Commercial property for sale in High Street, Falkirk FK1

Strapline

Auction Sale - 29/05/2024

High Yielding Retail Investment

Let to Admiral on a New 10 Year Lease at £20,833 pa

Description

A large three story property which comprises of ground and first floor and attic space.

Arranged across ground, first and second floors; the property is currently fully let to the undoubted covenant of Admiral Slots on a new ten year lease expiring April 2033 and producing £20,833 per annum.

The property is located on the south side of the High Street, close to its junction with Kirk Wynd within the main commercial thoroughfare of Falkirk's town centre, the property benefits from glazed frontage and is located in a prominent town centre position.

Tenancy

Let to Admiral Slots on a new 10 year Lease expiring April 2033 at a current passing rent of £20,833 per annum.

The lease is on full repairing and insuring terms, we understand the current lease is a renewal of a previous lease, with the rent being rebased from £55,000 per annum.

Accommodation

Ground Floor - 2,044 sq ft (189.9 sq m)

First Floor - 1,152 sq ft (107 sq m)

Total - 3,196 sq ft (296.9 sq m)