July 2022: Tuesday 19 July 2022 - 9:00am
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Floorplan
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    Key features

    • Investment Let at £90,000 pa (13.85% on Guide Price)
    • Let to Bank of Scotland Plc
    • 10 year lease expiring November 2026
    • Tenant in occupation for over 31 years
    • The Bank did not exercise its option to break in 2021
    • Listed Category B
    • Immediate Asset Management Opportunities including re-letting the vacant Kiosk
    • Future redevelopment potential to convert the upper floors into alternative uses (subject to necessary consents)

    Description

    The property, which is Category B Listed, comprises an attractive period three storey property arranged as a ground floor banking hall with ancillary/office accommodation above. The property includes a vacant kiosk. The property also benefits from a shared service yard at the rear.

    Additional information

    Tenure

    Heritable

    Accommodation

    Please note that the areas have been provided by the client and the property has not been inspected by Savills. Buyers are to rely on their own enquiries in this regard.


    Approximate Floor Areas


    Ground /First/Second - 3,797 sq ft

    

    Tenancy

    Let to Bank of Scotland Plc for approximately 10 years from 16/11/2016 until 11/11/2026 at a rent of £90,000pa.

    Rent

    £90,000 pa

    Notes

    Please note the site areas provided are approximate. The photos and red/yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    VAT is applicable to this lot.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Falkirk is approximately 20 miles north-east of Glasgow and 23 miles north-west of Edinburgh. The property is located in a prominent position on the north side of High Street, opposite it's junction with Cow Wynd. The property is located on the pedestrianised High street and forms part of the main shopping parade in Falkirk. Nearby occupiers include McDonald's, Greggs, Poundstretcher, Waterstones, Wilko, Boots the Chemist as well as a range of local and independent retailers. Callendar Square shopping centre is located approximately 20 metres from the property.

      Transport

      20 miles north-east of Glasgow

      23 miles north-west of Edinburgh

      0.3 miles south of Falkirk Train Station

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

      Addendums