137 - 141 High Street & 1 Cow Wynd Falkirk FK1 1EA

137 - 141 High Street & 1 Cow Wynd
Falkirk
FK1 1EA

Heritable Bank Investment

  • 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
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Bank Investment

  • 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
  • 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
302.36 sq m
32.42 sq m
213.27 sq m
105.75 sq m
(3,255 sq ft)
(3,49 sq ft)
(2,296 sq ft)
(1138 sq ft)
TSB BANK
PLC (1)
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.

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    604 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Brodies LLP 110 Queen Street
Glasgow
UK
G1 3BX
Hannah McFarquhar 0141 245 6252Hannah.mcfarquhar@brodies.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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