RETAIL UNIT TO LET/FOR SALE – ALLOA

To Let / May Sell
  • £8,500 p.a./£75,000
  • Property Type:
  • Location:
  • Floors: 1
  • Sq Ft: 485
  • LEASE FROM £700 PCM
  • INCENTIVES AVAILABLE (rent free or fit out contribution)
  • PRIME LOCATION
  • QUALIFIES FOR 100% RATES RELIEF
  • OFFERS OF £75,000 ARE SOUGHT FOR PURCHASE
  • READY FOR IMMEDIATE OCCUPATION
  • HUGE PRICE REDUCTION
  • INVESTMENT OPPORTUNITY

LOCATION

Alloa is the third largest town within Central Scotland with a resident population of approximately 19,000 people and an estimated further catchment in the region of 50,000 people. Alloa is located approximately 9 miles east of Stirling and 6 miles north of the Kincardine Bridge, and has excellent transport links to both Edinburgh and Glasgow.

The subjects are located on the western side of High Street between its junctions with Mill Street and Drysdale Street. High Street forms the main retail pitch within Alloa Centre and benefits from a good level footfall.

DESCRIPTION

The subjects comprise a ground floor mid terraced retail property within a parade of similar shops.

Internally, the subjects provide an open plan retail area, store room and w.c.

The sales area is adaptable to multiple uses and other rooms can easily be formed if required. The landlords are willing to fit out the property to required specification or provide rent free incentive.

FLOOR AREAS

From sizes provided by our client, we understand that the subject property, measured in accordance with the RICS Property Measurement Professional Statement (First Edition, May 2015) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice to extend to the following approximate net internal area (NIA):

45.1m2/485ft2

PROPOSAL

Offers of £75,000 are invited for the Heritable (Scottish equivalent of Freehold) interest.

Rent from £8,500 per annum. A range of incentives are available to prospective tenants which will vary subject to lease duration and covenant strength.

RATING

The Rateable Value of the property is £9,900. As such the property qualifies for 100% rates relief subject to incoming tenant qualifying.

Please contact local rating office for further information

PLANNING

The property was most recently utilised as a head stone retailer and as such is assumed to have class 2 consent. Class 1 consent is also in place.

All queries in relation to redevelopment/reconfiguration of the subjects should be addressed to Clackmannanshire Council Planning Department.

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.

VAT

All prices, premiums and rents quoted are exclusive of VAT.

EPC

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PUBLICATION DATE 09/10/2018

Price:£8,500 p.a./£75,000
Address:22 High Street
City:Alloa
Postcode:FK10 1JE
Floors:1
Square Feet:485
Property Type:Retail Unit (Class 1 & 2)

Location Map