Let to Falkirk V.E. Limited with a guarantee from Vision Express (UK) Limited
Lease expires August 2029 (subject to option)
Rent re-based in 2021 from £62,500
Opposite Howgate Shopping Centre
Nearby occupiers include Asda, Greggs, Boots the Chemist, Superdrug, Holland & Barrett, JD Sports, River Island and JD Wetherspoon
Lot 53
Auction 21st September 2023
Rent £32,500 per Annum Exclusive
Status Sold
Price £305,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles east of Glasgow, 25 miles west of Edinburgh
Roads
A803, A904, M9 (Junction 6)
Rail
Falkirk Grahamston Station and Falkirk High Station (both direct to Edinburgh in approximately 35 minutes)
Air
Edinburgh Airport
Situation
The property is located on the north side of the pedestrianised High Street opposite the main entrance to Howgate Shopping Centre. Nearby occupiers include Asda, Boots the Chemist, Superdrug, Holland & Barrett, JD Sports, River Island, Greggs and JD Wetherspoon.
Tenure
Heritable. (Scottish equivalent of Freehold).
Location
Miles
22 miles east of Glasgow, 25 miles west of Edinburgh
Roads
A803, A904, M9 (Junction 6)
Rail
Falkirk Grahamston Station and Falkirk High Station (both direct to Edinburgh in approximately 35 minutes)
Air
Edinburgh Airport
Situation
The property is located on the north side of the pedestrianised High Street opposite the main entrance to Howgate Shopping Centre. Nearby occupiers include Asda, Boots the Chemist, Superdrug, Holland & Barrett, JD Sports, River Island, Greggs and JD Wetherspoon.
Tenure
Heritable. (Scottish equivalent of Freehold).
Description
The property comprises an opticians arranged on the ground, basement and first floors. The first floor is used as a laboratory with staff/ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises an opticians arranged on the ground, basement and first floors. The first floor is used as a laboratory with staff/ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement First
Retail Ancillary Laboratory/Ancillary
141.30 - 130.60
(1,521) (-) (1,406)
FALKIRK V.E. LIMITED (1) with a guarantee from VISION EXPRESS (UK) LIMITED (t/a Vision Express)
Term of years expiring on 24/08/2029 (2)
£32,500
24/08/2025
Total
271.90
(2,927)
£32,500
(1) Vision Express (UK) Limited were established in 1988 and currently trade from over 550 stores (www.visionexpress.com) (2) The property was originally let for a term of 10 years from 25/08/2011 expiring on 24/08/2021. The lease was then extended for a term expiring on 24/08/2029. The lease is subject to a tenant option to determine on 24/08/2025. A payment of £8,125 as a contribution towards landlord’s remarketing and other expenses is payable by the tenant should they exercise their break.
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.
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