TIMED ONLINE AUCTION - 30 October 2020, 10am-4pm - View the auction and bid >>
Lot 45

42 La Porte Precinct, Subway, Grangemouth, FK3 8BG

Opening Bid: £180,000

Tenanted Freehold Commercial Offer Now Available



Map & Directions Price & Bidding Offer Now Auction Details


Key Features:

*PRIME COMMERCIAL INVESTMENT* Large commercial unit let to Subway in PRIME position within popular retail parade in the pedestrianised town centre of Grangemouth. Let at £17,000 PER ANNUM until 2027**


  • 100% SECURE INCOME let to Subway Realty Limited (trading as Subway) on 10 year LEASE running until April 2027. Perfect commercial investment with rental income of £17,000 per annum.
  • **PRIME LOCATION** Surrounded by a number of national retailers including Boots, Costa Coffee, Specsavers, Semi-Chem, and Cancer Research. Large Car Parking Facility. ***REFURBISHED PROPERTY***
  • Extremely well-positioned property within HIGH FOOTFALL commercial location. Grangemouth has a resident population of around 50,000
  • La Porte Precinct is the main shopping and leisure location in the town of Grangemouth and is home to B&M, Boots Chemist, Greggs, Lloyds, Specsavers and Betfred. LARGE FREE CAR PARK.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the buyer..
Rateable Value

Search Council Records

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length until april 2027
Rent £17,000 per year / £1,417 per month
Yield 7.1% (at guide price)
Tenant Company
Notes:

Description:

*PRIME COMMERCIAL INVESTMENT* Large commercial unit let to Subway in PRIME position within popular retail parade in the pedestrianised town centre of Grangemouth. Let at £17,000 PER ANNUM until 2027** 100% SECURE INCOME let to Subway Realty Limited (trading as Subway) on 10 year LEASE running until April 2027. Perfect commercial investment with rental income of £17,000 per annum. Close to car park within the busy La Porte Precinct. **PRIME LOCATION** Surrounded by a number of national retailers including Boots, Costa Coffee, Specsavers, Semi-Chem, and Cancer Research. Large Car Parking Facility. Well-positioned property within HIGH FOOTFALL commercial location. Grangemouth has a resident population of around 50,000. ***Ideal investment property*** SUPER SIZE AND LOCATION. La Porte Precinct is the main shopping and leisure location in the town of Grangemouth and is home to B&M, Boots Chemist, Greggs, Lloyds, Specsavers and Betfred. LARGE FREE CAR PARK.


Location:

Grangemouth is a town in the Forth Valley, lying on the south bank of the Firth of Forth, 3 miles east of Falkirk and 13 miles south-east of Stirling, with a resident population of around 18,000. Grangemouth has one of the UK's largest ports with Scotland's largest container terminal bringing an influx of passing trade to the town centre. Ideally located in a central position almost equidistant between Glasgow and Edinburgh.


Map & Directions:



Further Info:


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Pricing Info & Bidding:


Opening Bid = £180,000


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Auction Details:



  • Auction Date

    30 October 2020, 10am-4pm


  • Auction Location

  • Timed Online Auction


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