Let to TSB Bank Plc until 2024 (subject to option)
Pedestrianised Town Centre location
Close to the Howgate Shopping Centre
Nearby occupiers include Waterstones, McDonald's, Vision Express and Burton
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 44
Auction 30th March 2017
Rent £100,000 per Annum Exclusive
Status Sold
Price £800,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Administrators Grant Thornton
Property Information
Location
Miles
11 miles south of Stirling, 22 miles east of Glasgow, 25 miles west of Edinburgh
Roads
A904, M9 (Junction 6)
Rail
Falkirk Grahamston Railway Station
Air
Edinburgh International Airport
Situation
The property is situated in a prominent corner position on the south side of pedestrianised High Street and at its junction with Cow Wynd in Falkirk Town Centre. The Howgate Shopping Centre is some 70 metres to the west, whose occupiers include Marks & Spencer, Boots the Chemist, New Look and River Island. Other nearby occupiers include Waterstones, McDonald's, Vision Express and Burton.
Tenure
Heritable. (Scottish equivalent of English freehold).
Location
Miles
11 miles south of Stirling, 22 miles east of Glasgow, 25 miles west of Edinburgh
Roads
A904, M9 (Junction 6)
Rail
Falkirk Grahamston Railway Station
Air
Edinburgh International Airport
Situation
The property is situated in a prominent corner position on the south side of pedestrianised High Street and at its junction with Cow Wynd in Falkirk Town Centre. The Howgate Shopping Centre is some 70 metres to the west, whose occupiers include Marks & Spencer, Boots the Chemist, New Look and River Island. Other nearby occupiers include Waterstones, McDonald's, Vision Express and Burton.
Tenure
Heritable. (Scottish equivalent of English freehold).
Description
The property, a Grade B Listed building (Scottish equivalent of English Grade II) comprises a ground floor banking hall with ancillary accommodation in the basement and office accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a Grade B Listed building (Scottish equivalent of English Grade II) comprises a ground floor banking hall with ancillary accommodation in the basement and office accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground Basement First Second
Banking Hall Ancillary Office/Ancillary Office/Ancillary
25 years from 03/09/1999 on a full repairing and insuring lease (2)
£100,000
03/09/2019 (02/09/2024)
Totals
653.80 sq m
(7,038 sq ft)
£100,000
(1) For the year ending 31st December 2016, TSB Bank Plc reported pre-tax profits of £182,300,000 and a total net worth of £1,879,200,000 (Source: Experian Group 02/03/2017). (2) The lease provides for a tenant option to determine the lease on 03/09/2019.