Directly opposite the Howgate Shopping Centre which houses retailers including Boots the Chemist, River Island, JD Sports, New Look and Wilko
Other nearby occupiers include Waterstones, Caffè Nero, Holland & Barrett and Costa
Lot 79
Auction 11th July 2018
Rent £27,000 per Annum Exclusive
Status Sold
Price £201,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
22 miles east of Glasgow, 25 miles west of Edinburgh, 11 miles south of Stirling
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 north side of the pedestrianised High Street, 50 metres from the entrance to the Howgate Shopping Centre which houses retailers including Boots the Chemist, River Island, JD Sports, New Look and Wilko. Other nearby occupiers include Waterstones, Caffè Nero, Holland & Barrett and Costa.
Tenure
Heritable. (Scottish Equivalent of freehold).
Location
Miles
22 miles east of Glasgow, 25 miles west of Edinburgh, 11 miles south of Stirling
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 north side of the pedestrianised High Street, 50 metres from the entrance to the Howgate Shopping Centre which houses retailers including Boots the Chemist, River Island, JD Sports, New Look and Wilko. Other nearby occupiers include Waterstones, Caffè Nero, Holland & Barrett and Costa.
Tenure
Heritable. (Scottish Equivalent of freehold).
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation.
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 ground floor retail accommodation and first floor ancillary accommodation.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Ancillary
37.58 sq m 51.19 sq m
(405 sq ft) (551 sq ft)
HUTCHISON 3G UK LTD (1)
10 years from 21/09/2011 on a full repairing and insuring lease
£27,000
20/09/2021
Total
88.77 sq m
(956 sq ft)
£27,000
(1) For the year ending 31st December 2017, Hutchison 3G UK Ltd reported a turnover of £2,357,044,000, pre-tax profits of £356,573,000 and a total net worth of £3,390,087,000 (Source: Experian Group 15/06/2018).
