Castle Crescent, Bankside industrial Estate, Falkirk, FK2 7XY
5,752 Sq Ft / Industrial / General Industrial
For Sale
- £600,000.00
Under Offer - Last updated: 05 March 2025
Summary
Comprises 2 x self-contained units built in 2005
Both benefit from dedicated secure yards
Insulated clad roof with translucent panels allowing for excellent levels of natural daylight
Internally both units present well with WC’s, tea-preps and small office space
Mains supplies gas, water and 3 x phase power provided
The clear internal eaves height is 4m rising to 5m
Key Points
Modern standalone industrial investment let to 2 x tenantsPopular industrial location within the heart of Scotland's Central BeltRedpath Tyres Ltd until Aug 27Scottish Gas Networks Limited until Nov 34Average WAULT is 6.13 years to expiryTotal passing rent £47,500 per annumOffers over £600,000 = 7.55% NIY
Viewings
Strictly via the sole selling agents G M Brown
Tenancy Information
Unit 1A
Let to Scottish Gas Networks Limited
Been in occupation for 10 years
Recently renewed until Nov 34, break in Nov 29
Passing rent of £30,000 pa (£8.22/sq ft)
Rent review in Nov 29 to greater of open-market rent or RPI collared and capped at 2-4% pa compounded
Unit 1B
Let to Redpath Tyres Ltd
Let until Aug 27
Passing rent of £17,500 pa (£8.33/sq ft)
Upwards only open-market rent review in Aug 25
Average WAULT is 6.13 years to expiry
Total passing rent £47,500 per annum
Location
Falkirk is strategically located within the heart of Scotland’s Central Belt between Glasgow and Edinburgh. The town is the main administrative centre for the surrounding district and provides extensive retail, leisure and local government facilities and has a resident population of over of 33,000 with a regional catchment population of approximately 160,000.
The subjects re situated in Castle Crescent within Bankside Industrial Estate, which is one of Falkirk’s principal industrial locations. The Estate is located to the northeast of Falkirk and benefits from close proximity to Junction 6 of the M9 (Edinburgh-Stirling) motorway, which in turn connects to Scotland’s
principal motorway network.
Neighbouring occupiers include:
• Pirtek
• Dulux Decorator Centre
• GAP Plant Hire
• Barenbrug
• AsdaTerms
Offers over £600,000 are invited for our clients heritable interest reflecting a NIY of 7.55% after purchasers costs.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£600,000.00
| NA |
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