Portfolio of 2 Commercial Units

PART INCOME PRODUCING INVESTMENT. Prime Town Centre Location situated On Busy Thoroughfare. 2 Full Buildings SUPERSIZE Over 6,500sq ft. Producing £47,500pa with one unit vacant. 27 High Street Basement: 31.3sqm (337sq ft) Ground: 89.18sqm (960sq ft) 1st: 42.75sqm (460sq ft) 2nd: 43.47sqm (468sq ft) Total: 206.7sqm (2,225sq ft) 29/31 High Street (Santander) Basement: 27.96sqm (301sq ft) Ground: 169.45sqm (1,824sq ft) 1st: 108.13sqm (1,164sq ft) 2nd: 106.46sqm (1,146sq ft) Total:412sqm (4,435sq ft) Internally, partitions erected to form meeting room, teller desks, and wc facilities with access to the upper floors situated to the rear of the demise offering staff facilities and further stores. 29/31 High Street is held on a Full Repairing and Insuring head lease to Santander PLC expiring 21st October 2032 at a passing annual rent of £47,500p.a.x. 27 High Street currently vacant retail space. The property comprises a 3 storey mid-terraced commercial development of steel framed construction. The property benefits from glazed windows at each floor to the front elevation with rear windows at 1st and 2nd floors. The ground floor comprises access to the units including the double frontage Santander bank and single frontage vacant commercial unit next door. Internally the bank is presented in accordance with Santander's corporate specifications with suspended acoustic tile ceiling with air conditioning plant recessed. There are partitions erected to form meeting room, teller desks, and w.c. facilities with access to the upper floors situated to the rear. Staff facilities and further stores. The vacant space offers open plan retailing at ground floor with upper floors offering further office / staff and store rooms. PART INCOME PRODUCING INVESTMENT Prime Town Centre Location situated On Busy Thoroughfare. 2 Full Buildings SUPERSIZE Over 6,500sq ft. Producing £47,500pa with one unit vacant. Potential additional rental from vacant unit. ***HIGH POTENTIAL YIELD WITH 12.6% CURRENT YIELD AND HUGE POTENTIAL INCREASE THROUGH RENTAL OF THE VACANT UNIT*** ***PRESTIGE CORPORATE TENTANT WITH AROUND JUST UNDER £300,000 RENT REMAINING OVER THE CURRENT LEASE PERIOD*** Tenancy Details: Type of Agreement: Full Repairing & Insuring (FRI) Length: 6 Years Rent: £47,500 per year / £3,958 per month Yield: 14% (approx) Tenant: Company Notes: 29/31 High Street is held on a Full Repairing and Insuring head lease to Santander PLC expiring 21st October 2032 at a passing annual rent of £47,500p.a.x. Maps & Location: Located close to the junction with Cockburn Street, nearby multiples such as Bonmarché, Greggs, Ladbrokes and a variety of independent retailers in the town centre. Falkirk is positioned in the central belt of Scotland and is well served by road links, being accessed via the M9 (Junction 6) and M80 (Junction 8), which in turn provide access to Edinburgh and Glasgow. Pricing Information & Bidding: Opening Bid: £338,000 What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now. Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers. Terms & Conditions of Sale: 10% Deposit (Minimum £3,000) Standard Completion (Unless specified differently in any Special Conditions of Sale) Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat) Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level. STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee. * If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.