* High Yielding Retail Investment
* Prime Corner Pitch with Large Return Frontage
* Let to Betfred - Producing £25, 000 per annum
* Lease Expires 2028 (Three Years Term Certain)
* Asset Management Potential
* Guide Price Reflects 10% Gross Yield
* No VAT
**Strapline**
Auction Sale - 10/10/2023
Of Interest to Investors
Prime High Street Retail Unit Let to Betfred Producing £25, 000 per annum
**Description**
The property comprises a prime retail unit let to Betfred for a term of 15
years expiring in May 2028.
Set within a Category B listed building, the property offers accommodation
arranged across ground and basement floors totalling 1, 781 sq ft (165. 5 sq m).
The ground floor is utilised as sales space in conjunction with the tenants
use as a betting shop, whilst the basement provides staff breakout areas and a
kitchen.
The property occupies the prime, pedestrianised, pitch in Falkirk Town Centre,
at the corner of High Street and Kirk Wynd. The property is also opposite the
Howgate Centre, the principal shopping centre in Falkirk. The property
therefore benefits from high footfall.
**Location**
Falkirk is the main town in the central belt of Scotland, lying mid - way
between Edinburgh and Glasgow forming the main administrative centre for the
surrounding district.
The A904 Ladysmill is in close proximity and provides direct access to the M9
motorway.
Falkirk Grahamston is the nearest train station located a short distance to
the north of the property.
**Transport**
Falkirk Grahamston Station - 0. 2 miles
M9 Motorway - 1. 8 miles
**Tenancy**
The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a
lease that expires in May 2028. The lease is on effective Fri terms and is
currently producing £25, 000 per annum. There is a tenant only break option in
May 2026.

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