From
£250,000
Property for saleHigh Street, Falkirk FK1
Auction
About this property
High Yielding Retail Investment
Prime Corner Pitch with Large Return Frontage
Let to Betfred - Producing £25,000 per annum
Lease Expires 2028 (Three Years Term Certain)
Asset Management Potential
Guide Price Reflects 10% Gross Yield
No VAT
Strapline
Auction Sale - 10/10/2023
Of Interest to Investors
Prime High Street Retail Unit Let to Betfred Producing £25,000 per annum
Description
The property comprises a prime retail unit let to Betfred for a term of 15 years expiring in May 2028.
Set within a Category B listed building, the property offers accommodation arranged across ground and basement floors totalling 1,781 sq ft (165.5 sq m). The ground floor is utilised as sales space in conjunction with the tenants use as a betting shop, whilst the basement provides staff breakout areas and a kitchen.
The property occupies the prime, pedestrianised, pitch in Falkirk Town Centre, at the corner of High Street and Kirk Wynd. The property is also opposite the Howgate Centre, the principal shopping centre in Falkirk. The property therefore benefits from high footfall.
Location
Falkirk is the main town in the central belt of Scotland, lying mid-way between Edinburgh and Glasgow forming the main administrative centre for the surrounding district.
The A904 Ladysmill is in close proximity and provides direct access to the M9 motorway.
Falkirk Grahamston is the nearest train station located a short distance to the north of the property.
Transport
Falkirk Grahamston Station - 0.2 miles
M9 Motorway - 1.8 miles
Tenancy
The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a lease that expires in May 2028.The lease is on effective Fri terms and is currently producing £25,000 per annum. There is a tenant only break option in May 2026.
Auction Sale - 10/10/2023
Of Interest to Investors
Prime High Street Retail Unit Let to Betfred Producing £25,000 per annum
Description
The property comprises a prime retail unit let to Betfred for a term of 15 years expiring in May 2028.
Set within a Category B listed building, the property offers accommodation arranged across ground and basement floors totalling 1,781 sq ft (165.5 sq m). The ground floor is utilised as sales space in conjunction with the tenants use as a betting shop, whilst the basement provides staff breakout areas and a kitchen.
The property occupies the prime, pedestrianised, pitch in Falkirk Town Centre, at the corner of High Street and Kirk Wynd. The property is also opposite the Howgate Centre, the principal shopping centre in Falkirk. The property therefore benefits from high footfall.
Location
Falkirk is the main town in the central belt of Scotland, lying mid-way between Edinburgh and Glasgow forming the main administrative centre for the surrounding district.
The A904 Ladysmill is in close proximity and provides direct access to the M9 motorway.
Falkirk Grahamston is the nearest train station located a short distance to the north of the property.
Transport
Falkirk Grahamston Station - 0.2 miles
M9 Motorway - 1.8 miles
Tenancy
The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a lease that expires in May 2028.The lease is on effective Fri terms and is currently producing £25,000 per annum. There is a tenant only break option in May 2026.
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