The town of Falkirk is situated in central Scotland approximately 23 miles north-west of Edinburgh and 20 miles north-east of Glasgow. It enjoys excellent connectivity due to its close proximity to both the M9 and M80 whilst the train stations at Falkirk Grahamston and Falkirk High provides regular rail services.
Grahams Road is to the north of the town centre and is a busy thoroughfare comprising of a mixture of commercial and residential properties. The subjects sit on the west side of the street between the junctions of Wallace Street and Gowan Avenue.
Falkirk Retail Park is in fairly close proximity along with other local amenities including a pharmacy, hair salon, café and hot food takeaway.
The subjects comprise the ground floor of a three-storey property which has a double upper residential flat above. The properties on either side are commercial as is the majority of the street.
Internally, the unit has been extensively upgraded to a shell finish with white plasterboard walls and a suspended ceiling with modern LED light fittings. The floor is concrete ready for coverings. The front of the unit is relatively narrow but steps lead up to a much wider space to the rear with a tea prep and WC off to the side.
A mezzanine level, meanwhile, is accessed midway through the accommodation and provides additional space either for storage or, potentially, for customer seating.
According to our recent measurement survey the premises contain the following approximate gross internal area:
Total GIA: 177 sq m (1,905 sq ft)
Our client is seeking a rent of £16,000 per annum exclusive of VAT
The subjects are available on the basis of a new full repairing and insuring (FRI) lease with a minimum 5-year term sought.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,300 effective 1st April 2017. The uniform business rate for the current year is 46.6 pence in the pound.
Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
The property is served by mains electricity and water. There is also a gas connection but no meter.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs in the preparation of the lease with the eventual purchaser liable for any Registration Dues or LBTT thereon.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.