Commercial property for auction
High Street, Falkirk
Mixed use development opportunity, enjoying prime position in Falkirk High Street. Over three levels, and covered by three titles, this impressive B Listed building is being offered as a development portfolio under one auction listing. On the ground level, fronting to the High Street, are two vacant commercial units: 150 @ 1021 sq.m; 154 @ 116 sq.m. The first and second floor levels were previously being used as general retail storage, and extend to 1305 sq.m. Planning permission has been granted under Falkirk Council Reference P/20/0566/FUL for conversion to adapt the two commercial units, and to form 23 residential units on the upper floors utilising existing space with an element of additional construction. The upper levels comprise large open spaces which is a great advantage to the development logistics. Listed Building Consent has been approved under Reference P/20/0567/LBC. All related planning documentation can be found through the Falkirk Council Planning Portal. The combination of strong potential GDV on the residential units, opportunity for commercial rental income on ground floor, and a keenly positioned Guide Price, is sure to attract strong levels of interest from developers and investors. Early viewing is strongly recommended to fully appreciate the outstanding value and potential that this exciting development opportunity offers.
Tenure
Freehold
Area
Falkirk is a large town in Central Scotland, and lies approximately 23 miles north-west of Edinburgh and 20 miles north-east of Glasgow. Falkirk offers a wide range of retail and leisure options, and also offers schooling of all levels. Motorway links are easily accessed, and Falkirk High and Grahamston stations offer rail links to both Edinburgh and Glasgow. Falkirk bus station lies in the town centre and has bus routes providing links to the cities of Stirling, Edinburgh and Glasgow as well as local routes. Attractions in and around Falkirk include the Falkirk Wheel, The Helix, The Kelpies, Callendar House and Park and remnants of the Antonine Wall.
Local Authority
Falkirk Council
Features
Location
DON'T GET HAMMERED AT AUCTION. BUY FROM SOMEONE YOU CAN TRUST.... BRIGHTON & BECK
Important Note
The latest published guide price is shown on the website. The reserve price is the minimum price at which the property can be sold. The guide price given is the minimum price at which the seller might be prepared to sell on the date on which the guide price is published. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted "subject to contract". The reserve price may be greater than the previously quoted guide price. The guide price will be published online immediately it becomes available. Lots may be sold or withdrawn prior to auction. Auction properties are subject to a buyer’s premium of a minimum £4,000+VAT (£4,800) and Estate Agency properties are subject to a buyer’s premium of a minimum £1,500+VAT (£1,750). Any commercial sales are subject to a buyers premium of a minimum £5,000+VAT (£6,000) or 3%+VAT (Whichever is the greater). Each property listing provides the individual Buyers Premium, but for more Information on a properties Buyers Premium and any other related fees please feel free to speak to a member of the team.