32-34 LaPorte Precinct
Grangemouth
Scotland
FK3 8BG

Heritable Retail Investment

  • Town centre location in a well established pedestrianised open air shopping centre
  • Property benefits from an extensive frontage
  • Recently extended lease at a rebased rent of £40,000 p.a.x. (previously £57,500 p.a.x.)
  • Unit recently refurbished (including updated signage)
  • Neighbouring occupiers include Costa Coffee, Greggs, Subway, Lloyds Pharmacy and a large B&M store to the rear.
  • Lot
    37
  • Auction
    25/Mar/2021
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 32-34 LaPorte Precinct<br>Grangemouth<br>Scotland<br>FK3 8BG
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  • Map

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

Property Information

Location
Miles
2 miles north of Falkirk
23 miles west of Edinburgh
27 miles east of Glasgow
Roads
M9
Rail
Falkirk Grahamston, Falkirk High
Air
Edinburgh Airport (19 miles east)
Situation

Historically a busy port, Grangemouth's industry is focused primarily on the petrochemical industry including the oil refinery, owned by Ineos, one of the largest of its kind in Europe. The town is also located on the M9 linking Edinburgh in the east, Glasgow in the west and Stirling and Perth to the north.
La Porte Precinct forms the town centre in Grangemouth. The open air shopping centre has occupiers including Greggs, B&M, Costa Coffee and Lloyds Pharmacy. There is an Asda superstore to the north of the precinct together with extensive car parking and public transport links close by.

Tenure

Heritable.

Description

The property comprises ground floor retail unit with extensive frontage onto the precinct. The upper floor accommodation is in separate ownership.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (07718 899341)

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

AccommodationUseFloor Areas
(Approx)
TenantTermRent p.a.x
Ground FloorRetail Sales
359.53 sq m
(3,870 sq ft)
Boots UK
Limited(1)
20/08/2001 to
19/08/2026
£40,000
Total
359.53 sq m
(3,870 sq ft)
  £40,000

(1) For the year ending 31st August 2019, Boots UK Limited reported a turnover of £6.667bn, pre-tax profits of £217,000,000
(Source: North Row 04/03/2021). Boots is the largest pharmacy health and beauty chain in the UK and as at 31st August 2020 had 2,336 stores, across the UK (Source: www.boots-uk.com/about-boots-uk/about-boots/boots-in-numbers/ 02/03/2021).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    12.03.21
    File Size
    6 MB
    Login to View
  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    803 KB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    832 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Associate Auctioneers
TSA Property Consultants 162 Buchanan Street
Glasgow
Jas Aujla 07810717229jas@tsapc.co.uk
Seller's Solicitors
MTL Law 126 W Regent St,
Glasgow
Lanarkshire
G2 2RQ
David Morris 0141 222 5793david@mtllaw.co.uk

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