Located on a Prime Pedestrianised Pitch adjacent to Subway
Located between New Cross Shopping Centre and The Regent Shopping Centre
Nearby occupiers include Santander, Greggs and Specsavers
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 72
Auction 30th March 2017
Rent
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 Railway Central, Hamilton West Railway Station
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, adjacent to the Regent Shopping Centre and New Cross Shopping Centre on the pedestrianised Quarry Street. Occupiers in the Regent and New Cross Shopping centres include Primark, Argos, Poundland, Bonmarche, Boots the Chemist and Wilkos. Other nearby occupiers include Santander, Subway, Greggs and Specsavers.
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 Railway Central, Hamilton West Railway Station
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, adjacent to the Regent Shopping Centre and New Cross Shopping Centre on the pedestrianised Quarry Street. Occupiers in the Regent and New Cross Shopping centres include Primark, Argos, Poundland, Bonmarche, Boots the Chemist and Wilkos. Other nearby occupiers include Santander, Subway, Greggs and Specsavers.
Tenure
Heritable. (Scottish equivalent to English Freehold)
Description
The property comprises a ground floor retail unit 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 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
Retail
41.90 sq m
(451 sq ft)
RITE VU LIMITED t/a McMenamin Opticians (1)
10 years from 03/02/2012 until 02/02/2022
£10,000
02/02/2017 (2)
Total
41.90 sq m
(451 sq ft)
£10,000
(1) McMenamin Opticians are part of the Lanarkshire Eye-health Network Scheme (LENS) (Source: www.burnbankmedicalcentre.co.uk 28/02/2017) (2) The 2017 rent review is outstanding.