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AGENT'S DETAILS


UNIQUE TOWN CENTRE RETAIL INVESTMENT FOR SALE IN FALKIRK: £6,500PER ANNUM - 5 YEARS REMAINING

For sale: POA|224 Sq Ft|Retail, Mixed use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
SIZE224 Sq Ft
ADDRESS10 Wooer Street, Falkirk, FK1 1NJ
TYPERetail, Mixed use, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON15th September 2020

DESCRIPTION

Established Retail Location
Rates Exempt
Ground Floor Retail Unit
F.R.I Lease
Expiry August 2025
Passing Rent: £6,500p.a.
Price On Application

Location

The property is situated on the east side of Wooer Street, south of its junction with Manor Street within the town centre of Falkirk.
Falkirk is a large town in the Central Lowlands of Scotland, historically within the county of Stirlingshire. It lies in the Forth Valley, 23.3 miles north-west of Edinburgh and 20.5 miles north-east of Glasgow.
Falkirk has a resident population of 34,570 according to the 2008 census. The population of the town had risen over the past decade, making it the 20th most populous settlement in Scotland. Falkirk is the main town and administrative centre of the Falkirk council area, which has an overall population of 156,800 and inholds the nearby towns of Grangemouth, Bo'ness, Denny, Larbert and Stenhousemuir.
Attractions in and around Falkirk include the Falkirk Wheel, The Helix, Callendar House and Park and remnants of the Antonine Wall. In a 2011 poll conducted by STV, it was voted as Scotland's most beautiful town, ahead of Perth and Stirling in 2nd and 3rd place respectively. Falkirk is home to the Kelpies, which can be found at The Helix Park.

Property

The property comprises a ground floor mid-terrace retail unit set within a larger mixed use development surmounted by a pitched roof overlaid in slate.

The unit benefits from a glazed frontage and large signage space with access gained via a recessed single timber & glazed door. Internally the property benefits from open plan sales space to the front with partition erected mid-way to offer staff area, w.c. facilities and tea prep area.

Area

The property has been measured on a net internal area basis to offer the following floor area;

Ground: 20.89sqm (224sq ft)

NAV/RV

The property has been assessed and entered onto the valuation roll with the following NAV/RV;

£5,700

The property qualifies for rates exemption under the small business rates relief scheme.

Executive Summary

The property is held on a new full repairing licence on the following terms;

Tenant: Private Individual
Expiry: 13th August 2025
Rent: £6,500per annum
Deposit: £1,500 held by landlord

Price

Our client is offering their freehold interest in the subjects, price on request

V.A.T.

Figures quoted are exclusive of V.A.T.

E.P.C.

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Title & Lease

Available on request

LOCATION

Location: 10 Wooer Street, Falkirk, FK1 1NJ

Falkirk High (0.4 miles)

Falkirk Grahamston (0.4 miles)

Camelon (1.8 miles)

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