43 Vicar Street, Falkirk, Stirlingshire, FK1
Size
3,585
Tenure
Freehold
EPC
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Parking
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- Primary use
- Restaurant
No floor / site plan
Key features
- Rental Income: £60,000 p.a.
- Gross Initial Yield: 10.91%
- Let until 2034. No breaks. Rent review on 23.09.29 open market upward only
- VAT is applicable to this property. TOGC available.
- Comprises large ground floor restaurant, forming part of a three-storey sandstone building
- Provides bar/restaurant area c. 120 covers, with additional private dining c. 40 covers.
Description
Gross Initial Yield: 10.91%
Rental Income: £60,000 p.a.
VAT is applicable to this property. TOGC available.
Let until 2034. No breaks. Rent review on 23.09.29 open market upward only
Comprises large ground floor restaurant, forming part of a three-storey sandstone building
Provides bar/restaurant area c. 120 covers, with additional private dining c. 40 covers.
Situated within short walk from Falkirk Train Station. Occupiers nearby include Slater Hogg and Howison Estate Agents, Belvoir Lettings, Rialto Bar/Restaurant and High Spirits Falkirk.
Property Description:
Comprises ground floor restaurant, which forms part of a three-storey sandstone building. Internally the premises are arranged to provide the main bar/restaurant area, private dining room and kitchen, together with appropriate storage, staff toilet and support accommodation.
Ground Floor Restaurant: 333 sq m (3,585 sq ft)
Open plan bar/restaurant area, private dining, full kitchen, staff rooms
Tenancy:
The property is at present let to The Good Hood for a term of 15 years from 23rd September 2019 at a current rent of £57,500 p.a. and the lease contains full repairing and insuring covenants. Agreed rental uplift to £60,000 p.a. from 23.09.24. Rent review on 23.09.29 open market upward only. No breaks.
*Vendor will top-up rent so the buyer receives the equivalent of £60,000 p.a. from completion.
Location:
Falkirk is an important town within Central Scotland lying midway between Edinburgh and Glasgow, forming the main administrative centre for the surrounding district. As such, the town provides extensive retail, leisure and local government facilities having a resident population of 35,000 people and an immediate catchment of 160,000. The subjects occupy a prominent position on the eastern side of Vicar Street, enjoying a busy main road frontage to part of Falkirk's busy one-way system. The surrounding area is given over to a variety of commercial usage with occupiers including Slater Hogg and Howison Estate Agents, Belvoir Lettings, Rialto Bar/Restaurant and High Spirits Falkirk. In addition, the property is situated adjacent to the Falkirk Business Hub which also accommodates Finnigans Café.
- Service charge
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- Business rates
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- Use class
- 1A
- Listed building
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- Floors in building
- 1
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- BREEAM rating
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- Environmental description
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Brochure
43 Vicar Street, Falkirk, Stirlingshire, FK1
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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