Nearby occupiers include Primark, The Money Shop, Thomson and Greggs.
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 79
Auction 30th March 2017
Rent £13,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
10 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads
M74, M8, A72, A723
Rail
Hamilton Central, Hamilton West
Air
Glasgow International Airport, Edinburgh Airport
Situation
Hamilton is the county town of Lanarkshire and has strong communications via the M74. The property is situated in the town centre, opposite an entrance to Regent Shopping Centre, on the pedestrianised Quarry Street. Nearby occupiers include Primark, The Money Shop, Thomson and Greggs.
Tenure
Heritable. (Scottish equivalent to English Freehold).
Location
Miles
10 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads
M74, M8, A72, A723
Rail
Hamilton Central, Hamilton West
Air
Glasgow International Airport, Edinburgh Airport
Situation
Hamilton is the county town of Lanarkshire and has strong communications via the M74. The property is situated in the town centre, opposite an entrance to Regent Shopping Centre, on the pedestrianised Quarry Street. Nearby occupiers include Primark, The Money Shop, Thomson and Greggs.
Tenure
Heritable. (Scottish equivalent to English Freehold).
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation which forms part of a larger building.
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 ground floor retail unit with first floor ancillary accommodation which forms part of a larger building.
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
Review
Ground First
Retail Ancillary
74.92 sq m 24.19 sq m
(806 sq ft) (260 sq ft)
SHELTER (1)
Approx 25 years from 12/06/1998 until 27/05/2023 (2)
£13,000
28/05/2018
Total
99.11 sq m
(1,066 sq ft)
£13,000
(1) Shelter Scotland is a charity set up in 1968 that works to alleviate the distress caused by homelessness and bad housing. They now have over 35 stores across Scotland (Source: scotland.shelter.org.uk 28/02/2017). (2) The lease provides a tenant option to determine on 27/05/2018 subject to six months’ notice.
