazed frontage in extremely prominent position close to entrance to the precinct. Large Modern retail sales floor finished to high corporate specification throughout. 100% SECURE INCOME to Grade A tenant. The subjects are let to Boots UK Ltd on a Full Repairing and Insuring lease expiring 19th Aug 2026. Perfect investment property in popular retail location. IDEAL SIZE for BOOTS. 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: 2026
Rent: 40,000 per year / 3,333 per month
Yield: 11% (approx)
Tenant: Company
Notes: Let to Boots UK Limited until 2026 (no break) 40,000 p.a GRADE A TENANT - Boots UK Limited (Company Number 00928555) has a tangible net worth of 875,000,000.

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Pricing Information & Bidding

Guide Price: £370,000


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: 30 September 2021, 3pm
Type: Deadline for Offers

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