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28-58 La Porte Precinct 3,870 sq ft Retail Unit Offered at £525,000 in Grangemouth FK3 8BG
INVESTMENT HIGHLIGHTS
- Let to Boots UK Limited
- Excellent covenant with a Dun & Bradstreet rating of 5A2
- FRI lease expiring 19th August 2026
EXECUTIVE SUMMARY
The premises are situated on the west side of La Porte Precinct, the prime shopping location for the town centre. Nearby occupiers include Specsavers, Costa, British Heart Foundation, Subway and Cancer Research. The subjects comprise a retail unit arranged over the ground floor of a two storey building under a pitched and slated roof.
PROPERTY FACTS
| Total Property Size | 19,468 sq ft | Typical Floor Size | 8,136 sq ft |
| Property Type | Retail (Unit) | Year Built | 1974 |
| Property Subtype | Shopfront | Total Plot Size | 0.49 ac |
| Costar Property Class | B | Parking Allocation | 5.14/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 19,468 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 8,136 sq ft |
| Year Built | 1974 |
| Total Plot Size | 0.49 ac |
| Parking Allocation | 5.14/1,000 sq ft |
AMENITIES
- Storage Space
1 UNIT AVAILABLE
Unit 32-34
| Unit Size | 3,870 sq ft | Sale Type | Investment |
| Price | £525,000 | Tenure | Freehold |
| Price Per sq ft | £135.66 | Net Initial Yield | 7.28% |
| Unit Use | Retail | NOI | £38,220 |
| Unit Size | 3,870 sq ft |
| Price | £525,000 |
| Price Per sq ft | £135.66 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.28% |
| NOI | £38,220 |
DESCRIPTION
The accommodation provides retail space at the front with staff accommodation, storage and W.C facilities at the rear.
SALE NOTES
The subjects are let to Boots UK Ltd on a Full Repairing and Insuring lease expiring 19th August 2026. The current passing rent is £40,000/annum.
NEARBY MAJOR RETAILERS
Presented by
28-58 La Porte Precinct
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