Prominent town centre location on South Bridge Street
Let to British Heart Foundation
Approximately 10,975 sq ft
Nearby occupiers include Timpson, Bank of Scotland, Boots, Burton and a variety of local traders
Lot 79
Auction 8th December 2016
Rent
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
10 miles east of Glasgow, 30 miles west of Edinburgh
Roads
A8, A73, A89, M8
Air
Glasgow Airport
Situation
Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with access provided by the M8 Motorway. The area has a resident population of approximately 100,000 persons and a catchment of 30,000 within 8 miles of the town. The property is situated in a prominent trading position in the heart of the town centre on the east side of South Bridge Street and adjacent to a free public car park. Nearby occupiers include Timpson, Bank of Scotland, Boots, Burton and a variety of local traders.
Tenure
Heritable. (Scottish equivalent of English freehold).
Location
Miles
10 miles east of Glasgow, 30 miles west of Edinburgh
Roads
A8, A73, A89, M8
Air
Glasgow Airport
Situation
Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with access provided by the M8 Motorway. The area has a resident population of approximately 100,000 persons and a catchment of 30,000 within 8 miles of the town. The property is situated in a prominent trading position in the heart of the town centre on the east side of South Bridge Street and adjacent to a free public car park. Nearby occupiers include Timpson, Bank of Scotland, Boots, Burton and a variety of local traders.
Tenure
Heritable. (Scottish equivalent of English freehold).
Description
The property comprises a large self-contained retail unit arranged over ground and first floors within a substantial two storey building under a flat roof. The unit also benefits from a yard at the rear which provides service access. Internally, the unit has been fitted out in the corporate style of the tenant, British Heart Foundation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large self-contained retail unit arranged over ground and first floors within a substantial two storey building under a flat roof. The unit also benefits from a yard at the rear which provides service access. Internally, the unit has been fitted out in the corporate style of the tenant, British Heart Foundation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Retail Retail
502.60 sq m 517 sq m
5,410 sq ft 5,565 sq ft
BRITISH HEART FOUNDATION (1)
15 years from 01/10/2008 to 30/09/2023 on a full repairing and insuring lease
£50,000
01/10/2018 (2)
Totals
1,019.60 sq m
10,975 sq ft
£50,000
(1) The British Heart Foundation was founded in 1961 and is the UK's leading heart charity with over 730 retail outlets across the UK. (Source: www.bhf.org.uk 03/11/2016). (2) There is a tenant break option on 01/10/2018 subject to providing 6 months’ written notice. Furthermore, there is an upwards only rent review on 01/10/2018.