TIMED ONLINE AUCTION - 30 October 2020, 10am-4pm - View the auction and bid >>
Lot 43

2 La Porte Precinct, RBS Building, Grangemouth, FK3 8AS

Opening Bid: £185,000

Tenanted Freehold Commercial Offer Now Available



Map & Directions Price & Bidding Offer Now Auction Details


Key Features:

RBS Building Investment - 100% PRIME Commercial Site in Grangemouth with VACANT RBS on Ground Floor 3,441 square feet RENTAL POTENTIAL £25,000 per annum. + LET 2215 square feet upper floor @ £9,500 per annum until May 2024 to Tait & Mackenzie Solicitors (established over 100 years)


  • RENTAL POTENTIAL Overall £35,000 per annum (Ground floor former RBS is super size with class 2 consent in good condition well maintained by RBS should let £25,000 p.a) + Upper floor with secure tenant been there over 15 years at £9,500 per annum well established in Grangemouth.
  • The first floor is currently let to Tait & Mackenzie at an annual rent of £9,500 with a lease expiry in May 2024. Corner site in La Porte Precinct, a pedestrianised retail thoroughfare. SUPER SPOT NEAR Boots, WH Smith, Ladbrokes and Card Factory. EXCELLENT location with great frontage and very visible.
  • The property is arranged over ground (3,441 sq feet) and first floor (2,215 sq feet). The building has return frontage onto La Porte Precinct and Union Road with three separate entrances leading into the ground floor and a separate access for the first floor.
  • ***SUPER CONDITION.*** ***IDEAL INVETSMENT PURCHASE.*** Grangemouth in the Forth Valley, on the banks of the Firth of Forth, 3 miles (4.8 km) east of Falkirk, 5 miles (8.0 km) west of Bo'ness and 13 miles (20.9 km) south-east of Stirling.


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

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length until May 2024
Rent £9,500 per year / £792 per month
Yield 3.9% (at guide price)
Tenant Private Individual
Notes: Upper floor is LET @ £9,500 per annum until May 2024 to Tait & Mackenzie Solicitors (established over 100 years)

Description:

RBS Building Investment - 100% PRIME Commercial Site in Grangemouth with VACANT RBS on Ground Floor 3,441 square feet RENTAL POTENTIAL £25,000 per annum. + LET 2215 square feet upper floor @ £9,500 per annum until May 2024 to Tait & Mackenzie Solicitors (established over 100 years) http://www.taitandmackenzie.co.uk/index.htm ***VAT FREE PROPERTY.*** GRADE A Tenant. Potential to generate £35,000 p.a overall. RENTAL POTENTIAL Overall £35,000 per annum (Ground floor former RBS is super size with class 2 consent in good condition well maintained by RBS should let £25,000 p.a) Would appeal dentist/lawyers/bookmakers/retail outlet or restaurant / take-away subject consents. + Upper floor with secure tenant been there over 15 years at £9,500 per annum well established in Grangemouth. Visible CORNER SITE near CAR PARK, RBS, BOOTS, GREGGS + OPTICAL EXPRESS. The first floor is currently let to Tait & Mackenzie at an annual rent of £9,500 with a lease expiry in May 2024. Corner site in La Porte Precinct, a pedestrianised retail thoroughfare. EXCELLENT SPOT with great frontage and very visible. ***SUPER CONDITION.*** The ground floor specification includes a combination of suspended ceilings incorporating recessed fluorescent strip lighting and plastered ceilings with ceiling mounted lighting, concrete flooring with carpet covering and air conditioning cassettes. The first floor is let to Tait & Mackenzie. This floor provides cellular office accommodation comprising a number of individual rooms, a reception area and male and female toilet facilities. Heating is provided by a series of wall mounted electric storage heaters with wooden sash single glazed windows. ***IDEAL INVETSMENT PURCHASE.*** Grangemouth is a town in east Stirlingshire and is part of the Falkirk council area, Scotland. The town lies in the Forth Valley, on the banks of the Firth of Forth, 3 miles (4.8 km) east of Falkirk, 5 miles (8.0 km) west of Bo'ness and 13 miles (20.9 km) south-east of Stirling.


Location:

SUPER CORNER SITE. 100% PRIME CORNER BUILDING. The subjects property is located in Grangemouth; a town which lies on the Firth of Forth in Central Scotland and is situated 3 miles east of Falkirk, 5 miles west of Bo'ness and 13 miles south east of Stirling. The town benefits from good transport links to the M9 motorway and the closest railway station is Falkirk Grahamston, approximately 2.5 miles away. The property is located on the periphery of La Porte Precinct, a pedestrianised retail thoroughfare in the town which hosts the majority of the retail provision in the area. There are a number of national retailers present in the area which include Boots, WH Smith, Ladbrokes and Card Factory.


Map & Directions:



Further Info:


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Pricing Info & Bidding:


Opening Bid = £185,000


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Auction Details:



  • Auction Date

    30 October 2020, 10am-4pm


  • Auction Location

  • Timed Online Auction


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