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    Key features

    • To be offered on Wednesday 29 May
    • High Yielding Retail Investment
    • High Street Retail Unit and Upper Parts
    • Let to Admiral Slots
    • New 10 year Lease wit No Breaks
    • Lease Expires April 2033
    • Producing £20,833 per annum
    • Rebased Rent From £55,000 per annum
    • Established and Popular Location
    • Guide Price Reflects 10.4% Gross Yield

    Description

    A large three story property which comprises of ground and first floor and attic space.

    Arranged across ground, first and second floors; the property is currently fully let to the undoubted covenant of Admiral Slots on a new ten year lease expiring April 2033 and producing £20,833 per annum.

    The property is located on the south side of the High Street, close to its junction with Kirk Wynd within the main commercial thoroughfare of Falkirk's town centre, the property benefits from glazed frontage and is located in a prominent town centre position.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - 2,044 sq ft (189.9 sq m)

    First Floor - 1,152 sq ft (107 sq m)

    Total - 3,196 sq ft (296.9 sq m)

    Tenancy

    Let to Admiral Slots on a new 10 year Lease expiring April 2033 at a current passing rent of £20,833 per annum.

    The lease is on full repairing and insuring terms, we understand the current lease is a renewal of a previous lease, with the rent being rebased from £55,000 per annum.

    Rent

    £20,833 per annum

    Notes

    Please note the approximate areas have been provided by the VOA and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.




    Joint Agent

    Jas Aujla

    jas@tsapc.co.uk

    07810 717 229

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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