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39-43 Vicar St 3,585 SF Retail Condo Unit Offered at $740,641 in Falkirk FK1 1LL
PROPERTY FACTS
| Total Building Size | 3,585 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,195 SF |
| Property Subtype | Restaurant | Year Built | 1990 |
| Building Class | B | Lot Size | 0.03 AC |
| Total Building Size | 3,585 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Restaurant |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,195 SF |
| Year Built | 1990 |
| Lot Size | 0.03 AC |
AMENITIES
- 24 Hour Access
- Restaurant
1 UNIT AVAILABLE
Unit Restaurant
| Unit Size | 3,585 SF | Sale Type | Investment |
| Price | $740,641 | Tenure | Freehold |
| Price Per SF | $206.59 | Cap Rate | 10.91% |
| Condo Use | Retail | NOI | $80,797.20 |
| Unit Size | 3,585 SF |
| Price | $740,641 |
| Price Per SF | $206.59 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 10.91% |
| NOI | $80,797.20 |
DESCRIPTION
Comprises ground floor restaurant, which forms part of a three-storey sandstone building. Internally the premises are arranged to provide the main bar/restaurant area, private dining room and kitchen, together with appropriate storage, staff toilet and support accommodation.
Ground Floor Restaurant: 333 sq m (3,585 sq ft)
Open plan bar/restaurant area, private dining, full kitchen, staff rooms
SALE NOTES
Investment Consideration:
VAT is applicable to this property. TOGC available.
Let until 2034. No breaks. Rent review on 23.09.29 open market upward only
Comprises large ground floor restaurant, forming part of a three-storey sandstone building
Provides bar/restaurant area c. 120 covers, with additional private dining c. 40 covers.
Situated within short walk from Falkirk Train Station. Occupiers nearby include Slater Hogg and Howison Estate Agents, Belvoir Lettings, Rialto Bar/Restaurant and High Spirits Falkirk.
Tenancy:
The property is at present let to Monterey Jacks Falkirk Ltd for a term of 15 years from 23rd September 2019 at a current rent of £60,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 23.09.29 open market upward only. No breaks.
NEARBY MAJOR RETAILERS
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39-43 Vicar St
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