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Prominent Town Centre Retail Investment Opportunity

165 - 169 High Street, Falkirk, FK1 1DU
For Sale, £500,000 Type: Purchase

Summary

  • Prominent town centre retail investment
  • Situated opposite the site of Falkirk’s new town hall, central library and civic centre.
  • Fully let with rent roll of £64,800 per annum exclusive
  • Recent lease extension to CEX Ltd
  • Approximately 44% of the net rent roll secured to CEX Ltd
  • Offers of £500,000 sought

Location

The property forms an integral part of Falkirk’s main pedestrianised commercial centre, with nearby occupiers including Callendar Pharmacy, Ryman Stationers and Greggs. As well as occupying a busy town centre position the subjects are located directly Callendar Square shopping centre which is being acquired by the
local authority for the relocation of the town hall/civic buildings.

In conjunction with the new town hall the local authority and Threesixty Architecture are presently producing a master plan for the town centre with the aim of creating a blueprint for regeneration and growth.

Description

The subjects comprise retail/commercial premises contained within a semi-detached 4 storey and basement building which is of brick/block construction having a largely rendered finish, with the main frontage incorporating aggregate panel sections. The property is contained under a flat, felt clad roof.

The premises have been developed by the vendors into the following configuration: –

Ground floor – self-contained retail unit occupied by CEX Ltd. The property has a substantial retail frontage to the High Street and is configured internally to provide a main retail area together with appropriate support sections.

Basement – this section of the building has been sub divided into 7 self-contained arcade style retail units, which are situated around a central common area.
First floor – the first floor comprises a former office suite which is presently under redevelopment by the tenant in order to accommodate a range of additional arcade style retail/business units.

Second floor – this section of the property comprises a gym facility which has the benefit of appropriate storage and ancillary areas.

Third floor – the third floor has been sub divided into a series of two dance studio units

Downloads

Brochure: Download

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Contact Details

Branch: Falkirk
Telephone: 01324 628321
Email: Michael.McIntyre@dmhall.co.uk
Agent Bio: View here
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