MULTI-LET MIXED USE INVESTMENT FOR SALE – BAINSFORD

For Sale
  • Offers in the region of £200,000
  • Property Type:
  • Location:
  • Floors: 2
  • Parking: Nearby
  • Sq Ft: 3,265
  • OFFERS IN THE REGION OF £200,000
  • 3,265 FT²
  • GROSS YIELD OF 11%
  • WELL DIVERSIFIED INCOME STREAM
  • GOOD SCOPE FOR RENTAL GROWTH

LOCATION

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Falkirk is a large town in the Central Lowlands of Scotland, It lies in the Forth Valley, 23.3 miles (37.5 km) north-west of Edinburgh and 20.5 miles (33.0 km) north-east of Glasgow.

Falkirk has a resident population of 34,570 according to the 2008 census. The population of the town has 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, The Kelpies, 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.

The subject is located on the north eastern side of Main Street between its junctions with Union Street and Waggon Road.

DESCRIPTION

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The subjects comprise a terrace of three retail units and three workshops with car parking.

81B – £2,700 p.a lease expires 31/03/2023

81C – £3,600 p.a lease expires 31/03/2024

81D – £3,900 p.a lease expires 24/10/2028 (break option 24/10/2022 and 24/10/2025)

81E – £3,780 p.a. lease expires 30/06/2023

81F – £3,840 p.a. lease expires 30/04/2022

81G – £4,500 p.a. lease expires 31/07/2023

PROPOSAL

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Offers in the region of £200,000 are invited for the Heritable (freehold) interest.

FLOOR AREAS

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From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):

81B 35.31 m2/380 ft2

81C 25.2m2/271ft2

81D 24.16m2/260ft2

81E 77.29m2/832ft2

81F 53.97m2/581ft2

81G 87.40m2/941ft2

PLANNING

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

CLOSING DATE

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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/let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale/lease of the property.

RATING 

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Please refer to www.saa.gov.uk.

EPC

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A copy of the EPC will be available upon request.

VAT 

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

PUBLICATION DATE 10/03/2022

Price:Offers in the region of £200,000
Address:81B-D & 81E-G Main Street
City:Bainsford
Postcode:FK2 7NZ
Floors:2
Square Feet:3,265
Parking:Nearby
Property Type:Mixed-Use Investment
Tagged Features:

Location Map