73 / 75 South Bridge Street Airdrie Lanarkshire ML6 6JH

73 / 75 South Bridge Street
Airdrie
Lanarkshire
ML6 6JH

Freehold Retail Investment

  • 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
    £50,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • 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.

Property Documents

  • Catalogue Page
    Updated Date
    16.11.16
    File Size
    533 KB
    View PDF
  • Site Plan
    Updated Date
    16.11.16
    File Size
    82 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Wright Johnson Mackenzie 302 St Vincent Street
Glasgow
G2 5RZ
Stewart King 0141 248 3434sak@wjm.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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