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3 Princes Street, Falkirk, FK1 1LS

Scotland

£220,000

Listed on 19/05/2026

Property Details

Bedrooms
4
Type
Commercial Property

Description

Presenting a substantial commercial property ripe for redevelopment located in the vibrant Falkirk Town Centre. This impressive unit, currently a vacant underground bar and club, offers significant renovation potential for discerning investors eager to customize the space to their vision. With an advantageous position just a four-minute walk from Falkirk Train Station, the property enjoys high foot traffic and is surrounded by local amenities, making it an attractive prospect for future tenants. Once revitalized, rental income could reach between £40,000 and £50,000 annually, presenting a compelling yield opportunity. There's also potential for altering its use with appropriate permissions, adding further value to the investment. This rarely available asset in Falkirk promises not only a chance to inject personal style but also capitalize on the burgeoning local market. Don't miss out on this opportunity for immediate acquisition ahead of the upcoming auction.

Investment Analysis

(FK1 area)
Area Average
£175/sq ft
Avg Rent (weekly)
£189
Avg Yield
6.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
129%
Properties sold annually

Local Market Trend (FK1)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +17.0%
5 year growth: +24.3%
Investment Disclaimer: Analysis based on FK1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

3 Princes Street, Falkirk, FK1 1LS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£785
Based on a loan of £165,000 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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