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: 48 La Porte Precinct, British Heart Foundation , Grangemouth, FK3 8AZ

*PRIME TENANTED COMMERCIAL INVESTMENT PROPERTY* Town centre retail property let to British Heart Foundation on 25 year FRI lease since 1998 with secure rental income of £12,000 per annum.

Excellent size and frontage in high footfall town centre location. 93sq.m (1001sq.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.

100% SECURE INCOME to Grade A tenant. The subjects are let to British Heart Foundation on a Full Repairing and Insuring lease- expiring 2023. Perfect investment property in popular retail location.

GREAT SIZE FOR RETAIL PROPERTY. 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.

*PRIME TENANTED COMMERCIAL INVESTMENT PROPERTY* Town centre retail property let to British Heart Foundation on 25 year FRI lease since 1998 with secure rental income of £12,000 per annum. Excellent size and frontage in high footfall town centre location. 93sq.m (1001sq.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. 100% SECURE INCOME to Grade A tenant. The subjects are let to British Heart Foundation on a Full Repairing and Insuring lease- expiring 2023. Perfect investment property in popular retail location. GREAT SIZE FOR RETAIL PROPERTY. 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: 2023
Rent: £12,000 per year / £1,000 per month
Yield: 12% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Guide Price: £100,000


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

View Full Auction Catalogue

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