157-161 High Street Falkirk FK1 1DU

  • 157-161 High Street<br>Falkirk<br>FK1 1DU

157-161 High Street
Falkirk
FK1 1DU

Heritable Retail Investment

  • Comprises two adjoining retail units
  • Majority let to Ryman Limited
  • Pedestrianised town centre location close to the Howgate Shopping Centre
  • Nearby occupiers include Boots the Chemist, Marks & Spencer, WH Smith, Waterstones, Caffè Nero and McDonald's
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    37
  • Auction
    30th March 2017
  • Rent
    £42,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £280,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Retail Investment

  • Comprises two adjoining retail units
  • Majority let to Ryman Limited
  • Pedestrianised town centre location close to the Howgate Shopping Centre
  • Nearby occupiers include Boots the Chemist, Marks & Spencer, WH Smith, Waterstones, Caffè Nero and McDonald's
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 37
  • Auction 30th March 2017
  • Rent £42,000 per Annum Exclusive
  • Status Sold
  • Price £280,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
11 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 Grahamston Railway Station
Air
Edinburgh International Airport
Situation

The property is prominently situated on the south side of the pedestrianised High Street, close to the Howgate Shopping Centre, which houses retailers including Boots the Chemist, Marks & Spencer, Wilko and New Look. Other nearby occupiers include WH Smith, Waterstones, Caffè Nero and McDonald's.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
11 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 Grahamston Railway Station
Air
Edinburgh International Airport
Situation

The property is prominently situated on the south side of the pedestrianised High Street, close to the Howgate Shopping Centre, which houses retailers including Boots the Chemist, Marks & Spencer, Wilko and New Look. Other nearby occupiers include WH Smith, Waterstones, Caffè Nero and McDonald's.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises two adjoining ground floor retail units with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises two adjoining ground floor retail units with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
157
 Ground
First
Second
 Retail/Ancillary
Ancillary
Ancillary
210.98 sq m
57.32 sq m
71.35 sq m
(2,271 sq ft)
(617 sq ft)
(768 sq ft)
 RYMAN LIMITED (1)
 5 years from
17/10/2014
 £30,000
 16/10/2019
159
 Ground
 Retail/Ancillary
31.96 sq m
(344 sq ft)
 INDIVIDUAL
t/a No 43 Jeweller
 5 years from 04/06/2015
 £12,000
 03/06/2020
Total  
371.61 sq m
(4,000 sq ft)
     £42,000
  

(1) For the year ending 26th March 2016, Ryman Limited reported a turnover of £127,661,000, pre-tax profits of £8,052,000 and a total net worth of £48,693,000 (Source: Experian Group 02/03/2017).

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Lindsays Caledonian Exchange, 19A Canning Street
Edinburgh
EH3 8HE
Derek Nash 07316 565 734dereknash@lindsays.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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