• NEW 5 YEAR LEASE
• PASSING RENT £15,000P.A.
• OFFERS IN THE REGION OF £130,000
• 11.5% INITIAL YIELD
• 1,849 SQ FT
• PROMINENT RETAIL PITCH
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.
The subjects are located on the southern side of Manor Street between its junctions with Vicar Street and Kerse Lane.
The subjects comprise a tenanted licensed bar contained within a mid terraced 2 storey building of stone construction surmounted by a pitched and slated roof. The accommodation extends over ground floor with mezzanine area and first floor. To the rear of the property is a yard / garden area.
Internally, the subjects provide an open plan public bar, rear seating/dance floor, kitchen and separate male and female w.c’s.
The first floor provides storage/office area.
The tenant trading as Maloco signed a 5 year lease from 15th February 2019 at a rent of £15,000 p.a.
From sizes taken during our inspection we calculate the Gross Internal Area measured in accordance with the RICS Property Measurement Professional Statement (First Edition, May 2015) to extend to:
Ground Floor retail: 144.83m2/1,559ft2
First Floor office: 26.94m2/290ft2
Offers in the region of £130,000 are invited for the Heritable (Scottish equivalent of Freehold) interest.
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 the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale of the property.
VAT will be payable where applicable.
A copy of the EPC is available upon request.
PUBLICATION DATE 22/05/2019
|Price:||Offers in the region of £130,000|
|Address:||76 Manor Street|
|Property Type:||Retail Investment|