59-63 High Street Falkirk FK1 1EU

59-63 High Street
Falkirk
FK1 1EU

Heritable Former Department Store Building

Prominent Former Department Store in Falkirk Town Centre
Important Link between the High Street Directly into the Howgate Shopping Centre with Double Shop Front within the Centre
Alternative Uses for the building include Gym, Residential and Healthcare (Subject to Change of Use Consent)

Lot
28
Auction
16th February 2023
Rent
£1,000 per Month
Status
Sold
Price
£100,000
Auction Venue
Live Streamed Auction

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Heritable Former Department Store Building

Prominent Former Department Store in Falkirk Town Centre
Important Link between the High Street Directly into the Howgate Shopping Centre with Double Shop Front within the Centre
Alternative Uses for the building include Gym, Residential and Healthcare (Subject to Change of Use Consent)

Lot 28
Auction 16th February 2023
Rent £1,000 per Month
Status Sold
Price £100,000
Sector
Development
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

The property is located in a prominent position on the pedestrianised Falkirk High Street, with frontages on to both the High Street and to the Howgate Shopping Centre. The property benefits from neighbouring occupiers including Wilkos, Boots, Waterstones, Vodafone and O2.

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

Tenure

Heritable. Scottish Equivalent of English Freehold

Description

Comprising a six storey former Marks & Spencer, the property forms a main pedestrian through route to the Howgate Shopping Centre. There are former retail sales floors on ground and basement (former Foodhall) and ancillary space at sub basement and on the three extensive upper floors. There is access to a loading bay at the rear.

VAT

VAT is applicable to this lot.

EPC

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

Description

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
Ground Basement Sub-Basement First Second Third	Retail Retail Ancillary Ancillary Ancillary Ancillary	2,543.3 sq m 1,602.3 sq m 1,281.7 sq m 1,577.9 sq m 722.7sq m 93.1 sq m	(27,377 sq ft) (17,248 sq ft) (13,797 sq ft) (16,985 sq ft) (7,779 sq ft) (1,002 sq ft)	THUSA CONTRACTS LIMITED	12 months from 31/03/2022 to 31/03/2023 and monthly thereafter	£1,000 per month
TOTAL		7,821.0 sq m	84,188 sq ft			£1,000 per month

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.