The premises comprise a lock up shop/office unit formed over ground floor. Benefiting from a modern timber framed and glazed shopfront, the premises are laid out with an open sales area to the front with disabled wc and staff welfare facilities to the rear.
Location
Grangemouth is a busy freight port and refinery town that sits on the south bank of the River Forth. Located 3 miles east of Falkirk, the town has a resident population of c.18,000. La Porte Precinct is the pedestriansed town centre and the premises sit towards the northern end of the precint at its junction with Bo’ness Road . Nearby occupiers include The Earl of Zetland Wetherspoon pub, RGM Solicitors and a recently opened Costa Coffee.
Accommodation
Scaling from plans provided to us, we estimate the property to extend to the following floor areas: Ground Floor Net Internal Area: 91.06 sq m (980 sq ft)
Terms
Rating - From saa.gov.uk, the premises are entered in the current Valuation Roll as:
NAV/RV: £13,800; Poundage for 2018/19: £0.48
With the Rateable Value set at this level qualifying occupiers can apply for the Small Business Bonus Scheme that can reduce the Rates Payable to £0.
Planning - From the property’s previous use, we would expect that it benefits from a Class 2 (Office and Financial Services) Planning Consent. As such, deemed consent is also available for use of the property for Class 1 (Retail) purposes.
Energy Performance Certificate - G
Terms - The premises are held on a full repairing and insuring lease expiring at 19 August 2032. The lease incorporates Tenant-only break options and upwards only rent reviews at August 2022 and 2027. The current passing rent is £15,000 per annum. Our clients seek to assign their interest or may consider a sub-letting on terms to be agreed. Subject to status, attractive incentives are available to assignees.
Legal Expenses - Each party will be responsible for their own legal and professional costs incurred as part of any transaction. The ingoing occupier will also be responsible for Registration Dues and any Land & Buildings Transaction Tax that may be payable.
VAT - All financial figures are quoted here exclusive of VAT which will be charged at the prevailing rate.
Entry - Immediately available on conclusion of missives.