Property for sale

*Premium commercial investment property*Turnkey investment* Let at £60,000 pa until 2034*Rental yield 12.12% calculated against current guide price* *Comprising large ground floor restaurant, forming part of an impressive three-storey sandstone building. Provides bar/restaurant area c. 120 covers, with additional private dining c. 40 covers* *High yielding commercial unit let to The Good Hood restaurant chain*Town centre commercial let certain to appeal to shrewd investors seeking well performing commercial properties* *Leased on a FRI agreement at £60,000 pa until 2034 with rent review in September 2029. VAT applicable on transaction although TOGC terms can be applicable* *Located in a prime town centre location with high levels of passing trade. Vicar Street contains a number of hospitality businesses as well as retail units and banks* Rental Income: £60,000 p.a. VAT is applicable on this property. TOGC available. Let until 2034. No breaks. Rent review on 23.09.29 open market upward only Situated within short walk from Falkirk Train Station. Occupiers nearby include Slater Hogg and Howison Estate Agents, Belvoir Lettings, Rialto Bar/Restaurant and High Spirits Falkirk. Property Description: Comprises ground floor restaurant, which forms part of a three-storey sandstone building. Internally the premises are arranged to provide the main bar/restaurant area, private dining room and kitchen, together with appropriate storage, staff toilet and support accommodation. Ground Floor Restaurant: 333 sq m (3,585 sq ft) Open plan bar/restaurant area, private dining, full kitchen, staff rooms Tenancy: The property is at present let to The Good Hood for a term of 15 years from 23rd September 2019 at a current rent of £60,000 p.a. and the lease contains full repairing and insuring covenants.

Auction Details
19 December 2025, 12pm
Deadline for Offers

How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.

Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.