Page 21 - Shepherd February Commercial Auction 2023

Lot 16
Single-storey semi-detached shop
4 Burnhead Lane, Falkirk FK1 1UG
Features:
• Class One Shop
• Modern and attractive fit-out
• Close proximity to Falkirk Town Centre
• Rucci Hair has traded successfully from this location since 1986 • Benefits from 100% rate relief
Description:
The property comprises a single-storey semi-detached shop that offers good quality modern accommodation over the ground floor. The property benefits from a good frontage onto Burnhead Lane from three large arch-shaped display windows. A wall-mounted hanging sign above the door provides signage. The property is currently trading as Rucci Hair, a hairdresser that has traded successfully from this location since 1986. Internally, the shop is well presented and fitted for its current use as a hairdresser. The shop provides a front-of-sales reception, a main open-plan sales area, a small fitted staff kitchen, and male and female toilets comprising one WC and one wash-hand basin each. The floors have a tile effect finish, while the walls and ceiling have a mixture of plastered and painted finishes. Lighting is by a mix of spotlights and pendant lamps, and heating is by plug-in electric radiators.
Location:
Rateable Value:
The subjects are entered in the current Valuation Roll with a rateable value of £4,800. Provisionally, the subjects are entered into the April 2023 valuation at a rateable value of £4,800.
VAT:
Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
Energy Efficiency Rating: Awaited Tenure: See Legal Pack
Viewing:
Viewings by arrangement with Shepherd Commercial Property Auctions -Tel: 0333 016 4000 Email: auctions@shepherd.co.uk
Auction Type: Unconditional Sale. The buyers fee is 2.15% plus VAT (2.58% including VAT) subject to a minimum of £2,150 plus VAT (£2,580 including VAT)
Next Auction: 28th May 2020
Falkirk is a town situated within Scotlands Central Belt, approximately 24 miles to the northeast of Glasgow and 26 miles west of Edinburgh. The town is ideally located in terms of road transport links with the M80/M9 Motorways in close vicinity. The town is the administrative centre for the Falkirk District and has a current population now estimated to be just short of 40,000 persons and a wider catchment population of circa 160,000 people. The property is situated on the east side of Burnhead Lane, adjacent to Falkirk High Street. It benefits from easy pedestrian access to Falkirk High Street and nearby East Bridge Street. Vehicle access is via Arnot street, which leads to Callander Road and the A9 trunk Road. The A9 Trunk Road gives access to the M9 motorway, which connects with Edinburgh to the east and Glasgow to the west). Surrounding uses are generally commercial, retail and residential. The property benefits from close proximity to Falkirk town centre, Callander Square Shopping Centre and Callander Square Car Park, while Falkirk Bus Station is 6 minute walk and Falkirk Grahamston Train Station is 7 minute walk.
Ground Lease:
Falkirk Council owns the heritable interest in the property. At the time of the auction, there is 37 years and 9 months remaining on the lease. The passing rent is £50 p.a, and there are no rent reviews. The ground lease has a term of 99 years. The term runs from 10 November 1961 to 10 November 2060. Our client took on the assignation of the lease from the previous occupier in 1986. The current tenant is permitted to dispose of their interest in the property on the open market, and there's no requirement to sell the interest to Falkirk Council. The landlord must consent to the assignation of the ground lease, and as such, the transaction may be subject to a longer legal process. More details can
*Guide Price £45,000+ (plus fees)
*Please see Buyer’s Terms for definition of guide price and auction fees
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