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Lot 73

45-49 Manor Street, Falkirk, FK1 1NH

Guide Price: £120,000

Tenanted Freehold Commercial Offer Now Available



Map & Directions Price & Bidding Offer Now Auction Details


Key Features:

PRIME LET COMMERCIAL UNIT. Current rental of £10,000 pa. *FALKIRK TOWN CENTRE RETAIL PROPERTY* WAS SOLD £300,000 (MAY 2011)


  • Occupiers close by include Betfred, Subway, William Hill, Costa, Ladbrokes and the Howgate Centre. Rent: £10,000p.a. Fixed increase to £12,000p.a.x September 2022
  • EXCELLENT SIZE. The property is arranged on ground floor only to provide a ground floor lock-up betting office. GROUND FLOOR 131 SQ METRES. - 1410 SQ FEET
  • Property is sure to appeal to investors looking to a easily rentable property in a sought after location in Falkirk city centre.
  • Falkirk, with a population of 38,000, in central Scotland, 25 miles north-east of Glasgow, 23 miles west of Edinburgh and 15 miles south of Stirling. Access to the town is via the M80 and M9 motorways


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 Expiry 27th September 2030
Rent £10,000 per year / £833 per month
Yield 8.3% (at guide price)
Tenant Company
Notes: Tenant: Personal name t/a “Bedzathome” Term: 10yrs (Expiry 27th September 2030) Tenant Break: 28th September 2025 Rent: £10,000p.a.x Fixed increase to £12,000p.a.x September 2022

Description:

PRIME LET COMMERCIAL UNIT. Current rental of £10,000. *FALKIRK TOWN CENTRE RETAIL PROPERTY* WAS SOLD £300,000 (MAY 2011) EXCELLENT SIZE. The property is arranged on ground floor only to provide a ground floor lock-up betting office. GROUND FLOOR 131 SQ METRES. - 1410 SQ FEET. Property is sure to appeal to investors looking to a easily rentable property in a sought after location in Falkirk city centre. The property is occupied as a bed and lounge showroom trading as “Bedz At Home”. The tenant has operated in Falkirk for the past 12 years from a warehouse close by, however due to the dilapidated condition of the property, has required to make a timely move to a full retail outlet. Offering beds and lounge furniture at discounted prices, the tenant benefits from a large captive market. Currently the tenant is actively seeking further locations in Alloa, Stirling and Grangemouth. Tenant: Personal name t/a “Bedzathome” Term: 10yrs (Expiry 27th September 2030) Tenant Break: 28th September 2025 Rent: £10,000p.a. Fixed increase to £12,000p.a. September 2022


Location:

The property is situated on the south side of Manor Street, which runs parallel to High Street, between its junctions with Kirk Wynd and Wooer Street. Falkirk, with a population of 38,000, is located in central Scotland, 25 miles north-east of Glasgow, 23 miles west of Edinburgh and 15 miles south of Stirling. Access to the town is via the M80 and M9 motorways, which in turn provide direct access to both Glasgow and Edinburgh.


Map & Directions:



Further Info:


Enquiry Forms:
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Phone:

0141-632-6599

Email:

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Pricing Info & Bidding:


Guide Price = £120,000


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Offer Now...

You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Viewings:


Internal Viewings...

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Auction Details:



  • Auction Date

    04 December 2020, 4pm


  • Auction Location

  • Deadline for Offers


How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.