Retail - High Street for sale

Prime High Street Location

Corner Position

Let to Betfred

Passing £25,000p.a.

Expiry: May 2028

Price: £240,000

Location

The property is situated on the north side of High Street, at its junction with Kirk Wynd within the main commercial thoroughfare of Falkirk’s town centre

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 and basement corner commercial unit within a larger sandstone development surmounted day a pitched roof. 

The property under consideration offers a return frontage onto Kirk Wynd with multiple display windows. Internally the property opens to a primarily open plan retailing are with partitioned staff counter, office and w.c. facilities, with customer facilities to the rear. 

The basement is accessed via a single staircase offering further storage and staff room.

Area

Ground: 99.6sqm (1,072sq ft) 

Basement: 65.9sqm (709sq ft)

Total: 165.5sqm (1,781sq ft)

Lease Summary

The property is held on a full repairing and insuring head lease to Done Brothers (Cash Betting) Limited (t/a Betfred) expiring in May 2028. The current passing rent is £25,000p.a. with a tenant only break option in May 2026

Sale

The property is available on a freehold basis for £240,000

V.A.T 

The property has not been elected for V.A.T.

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business. 

Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business. 

E.P.C.

Available on request

Title

Available on request

Legal

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

Anti-Money Laundering 

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant