57 Kirk Road Wishaw North Lanarkshire ML2 7BL

57 Kirk Road
Wishaw
North Lanarkshire
ML2 7BL

Heritable Leisure Investment

  • Let to Mecca Bingo Limited - a part of The Rank Group
  • Approximately 34,010 sq ft
  • Potential for alternative uses (subject to existing lease, planning and consents)
  • Nearby occupiers include JD Wetherspoon, Morrisons, Lloyds Pharmacy and Betfred
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    28
  • Auction
    30th March 2017
  • Rent
    £205,733 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,250,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Leisure Investment

  • Let to Mecca Bingo Limited - a part of The Rank Group
  • Approximately 34,010 sq ft
  • Potential for alternative uses (subject to existing lease, planning and consents)
  • Nearby occupiers include JD Wetherspoon, Morrisons, Lloyds Pharmacy and Betfred
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 28
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £1,250,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
18 miles south-east of Glasgow
Roads
A71, A73, M8, M74,
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation

The property is prominently situated on the northern side of Kirk Road, which connects to Main Street and Stewarton Street, in Wishaw town centre. Nearby occupiers include JD Wetherspoon, Lloyds Pharmacy and Betfred, with other occupiers in the town including Lidl, Morrisons, Iceland, M&Co and Peacocks.

Tenure

Heritable. (Scottish Equivalent of Freehold)

Location
Miles
18 miles south-east of Glasgow
Roads
A71, A73, M8, M74,
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation

The property is prominently situated on the northern side of Kirk Road, which connects to Main Street and Stewarton Street, in Wishaw town centre. Nearby occupiers include JD Wetherspoon, Lloyds Pharmacy and Betfred, with other occupiers in the town including Lidl, Morrisons, Iceland, M&Co and Peacocks.

Tenure

Heritable. (Scottish Equivalent of Freehold)

Description

The property comprises a substantial bingo hall arranged over ground, basement, mezzanine, circle
and circle foyer floor levels.

VAT

VAT is not 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 substantial bingo hall arranged over ground, basement, mezzanine, circle
and circle foyer floor levels.

VAT

VAT is not 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 Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
Basement (Plant)
Mezzanine
Circle Foyer
Circle
1,570.81 sq m
-
334.90 sq m
375.35 sq m
878.63 sq m
(16,908 sq ft)
(-)
(3,605 sq ft)
(4,040 sq ft)
(9,457 sq ft)
MECCA BINGO
LIMITED (1)

Approximately 15 years and one month from
10/08/2006 on a full
repairing and insuring
lease (2) (3)
£205,733
28/09/2021
Totals
3,159.69 sq m
(34,010 sq ft)
    £205,733
 

(1) For the year ending 30th June 2016, Mecca Bingo Limited reported a turnover of £209,543,000, pre-tax profits of £36,665,000 and a total net worth of £488,346,000 (Source: Experian Group 13/02/2017). Mecca Bingo are part of The Rank Group who have been entertaining Britain since 1937 under the Mecca & Grosvenor Casino brands. The Rank Group operate 55 casinos and 98 bingo halls (Source: www.rank.com 13/02/2017).
(2) The lease is subject to a Schedule of Condition.
(3) The tenant has an option to renew at the end of the term of the lease.

Property Documents

  • Site Plan
    Updated Date
    08.03.17
    File Size
    907 KB
    View PDF
  • Catalogue Page
    Updated Date
    08.03.17
    File Size
    981 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Associate Auctioneers
Lewis & Partners 15-19 Cavendish Place
London
W1G OQE
Stephen Raingold 020 7580 4333stephenraingold@lewisandpartners.com
Seller's Solicitors
Shepherd and Wedderburn LLP 1 Exchange Crescent, Conference Square
Edinburgh
EH3 8UL
Hannah Swinton 0131 473 5105hannah.swinton@shepwedd.com

Useful Links

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

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