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Description
PRIME TOWN CENTRE LICENCED BAR - Fully refurbished investment let until Nov 2035 with no breaks and passing rent of £22,000pa.
Superb rates free opportunity. Rent review 2030.
The property is situated on the North side of High Street, close to its junction with Cockburn Street on a highly prominent position within Falkirks town centre.
The property is presented in a good condition having been renovated by the tenant.
The property is let to Monclbchrz Ltd expiring 3rd November 2035 at a current passing rent of £22,000p.a
The property comprises a ground floor commercial unit set within a larger mixed use sandstone development surmounted by a pitched roof. The property under consideration benefits from traditional display frontage with partially recessed entrance door leading to an open plan bar / servery with partitioned tea prep and kitchen area. The property is presented in a good condition having been renovated by the tenant. The property is let to Monclbchrz Ltd expiring 3rd November 2035 at a current passing rent of £22,000p.a with the landlord holding a deposit of £4,166. The Landlord has an option to determine any time until November 2030 providing not less than 6 months notice. There is a rent review provision in November 2030. NAV/RV: £7,800
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 2035
Rent: £22,000 per year / £1,833 per month
Yield: 11% (approx)
Tenant: Company
Notes: The property is let to Monclbchrz Ltd expiring 3rd November 2035 at a current passing rent of £22,000p.a with the landlord holding a deposit of £4,166. The Landlord has an option to determine any time until November 2030 providing not less than 6 months notice. There is a rent review provision in November 2030.
Maps & Location
Map Street View SatelliteFalkirk sits in Scotland’s Central Belt on the south side of the upper Firth of Forth, roughly 20 miles north-east of Glasgow and 23 miles west of Edinburgh. The town itself has a population of around 35,500 and forms the commercial and administrative heart of a tightly clustered urban area that also includes Grangemouth, Larbert, Stenhousemuir, Camelon and Polmont. That wider built-up area exceeds 100,000 people, while the Falkirk Council area as a whole is home to about 160,000. The town is a well-established commuter and retail catchment for both Glasgow and Edinburgh, served by the M9 and M876 motorways and by two principal stations: Falkirk High on the main Glasgow–Edinburgh line (typically 20–28 minutes to Glasgow Queen Street and 24–35 minutes to Edinburgh Waverley) and the more central Falkirk Grahamston on the Edinburgh–Dunblane route. Additional stations at Larbert, Polmont and Camelon, frequent bus services to the two cities and Stirling, and proximity to Edinburgh Airport (c. 20 miles) and Glasgow Airport (c. 33 miles) give the town strong strategic connectivity across the Central Belt.
Document Downloads
Pricing Information & Bidding
Opening Bid: £195,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £4,000 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 4High St, Let Licenced Bar Investment, Falkirk