Retail Property (high street) for sale

56-60 High Street, Falkirk

Under Offer £250,000
1,936 sq. ft.

Property Description

Commercial information

  • 1,936 sq ft (179 sq m)

Full description

Tenure: Freehold

LOCATION
Falkirk is one of the largest towns in central Scotland. It lies approximately 25 miles north-east of Glasgow, 26 miles west of Edinburgh and 15 miles south of Stirling. The town enjoys good access to the M9 and M80 Motorways which provide direct access to Edinburgh and Glasgow.

Falkirk also lies on the main line railway line between Edinburgh & Glasgow and lies around 20 miles west of Edinburgh International Airport.

The property is situated on High Street, which is the prime retail pitch within the town and is pedestrianised. It lies opposite the main entrance to Marks & Spencer and close to the entrance to the Howgate Shopping Centre.

Other nearby occupiers include Wilkinsons, Boots, Holland & Barrett, W H Smith, EE and Savers, as well as a number of High Street Banks.


DESCRIPTION
The property comprises a three-storey mid-terraced building of stone construction under a pitched and slated roof. The ground floor benefits from a fully glazed, timber framed shop front.

Internally, the property provides a retail area to the ground floor with office and toilet facilities to the first floor and ancillary accommodation to the second floor. The ground floor benefits from a suspended ceiling with integral lighting, plastered walls and laminate flooring.

ACCOMMODATION
We have calculated the property has the following net internal floor areas:

Ground floor 63.39 sq m (688 sq ft)
First floor 51.65 sq m (555 sq ft)
Second floor 64.43 sq m (693 sq ft)

Total 179.47 sq m (1936 sq ft)

SERVICES
There is electricity, water and mains drainage to the property. These have not been tested and prospective purchasers should satisfy themselves as to the suitability of these services

TERMS
The whole property is let to Fone Care Limited, under the terms of a full repairing and insuring lease from 13 May 2016 for a term of 3 years at a rent of £21,000 per annum. A copy of the lease can be provided to interested parties.

It should be noted that the property was previously let to EE at a rent of £46,200 per annum. It is anticipated therefore that there will be scope for rental growth in the future.

The heritable interest (freehold) is offered for sale, subject to the existing tenancy. The property has been elected for VAT purposes and VAT is payable on the purchase price. However, we envisage that the sale will be concluded by way of a Transfer of Going Concern (TOGC).


OUTGOINGS
We understand the property is entered into the 2017 Rating List with a Rateable Value of £16,000.

Interested parties should verify this figure with the Local Authority.

VAT
The property is registered for VAT and VAT will be chargeable on the price.

LEGAL COSTS
Each party is to bear its own legal costs.

VIEWING
Viewing is strictly by appointment through the sole agents, YoungsRPS Property Consultants. (Ref. Michael Blake or Paul Fairlamb).


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Falkirk Grahamston (0.2 mi)
  • Falkirk High (0.6 mi)
  • Camelon (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Youngs RPS Limited, Newcastle

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Falkirk Grahamston (0.2 mi)
  • Falkirk High (0.6 mi)
  • Camelon (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Youngs RPS Limited, Newcastle

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100897005715. 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 Youngs RPS Limited, Newcastle. 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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