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Lot 77 Portfolio Of High Street Commmercial Premises (part Let)Auction Date:
1st November 2024
23-49 (excluding No.39) High Street & 3-13 Cockburn Street, Falkirk, FK1 1DJ
Currently let at £142,420 per annum
Total estimated rental value in the region of £300,000 per annum
Falkirk, one of Scotland's largest towns situated in the central belt roughly equidistant between Glasgow and Edinburgh on the M9, is well placed for the surrounding road network, rail links and has a population of circa 37,000 people, with a far greater catchment within a 5-10-mile radius. This commercial investment is made up of 18 units arranged over various configurations between basement level, ground, first and second floor accommodation in the town centre. A number of units are currently vacant, meaning there is great potential to enhance the investment further. However, the investment includes such tenants as Santander, Peacocks and Holland & Barrett. Situated in the town centre, the development also has vehicular access via a service road to the rear for loading and unloading.
Auctioneer’s Note
At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information.
Feuhold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
