Commercial Property in Grangemouth
La Porte Precinct, Talbot Street, Grangemouth, FK3 8AZ
- Lot No: 6
- Property Type: Commercial Property
- Contract Type: Unconditional Sale
Guide Price* plus fees
FOR SALE BY AUCTION ON 9TH DECEMBER 2020 The subjects comprise of 10 individual retail units contained within a purpose built retailing parade, located in Grangemouth town centre. The subjects are of concrete frame construction with facing brick elevations and a flat mineral felt roof covering. Each of the individual units has rear loading facilities and further benefits from a large free car park located directly opposite B&M Bargains. The subjects are arranged over ground and 1st floor with the exception of Unit 2 & 3 which are arranged over ground floor only. Each unit benefits from an attractive retailing frontage of double glazed design encased in aluminum frame under a canopy that runs the length of the parade.
The property is held on a long ground lease from Falkirk District Council until 16th December 2144. There are approximately 124 years remaining on the lease. The rent payable equates to 20% of the rents received from sitting tenants. At present the rent, which is payable half years in advance is £60,620 per annum. The current passing rent is £303,100 per annum. As such net receivable income after deduction of the ground rent is £242,471 per annum.
Grangemouth is situated in East Stirlingshire in the Forth Valley, on the Firth of Forth in Central Scotland and is situated approximately 3 miles east of Falkirk, 5 miles west of Bo'ness and 13 miles south east of Stirling. The town has a population of around 17,500 persons and is one of the main shipping ports within the UK, with the largest container terminal in Scotland. The premises are situated on the pedestrainised east side of La Porte Precinct, the prime shopping location for the town centre. The subjects occupy a prominent position within La Porte Precinct and continues around into Talbot Street, where B&M and Betfred are located. There are several free public car parks serving the town centre including one directly to the east of B&M.
The buyers fee on this lot is £1,074 inc VAT
Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
- Buyer’s Fee- payable on exchange of contracts. This is listed within the property details.
If you have any questions, call our team on 0333 016 4000