Tenanted Commercial Investment Property

PRIME TOWN CENTRE LOCATION FULL CLASS 3 UNIT 651sq ft Let at £10,000pa on a private name expiring 2041. Superb rates free opportunity. Rent review ever 5th Anniversary The property is situated on the North side of High Street, close to its junction with Cockburn Street on a highly prominent position within Falkirks town centre. The property is presented in a good condition having been renovated by the tenant. The property is let to a private individual expiring 1st February 2041 at a passing rent of £10,000p.a with rent review in 2031 and 2036. Ground: 60.47sqm (651sq ft) NAV/RV: £6,000 Tenancy Details: Type of Agreement: Full Repairing & Insuring (FRI) Length: 2041 Rent: £10,000 per year / £833 per month Yield: 16% (approx) Tenant: Private Individual Notes: The property is let to a private individual expiring 1st February 2041 at a passing rent of £10,000p.a with rent review in 2031 and 2036. Maps & Location The property is situated on the North side of High Street, close to its junction with Cockburn Street on a highly prominent position within Falkirks town centre. Falkirk sits in Scotland’s Central Belt on the south side of the upper Firth of Forth, roughly 20 miles north-east of Glasgow and 23 miles west of Edinburgh. The town itself has a population of around 35,500 and forms the commercial and administrative heart of a tightly clustered urban area that also includes Grangemouth, Larbert, Stenhousemuir, Camelon and Polmont. That wider built-up area exceeds 100,000 people, while the Falkirk Council area as a whole is home to about 160,000. The town is a well-established commuter and retail catchment for both Glasgow and Edinburgh, served by the M9 and M876 motorways and by two principal stations: Falkirk High on the main Glasgow–Edinburgh line (typically 20–28 minutes to Glasgow Queen Street and 24–35 minutes to Edinburgh Waverley) and the more central Falkirk Grahamston on the Edinburgh–Dunblane route. Additional stations at Larbert, Polmont and Camelon, frequent bus services to the two cities and Stirling, and proximity to Edinburgh Airport (c. 20 miles) and Glasgow Airport (c. 33 miles) give the town strong strategic connectivity across the Central Belt.