Commercial property for sale in High Street, Falkirk FK1
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Property features
- High Yielding Retail Investment
- Prime Corner Pitch with Large Return Frontage
- Let to Betfred - Producing £25,000 per annum
- Lease Expires 2028 (Three Years Term Certain)
- Asset Management Potential
- Guide Price Reflects 10% Gross Yield
- No VAT
Property description
Strapline
Auction Sale - 10/10/2023
Of Interest to Investors
Prime High Street Retail Unit Let to Betfred Producing £25,000 per annum
Description
The property comprises a prime retail unit let to Betfred for a term of 15 years expiring in May 2028.
Set within a Category B listed building, the property offers accommodation arranged across ground and basement floors totalling 1,781 sq ft (165.5 sq m). The ground floor is utilised as sales space in conjunction with the tenants use as a betting shop, whilst the basement provides staff breakout areas and a kitchen.
The property occupies the prime, pedestrianised, pitch in Falkirk Town Centre, at the corner of High Street and Kirk Wynd. The property is also opposite the Howgate Centre, the principal shopping centre in Falkirk. The property therefore benefits from high footfall.
Location
Falkirk is the main town in the central belt of Scotland, lying mid-way between Edinburgh and Glasgow forming the main administrative centre for the surrounding district.
The A904 Ladysmill is in close proximity and provides direct access to the M9 motorway.
Falkirk Grahamston is the nearest train station located a short distance to the north of the property.
Transport
Falkirk Grahamston Station - 0.2 miles
M9 Motorway - 1.8 miles
Tenancy
The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a lease that expires in May 2028.The lease is on effective Fri terms and is currently producing £25,000 per annum. There is a tenant only break option in May 2026.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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