Substantial Shopping Centre of 185,533 sq ft (GIA ) of circa 56 Shops
Occupiers include JD Sports and Wilko together with a number of local traders.
Substantial asset management opportunities and future development potential (subject to consents)
Prominent Town Centre location, benefitting from frontages onto High Street
Current actual and estimated gross income (including mall commercialisation, vending machines, car parking and advertising etc) is £977,293 p.a.
Lot 35
Auction 18th May 2022
Rent £977,293 per Annum
Status Sold Post
Price
Sector Shopping Centre
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles south of Stirling, 22 miles east of Glasgow, 25 miles west of Edinburgh
Roads
A803, A904, M9 (Junction 6), M876 (Junction 1)
Rail
Falkirk High Station and Falkirk Grahamston Rail (39 mins direct to Edinburgh)
Air
Edinburgh International Airport (19 miles to the east)
Situation
Falkirk with a population of 36,000 is located in central Scotland, 22 miles north-east of Glasgow, 25 miles west of Edinburgh and 12 miles south of Stirling. The town benefits from good road links via M9 (Junction 6), M876 (Junction 1) motorways, which in turn provide direct access to both Glasgow and Edinburgh. The property is the dominant shopping centre in the town strategically located in the prime pitch on southern side of the pedestrianised High Street, at its junction with Vicar Street. The property is a short walk from Falkirk Grahamston Station which provides direct services to Edinburgh in 39 minutes. Nearby occupiers include Waterstones Vodafone, Bank of Scotland, Caffe Nero and TSB.
Tenure
Heritable. Scottish Equivalent of English Freehold
Location
Miles
12 miles south of Stirling, 22 miles east of Glasgow, 25 miles west of Edinburgh
Roads
A803, A904, M9 (Junction 6), M876 (Junction 1)
Rail
Falkirk High Station and Falkirk Grahamston Rail (39 mins direct to Edinburgh)
Air
Edinburgh International Airport (19 miles to the east)
Situation
Falkirk with a population of 36,000 is located in central Scotland, 22 miles north-east of Glasgow, 25 miles west of Edinburgh and 12 miles south of Stirling. The town benefits from good road links via M9 (Junction 6), M876 (Junction 1) motorways, which in turn provide direct access to both Glasgow and Edinburgh. The property is the dominant shopping centre in the town strategically located in the prime pitch on southern side of the pedestrianised High Street, at its junction with Vicar Street. The property is a short walk from Falkirk Grahamston Station which provides direct services to Edinburgh in 39 minutes. Nearby occupiers include Waterstones Vodafone, Bank of Scotland, Caffe Nero and TSB.
Tenure
Heritable. Scottish Equivalent of English Freehold
Description
The property is a prominent shopping centre built in 1990 and providing approximately 56 retail units (185,533 sq ft GIA) predominantly over ground floor, with a small number of units at lower ground level. The centre is anchored by a good range of national multiple retailers including River Island, JD Sports, Poundland, Superdrug, Wilko and New Look. There is also a food court and associated seating.
All the retail units are serviced from the service yard / circular road. The shopping centre benefits from an integral 406 space multi storey car park with direct pedestrian access into the centre.
Pedestrian access to the shopping centre is principally from the High Street.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents and current tenancies. Interested Parties are referred to Falkirk Council - www.falkirk.gov.uk Tel: 01324 506070
Viewings
Please contact Mhairi Archibald (0771 8899341)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a prominent shopping centre built in 1990 and providing approximately 56 retail units (185,533 sq ft GIA) predominantly over ground floor, with a small number of units at lower ground level. The centre is anchored by a good range of national multiple retailers including River Island, JD Sports, Poundland, Superdrug, Wilko and New Look. There is also a food court and associated seating.
All the retail units are serviced from the service yard / circular road. The shopping centre benefits from an integral 406 space multi storey car park with direct pedestrian access into the centre.
Pedestrian access to the shopping centre is principally from the High Street.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents and current tenancies. Interested Parties are referred to Falkirk Council - www.falkirk.gov.uk Tel: 01324 506070
Viewings
Please contact Mhairi Archibald (0771 8899341)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
A Full Tenancy Schedule is available within the solicitors legal pack at www.acuitus.co.uk. Retailers include Wilkos, JD Sport, Warren James and Superdrug amongst others Approximately 17,236 sq m ( 185,533 sq ft)
Income
Current actual and estimated gross income (including mall commercialisation, vending machines, car parking and advertising etc) is £977,293 per annum.
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.
