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95 High St 400 SF Retail Condo Unit Offered at $173,211 in Tillicoultry FK13 6DL
INVESTMENT HIGHLIGHTS
- Located centrally in Tillicoultry
- Close proximity to Alloa railway station
EXECUTIVE SUMMARY
The subjects comprise a ground floor takeaway within a 2 storey red sandstone building. The upper floor appears to be residential in nature. The subject property occupies a prominent location on the southern side of High Street, close to its junction with Moss Road (A908), forming part of Tillicoultry’s principal commercial centre.
PROPERTY FACTS
| Total Building Size | 475 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 475 SF |
| Property Subtype | Storefront | Year Built | 1902 |
| Building Class | B |
| Total Building Size | 475 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 475 SF |
| Year Built | 1902 |
1 UNIT AVAILABLE
Unit 95
| Unit Size | 400 SF | Sale Type | Investment |
| Price | $173,211 | Tenure | Freehold |
| Price Per SF | $433.03 | Cap Rate | 10.00% |
| Condo Use | Retail | NOI | $17,321.09 |
| Unit Size | 400 SF |
| Price | $173,211 |
| Price Per SF | $433.03 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 10.00% |
| NOI | $17,321.09 |
DESCRIPTION
The subjects comprise a ground floor takeaway which is accessed via a single aluminium framed pedestrian door and leads into the sales area. The commercial kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is covered in tiles, walls covered with PVC and stainless steel splashbacks. A cold store and WC are provided to the rear of the takeaway. There are 2 outbuildings to the rear and are used for storage.
SALE NOTES
The property is let on a new 20 year FRI lease that commenced in August 2025 at a rent of £13,000 per annum. The rent is subject to an upward only open market review in February 2028 and then 5 yearly. There is a minimum 10% uplift in rent at each review. There are no lease break options.
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NEARBY MAJOR RETAILERS
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95 High St
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