Property photos
Auction
From
£200,000
Property for sale
High Street, Falkirk FK1Local area information
Property location
Nearby amenities
- Falkirk Grahamston 0.2 miles
- Comely Park Primary School 0.3 miles
- St Mungo's RC High School 0.5 miles
- Falkirk High 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- To be offered on Wednesday 29 May
- High Yielding Retail Investment
- High Street Retail Unit and Upper Parts
- Let to Admiral Slots
- New 10 year Lease wit No Breaks
- Lease Expires April 2033
- Producing £20,833 per annum
- Rebased Rent From £55,000 per annum
- Established and Popular Location
- Guide Price Reflects 10.4% Gross Yield
Strapline
Auction Sale - 29/05/2024
High Yielding Retail Investment
Let to Admiral on a New 10 Year Lease at £20,833 pa
Description
A large three story property which comprises of ground and first floor and attic space.
Arranged across ground, first and second floors; the property is currently fully let to the undoubted covenant of Admiral Slots on a new ten year lease expiring April 2033 and producing £20,833 per annum.
The property is located on the south side of the High Street, close to its junction with Kirk Wynd within the main commercial thoroughfare of Falkirk's town centre, the property benefits from glazed frontage and is located in a prominent town centre position.
Tenancy
Let to Admiral Slots on a new 10 year Lease expiring April 2033 at a current passing rent of £20,833 per annum.
The lease is on full repairing and insuring terms, we understand the current lease is a renewal of a previous lease, with the rent being rebased from £55,000 per annum.
Accommodation
Ground Floor - 2,044 sq ft (189.9 sq m)
First Floor - 1,152 sq ft (107 sq m)
Total - 3,196 sq ft (296.9 sq m)
Auction Sale - 29/05/2024
High Yielding Retail Investment
Let to Admiral on a New 10 Year Lease at £20,833 pa
Description
A large three story property which comprises of ground and first floor and attic space.
Arranged across ground, first and second floors; the property is currently fully let to the undoubted covenant of Admiral Slots on a new ten year lease expiring April 2033 and producing £20,833 per annum.
The property is located on the south side of the High Street, close to its junction with Kirk Wynd within the main commercial thoroughfare of Falkirk's town centre, the property benefits from glazed frontage and is located in a prominent town centre position.
Tenancy
Let to Admiral Slots on a new 10 year Lease expiring April 2033 at a current passing rent of £20,833 per annum.
The lease is on full repairing and insuring terms, we understand the current lease is a renewal of a previous lease, with the rent being rebased from £55,000 per annum.
Accommodation
Ground Floor - 2,044 sq ft (189.9 sq m)
First Floor - 1,152 sq ft (107 sq m)
Total - 3,196 sq ft (296.9 sq m)
More information
Listed by
Savills - National Auctions
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