Vacant Commercial Property LOT 72

9 Kirk Wynd, Falkirk, FK1 1LZ
OPENING BID

Timed Online Auction

04 November 2021, 10am-3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 9 Kirk Wynd, Falkirk, FK1 1LZ

Trading as the Corner Café. Let on a 10 year lease from June 2018 - June 2028 option of break after 5 years (June 2023). Annual income of £13,000 per annum. Two months rental deposit held by owner(s).

Tenant has spent around £25,000- £30,000 on décor and flooring. Great spot just off the main street with open aspects on the corner of Kirk Wynd and Manor Street. Surrounded by occupied commercial.

*FALKIRK TOWN CENTRE RETAIL PROPERTY* WAS SOLD £165,000 (MAY 2016). Occupiers close by include Betfred, Subway, O2, Vodafone, TUI Holiday Store, Superdrug, Costa, Ladbrokes and the Howgate Centre.

Great Frontage. Comprises of two units. Only the top floor (street level) has been used as the coffee shop. Other has separate door into lower floor and can also be used (if required for storage etc).

Property is sure to appeal to investors looking to a easily rentable/manageable property in a sought after location in Falkirk city centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY. NEW ENTRY.

Established coffee shop in central Falkirk facing Costa Coffee and O2. Trading as the Corner Café. Let on a 10 year lease from June 2018 - June 2028 option of break after 5 years (June 2023). Annual income of £13,000 per annum. Two months rental deposit held by owner(s). Tenant has spent around £25,000- £30,000 on décor and flooring. Great spot just off the main street with open aspects on the corner of Kirk Wynd and Manor Street. Surrounded by occupied commercial. FALKIRK TOWN CENTRE RETAIL PROPERTY - WAS SOLD £165,000 (MAY 2016). Occupiers close by include Betfred, Subway, O2, Vodafone, TUI Holiday Store, Superdrug, Costa, Ladbrokes and the Howgate Centre. The property is situated on the corner of Manor Street, between its junctions with Kirk Wynd and Wooer Street, which runs parallel to the High Street. Tenant: Cocoa Club Limited Term: 10 yrs (Expiry 30th June 2028) Tenant Break: June 2023 Rent: £13,000 per annum.

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. Falkirk also has excellent transport facilities with readily accessible motorway links to Edinburgh, Glasgow and beyond and is served by two main line railway stations offering further superb transport links. Falkirk is also home to the popular Helix park and Kelpies, the Historic Callendar house and park, and the famous Falkirk Wheel, a rotating boat lift connecting the Forth and Clyde Canal with the Union Canal.

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Location

Pricing Information & Bidding

Opening Bid: £128,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 04 November 2021, 10am-3pm
Type: Timed Online Auction

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