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 25th March 2021
Rent £40,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
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.
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.
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
Accommodation
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground Floor
Retail 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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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