Falkirk Business Hub

Fully let premium serviced office and co-working investment.

This landmark property was previously the site of Falkirk’s General Post Office and is situated in the heart of the town in a prime position on the corner of Vicar Street and Weir Street, with easy access to the M9 motorway between Stirling and Edinburgh.

The property benefits from 46 serviced office suites in a variety of sizes, as well as a co-working lounge, 4 lettable meeting rooms (2-10 people) and a seminar suite that can seat up to 59 people, all finished to a high specification. The ground floor is home to the co-working lounge as well as the popular Finnegans Café and Life Fit Wellness Falkirk, which offers unique integrated healthcare and exercise services.

There are a wide range of amenities all within a few minutes walk, including Falkirk Retail Park and numerous bars and restaurants. Grahamston Train Station is 2 minutes walk away, providing frequent direct access to Edinburgh, Glasgow, Stirling and beyond.  By car, the property is located approximately 25 miles from Edinburgh and 14 miles from Stirling via the A9 and Glasgow is 23 miles away via the M80.

Specification

INVESTMENT SUMMARY:

  • Landmark four storey building, fully renovated to provide a mix of co-working, meeting room and private office space, along with virtual office services
  • Located in the heart of Falkirk, 2 minutes walk from Grahamston Train Station and with easy access to the M9 motorway between Stirling and Edinburgh
  • Fully let to a strong and diverse mix of over 40 licensees from industries spanning commercial property, financial, legal, renewable energy, recruitment, charity, healthcare and beauty
  • On-site café and fitness centre
  • Asset management opportunities include:
    • Building re-brand
    • Additional 4th floor expansion
    • Re-shaping the ground floor to create more high value “touchdown” space
    • New showers and storage facilities
    • Potential efficiencies as part of a bigger business (e.g CRM system etc)
  • We are seeking offers in excess of £2.25 Million exclusive showing a net intial yield of 9.20%
  • Total NIA of 24,712 sq ft (2,296 sq m)
  • Total projected Net Operating Income for 2023 of £220,000
  • Low capital rate of £91.00 per sq ft
Get Brochure Email Nick
Nick White

+44 (0)7786 171266

Nick@150px.jpg

Email James
James Metcalfe

+44 (0)7786 623282

James Metcalfe