Retail Property (High Street) in Grangemouth
Unit 48 La Porte Precinct, Grangemouth, FK3 8BG
- Lot No: 21
- Property Type: Retail Property (High Street)
- Contract Type: Unconditional Sale
Guide Price* plus fees
FOR SALE BY AUCTION ON 9TH DECEMBER 2020 Currently let to the British Heart Foundation (approximately 3 years to expiry), offering a gross yield of 10% at the current guide price. The retail unit is arranged over the ground floor of a 2 storey building under a pitched and slated roof. The accommodation provides retail space at the front with staff accommodation, storage and Wc facilities at the rear.
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. The premises are situated on the pedestrainised west side of La Porte Precinct, the prime shopping location for the town centre. Nearby occupiers include Costa, Subway, Specsavers, Boots and Cancer Research.
Let to The British Heart Foundation on Full Repairing and Insuring terms, for a period of 25 years beginning June 1998. There are 3 years remaining till expiry. The current passing rental is £12,000, there are no further rent reviews.
Ground Floor: 93.06 sq m (1001 sq ft) The above measurements have been calculated on a Net Internal area Basis from measurements taken on site and in accordance with the RICS code of measuring practice (6th edition).
The buyers fee on this lot is £1074 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.
See 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