Located within close proximity of the New Cross Shopping Centre and The Regent Shopping Centre
Nearby occupiers include Santander, Subway, Greggs and Specsavers
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 84
Auction 30th March 2017
Rent
Status Sold
Price £150,000
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 Station, 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, within walking distance to both the Regent Shopping Centre and Newcross Shopping centre on the pedestrianised Quarry Street. The shopping centres house occupiers including Primark, Boots the Chemist, WH Smith, Argos and Wilko. 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 Station, 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, within walking distance to both the Regent Shopping Centre and Newcross Shopping centre on the pedestrianised Quarry Street. The shopping centres house occupiers including Primark, Boots the Chemist, WH Smith, Argos and Wilko. 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 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 ground floor retail unit which forms part of a larger building.
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
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
76.46 sq m
(823 sq ft)
THOMAS COOK TRAVEL LIMITED (1) (2)
13 years from 27/10/2006
£29,000
26/10/2019
Total
76.46 sq m
(823 sq ft)
£29,000
(1) For the year ending 30th September 2016, Thomas Cook Travel Limited reported a turnover of £8,000,000, pre-tax profits of £7,999,000 and a total net worth of £50,547,000 (Experian Group 28/02/2017). Thomas Cook Travel Limited is a subsidiary of Thomas Cook Group Plc. Thomas Cook Group Plc is one of the world's leading leisure travel groups, with sales of over £8.5 billion and more than 22 million customers. The group is supported by approximately 22,000 employees and operates from 15 countries (www.thomascookgroup.com 28/02/2017) (2) The tenant is currently not in occupation.