71-73 High Street Falkirk FK1 1ES

71-73 High Street
Falkirk
FK1 1ES

Heritable Retail Investment

  • Prime Location on pedestrianised High Street
  • Adjacent and Linked to the Howgate Shopping Centre
  • Let to Wilko Limited t/a Wilko until April 2026
  • Neighbouring Occupiers Include Boots, Vodafone, O2 and Savers and Noble Amusements
  • Lot
    25
  • Auction
    31st March 2022
  • Rent
    £185,000 per Annum
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Prime Location on pedestrianised High Street
  • Adjacent and Linked to the Howgate Shopping Centre
  • Let to Wilko Limited t/a Wilko until April 2026
  • Neighbouring Occupiers Include Boots, Vodafone, O2 and Savers and Noble Amusements
  • Lot 25
  • Auction 31st March 2022
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

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 located on the south side of the pedestrianised High Street. The property is situated in close proximity to the main entrance to the Howgate Shopping Centre. Retailers nearby include Boots, Noble Amusements, Savers Holland & Barrett, Vodafone and Waterstones.

Tenure

Heritable.

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 located on the south side of the pedestrianised High Street. The property is situated in close proximity to the main entrance to the Howgate Shopping Centre. Retailers nearby include Boots, Noble Amusements, Savers Holland & Barrett, Vodafone and Waterstones.

Tenure

Heritable.

Description

The retail unit is arranged over ground, first, basement and mid-basement levels. The sales accommodation on the ground floor is open plan and L-shaped linking with the Howgate Shopping Centre. The basement and mid-basement areas provide substantial additional storage space for stock and incoming goods are delivered to this area via a loading bay. The first floor also provides additional basic storage space.
The areas which are highlighted green on the plan opposite are demised to The Howgate Centre and do not form part of the sale.

VAT

VAT is applicable to this lot.

EPC

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

Description

The retail unit is arranged over ground, first, basement and mid-basement levels. The sales accommodation on the ground floor is open plan and L-shaped linking with the Howgate Shopping Centre. The basement and mid-basement areas provide substantial additional storage space for stock and incoming goods are delivered to this area via a loading bay. The first floor also provides additional basic storage space.
The areas which are highlighted green on the plan opposite are demised to The Howgate Centre and do not form part of the sale.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx sq m) Floor Areas (Approx sq ft) Tenant Term Rent p.a.x. Reversion
Ground floor
First floor
Basement
Basement (mezzanine)
Retail
Ancillary
Ancillary
Ancillary
1,458.60 sq m
1,109.80 sq m
488.00 sq m
131.10 sq m
(15,700 sq ft)
(11,946 sq ft)
(5,253 sq ft)
(1,411 sq ft)
WILKO LIMITED t/a Wilko (1) 15 years from 11 April 2011 to 10 April 2026
£185,000
10/04/2026
TOTAL  
3,187.50 sq m
(34,310 sq ft)
   
£185,000
 

(1) Wilko began in business more than 90 years . With the first store opening in Leicester back in 1930, there are now over 400 stores in the UK. ( www.wilko.com) For the year to 30th January 2021, Wilko Limited reported a turnover of £1,283,251,000, pre tax profit of £5,486,000 and a Total Shareholders Equity of £102,865,000 (Source : Companies House 11/03/2022)
(2)The rent review is based on the overall unit i.e. taking account of the whole or conjoined unit. The rent review clause confirms the following: “The rent shall be revised at each review date to 88% of the market rent as would reasonably be expected to become payable in respect of the conjoined premises……” The conjoined premises being this property and the adjoining mall unit within the Howgate Shopping Centre.

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.

Property Documents

  • Brochure
    Updated Date
    11.03.22
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Burness Paull LLP 51 Lothian Road
Edinburgh
Midlothian
EH3 9WJ
Rachel Allan +44 (0)131 473 6043rachel.allan@burnesspaull.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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