INDUSTRIAL INVESTMENT FOR SALE – BANKSIDE INDUSTRIAL ESTATE, FALKIRK

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  • OFFERS OVER £825,000
  • UNITS FROM 1,220 – 7,810 FT2
  • TOTAL 26,321FT2
  • ESTABLISHED INDUSTRIAL AREA
  • ALL UNITS FULLY LET
  • OFF STREET PARKING / YARD
  • WELL LOCATED TO M9 MOTORWAY
  • CURRENT RENTAL INCOME OF £83,010 PER ANNUM WITH GOOD REVERSIONARY 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 subjects are located on the northern side of Bankside between its junctions with Mungalend and Castlelaurie Street.

DESCRIPTION

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The subjects comprise a terrace of industrial units/workshops of brick construction. There are 11 units in total with an area of secure yard also let out.

Each unit benefits from a large roller shutter door and separate pedestrian access, some units also have a rear loading roller shutter door. Each unit also has 3 phase electric.

FLOOR AREAS

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From sizes provided by our client we understand the subject property extends to the following approximate gross internal area (GIA):

Size Rent per annum
Unit 1: 1,500ft2 £5,760
Unit 2: 1,270ft2 £3,840
Unit 3: 1,528ft2 £5,460
Unit 4: 1,528ft2 £7,000
Unit 5: 1,220ft2 £4,800
Unit 6: 2,790ft2 £8,750
Unit 7: 1,660ft2 £7,000
Unit 8: 1,390ft2 £5,500
Unit 9: 7,810ft2 £16,500
Unit 10-11: 5,625ft2 £13,200
Yard: £5,200

PROPOSAL

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Offers over £825,000 are invited for the Heritable (freehold) interest.

RATING

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All units benefit from being under the rateable threshold of £15,000.

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 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

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

EPC

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A copy of the EPC will be available upon request.

PUBLICATION DATE 30/11/2021

Price:Offers over £825,000
Address:Units 1-11 Castle Laurie
City:Falkirk
Postcode:FK2 7XE
Floors:1
Square Feet:26,321
Parking:Yes
Property Type:Industrial Investment
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Location Map