Pedestrianised town centre location close to the Howgate Shopping Centre
Nearby occupiers include Boots the Chemist, Marks & Spencer, WH Smith, Waterstones, Caffè Nero and McDonald's
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 37
Auction 30th March 2017
Rent £42,000 per Annum Exclusive
Status Sold
Price £280,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
11 miles south of Stirling, 22 miles east of Glasgow, 25 miles west of Edinburgh
Roads
A803, A904, M9 (Junction 6), M876 (Junction 1)
Rail
Falkirk Grahamston Railway Station
Air
Edinburgh International Airport
Situation
The property is prominently situated on the south side of the pedestrianised High Street, close to the Howgate Shopping Centre, which houses retailers including Boots the Chemist, Marks & Spencer, Wilko and New Look. Other nearby occupiers include WH Smith, Waterstones, Caffè Nero and McDonald's.
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
A803, A904, M9 (Junction 6), M876 (Junction 1)
Rail
Falkirk Grahamston Railway Station
Air
Edinburgh International Airport
Situation
The property is prominently situated on the south side of the pedestrianised High Street, close to the Howgate Shopping Centre, which houses retailers including Boots the Chemist, Marks & Spencer, Wilko and New Look. Other nearby occupiers include WH Smith, Waterstones, Caffè Nero and McDonald's.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises two adjoining ground floor retail units with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two adjoining ground floor retail units with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
157
Ground First Second
Retail/Ancillary Ancillary Ancillary
210.98 sq m 57.32 sq m 71.35 sq m
(2,271 sq ft) (617 sq ft) (768 sq ft)
RYMAN LIMITED (1)
5 years from 17/10/2014
£30,000
16/10/2019
159
Ground
Retail/Ancillary
31.96 sq m
(344 sq ft)
INDIVIDUAL t/a No 43 Jeweller
5 years from 04/06/2015
£12,000
03/06/2020
Total
371.61 sq m
(4,000 sq ft)
£42,000
(1) For the year ending 26th March 2016, Ryman Limited reported a turnover of £127,661,000, pre-tax profits of £8,052,000 and a total net worth of £48,693,000 (Source: Experian Group 02/03/2017).
Contacts
Seller's Solicitors
Lindsays Caledonian Exchange, 19A Canning Street Edinburgh EH3 8HE
