98 High Street, Falkirk, Stirlingshire, FK1 1NW
- SIZE AVAILABLE
1,781 sq ft
165 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services and B1 Business
A1, A2, B1
Key features
- Prime High Street pitch
- Opposite Howgate Centre
- Rare investment opportunity
- Category B Listed building
- Leased to Betfred
- FRI lease to May 2028
- VAT free investment
- Net Initial Yield 9%
Description
Access to the property is via a recessed pedestrian entrance door. Internally, there is an open plan sales area which has been fitted out with corporate branding. The ceilings are of suspended tile grid which incorporate recessed spot lighting. The flooring is covered with commercial laminate. Customer welfare facilities are located to the rear. An internal stairwell provides access to the basement which has a staff breakout area, kitchen and ancillary space.
TENANCY
The property is let to Done Brothers (Cash Betting) Limited on a lease that commenced in May 2013 and expires in May 2028. The current rent is £25,000 per annum. The lease is subject to a tenant only break option in May 2026.
OFFERS
Offers over £275,000 are invited for our clients' heritable interest (Scottish equivalent to English Freehold) subject to the leasing agreement in place. Based on a rental income of £25,000 per annum, a purchase at this level would reflect a net initial yield of 9%.
Brochures
98 High Street, Falkirk, Stirlingshire, FK1 1NW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Falkirk Grahamston Station0.3 miles
- Falkirk High Station0.6 miles
- Camelon Station1.4 miles
Notes
Disclaimer - Property reference 98HighStFalkirk. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kirkstone Property Consultancy, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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