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Retail Unit With Potential To Subdivide, 2-4 Mill Street, Alloa, FK10 1DT

800 to 1,600 Sq Ft / Retail / General Retail

Sold - Last updated: 10 January 2020

The subjects comprise a ground floor mid terraced retail property contained within a thee storey building of brick/block construction surmounted by a pitched and slated roof.   Pedestrian access to the property is provided though a glazed entrance door centred within a dual glazed frontage.

Internally, the subjects are currently configured as a single unit providing retail area, kitchen, office and w.c. The subjects can subdivide to provide two separate retail units with flexible open plan floor plate.

Location

Alloa is the third largest town within Central Scotland with a resident population of approximately 19,000 people and an estimated further catchment in the region of 50,000 people. Alloa is located approximately 9 miles east of Stirling and 6 miles north of the Kincardine Bridge, and has excellent transport links to both Edinburgh and Glasgow.

The subjects are located on the south side of Mill Street between its junctions with Bank Street and Candleriggs.  Mill Street forms a good retail pitch within Alloa Centre and benefits from a good level of unmetered parking.

Accommodation

From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):

Unit 2 - 74.2 sq m (800 sq ft)

Unit 4 - 74.2m sq m (800 sq ft)

Whole unit - 148.5 sq m (1,600 sq ft)  

Terms

PLANNING - All queries in relation to planning permission and use class of the subjects should be addressed to Clackmannanshire Council Planning Department.

EPC - G

PROPOSAL - Rent from £17,500 per annum (Full unit) £8,750 per annum (subdivided unit). A range of incentives are available to prospective tenants which will vary subject to lease duration and covenant strength.  Heritable (freehold) interest available by separate negotiation.

CLOSING DATE - A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.

VAT - All prices, premiums and rents quoted are exclusive of VAT.

RATING - The Rateable Value of the property is £15,300 Please contact local rating office for further information. 

Specification

  • DOUBLE UNIT (1,600 SQFT) £17,500 PER ANNUM
  • AVAILABLE AS TWO INDIVIDUAL UNITS (800 SQFT EACH) £8,750 PER ANNUM
  • READY FOR IMMEDIATE OCCUPATION
  • PROMINENT RETAIL PITCH
  • GOOD LEVELS OF NEARBY PARKING
  • INCENTIVES AVAILABLE


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