£275,000 Guide price

High Street, Falkirk, Falkirk (Area), FK1 1NR

conversion for sale

Property Details

Mixed Use Development Opportunity

New to auction is this fantastic 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.

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.



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Property History

  • Property added on 5 September 2022
  • New price Guide price £275,000 as of 7 December 2022
    Was: Guide price £299,999
  • New price Guide price £299,999 as of 11 October 2022
    Was: Guide price £350,000
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