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13 Bank Street,Falkirk,FK1

£7,500 pa (£625 pcm)
612 sq. ft.

Property Description

Commercial information

  • 612 sq ft (56 sq m)

Key features

  • Town centre retail unit
  • Offers of 7,500 pa exclusive invited
  • 56.85 sq.m (612 sq.ft)
  • Proposed 2017 Rateable Value of 5,200
  • Will qualify for 100% rates relief on 2017 revaluation subject to eligibility

Full description

The subjects comprise a ground floor retail unit contained within a mid terraced, three storey building of brick/block construction, rendered externally and contained under a pitched and tiled roof.

The retail frontage to Bank Street comprises a timber/glazed entrance door together with two timber casement single glazed display windows.

Internally the subjects are arranged to provide a main retail area together with a number of stores and a toilet facility.

The property is generally finished to an appropriate standard throughout and would appear well suited to a range of traditional retail users.

LOCATION:

The subjects are situated on the southern side of Bank Street midway between its junctions with Kirk Wynd and Princess Street which lies to the east and west respectively.

The property forms part of a modern development of similar commercial properties with Bank Street forming a busy secondary retailing position. Occupiers within the vicinity include Northwood, Rightmove, Utopia hairdressers, Clydesdale Bank, and Stirling Furniture.

Falkirk itself comprises an important town within Central Scotland forming the main administrative centre for the surrounding district and as such providing extensive retail, leisure and local Government facilities. The town's position ensures that Falkirk benefits from excellent transportation lines to the remainder of the country with the town having a resident population of over 35,000 people and a district catchment of 156,000.

ACCOMMODATION:

We calculate that the subjects extend to the following Net Internal Area:-

56.85 sq.m (612 sq.ft)

RATEABLE VALUE:
Having regard to the Scottish Assessor's Association website we note
that the subjects are entered in the current Valuation Roll at Rateable
Value 10,700.

Proposed 2017 Rateable Value at 5,200.

The Small Business Bonus Relief Scheme which was introduced
on 1 April 2008 will remain in force for 2017-2018 and, given the
Rateable Value of the suite, eligible businesses will benefit from a
100% discount.

RENTAL:
Offers of 7,500 per annum exclusive are invited.

LEASE TERMS:
The subjects are offered on normal full repairing and insuring terms for a period to be negotiated incorporating rent reviews at appropriate intervals.

VAT:
All figures quoted are exclusive of any VAT which may be chargeable.

LEGAL COSTS:
Each party will be responsible for the payment of their own legal costs. The incoming tenant will be responsible for the payment of any stamp duty, registration dues and VAT incurred.

OFFERS:
All offers should be submitted in strict Scottish legal form to this office:-
DM Hall LLP
31 Wellside Place
Falkirk
FK1 5RL

Tel: 01324 628321
Fax: 01324 612147

E-mail: michael@mcintyre@dmhall.co.uk
sean.robinson@dmhall.co.uk

You are advised to notify your interest to this office in order to enable us to advise you in the event of a closing date being set.

EPC:
A copy of the Energy Performance Certificate (EPC) can be made available on request however, the rating is 'F'.

DATE OF ENTRY:
By agreement.

VIEWING:
Strictly by appointment through the sole selling agents.


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