RETAIL INVESTMENT FOR SALE – FALKIRK

For Sale
  • OFFERS OVER £250,000
  • 1,874 FT2
  • PROMINENT FRONTAGE
  • GOOD LEVELS OF NEARBY PARKING
  • LEASED UNTIL 2025
  • INITIAL YIELD OF 10.2%

LOCATION

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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 (37.5 km) north-west of Edinburgh and 20.5 miles (33.0 km) northeast 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 town is at the junction of the Forth and Clyde and Union Canals, a location which proved key to its growth as a centre of heavy industry during the Industrial Revolution.

From a local context the properties are situated on the northern side of Newmarket Street at its joining with Princes Street and Vicar Street.

DESCRIPTION

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The subjects comprise two ground floor retail units contained within a three storey building of stone construction.

Internally the properties both benefit from large open plan retail areas with rear store, tea prep area and w.c. 44 also benefits from a large 1st floor store accessed to the rear of the property.

The properties can be accessed via a lane off South Melville Street allowing loading via the rear doors.

Lease details:

44 is currently leased to an antique dealer paying £12,500 per annum with the lease expiring May 2025.

46 is currently leased to deli/grocer’s store paying £11,940 per annum with the lease expiring October 2025.

PROPOSAL

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Offers over £250,000 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 net internal area (NIA):

44: 115.97m2/1,248ft2

46: 58.14m2/626ft2

PLANNING

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

EPC

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G.

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

VAT

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N/A.

PUBLICATION DATE 14/04/2022

Price:Offers over £250,000
Address:44 & 46 Newmarket Street
City:Falkirk
Postcode:FK1 1JQ
Floors:1
Square Feet:1,874
Parking:Nearby
Property Type:Retail Investment
Lot size:1,874
Tagged Features:

Location Map