Lomond Galleries Alexandria West Dunbartonshire G83 0UG

Lomond Galleries
Alexandria
West Dunbartonshire
G83 0UG

Substantial Heritable Shopping Centre Opportunity

  • Attractive Shopping Centre totalling 54,404 sq ft
  • Grade A Listed
  • Benefits from an approximate site area of 4.59 acres with substantial car parking
  • Popular tourist location situated on Loch Lomond National Park
  • Asset Management Opportunities/ Redevelopment Potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    69
  • Auction
    25th May 2017
  • Rent
    £68,166 per Annum Exclusive
  • Status
    Sold
  • Price
    £265,000
  • Sector
    Shopping Centre
  • 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

Substantial Heritable Shopping Centre Opportunity

  • Attractive Shopping Centre totalling 54,404 sq ft
  • Grade A Listed
  • Benefits from an approximate site area of 4.59 acres with substantial car parking
  • Popular tourist location situated on Loch Lomond National Park
  • Asset Management Opportunities/ Redevelopment Potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 69
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £265,000
  • Sector
    Shopping Centre
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
17 miles north-west of Glasgow
Roads
A82, M8
Rail
Alexandria Railway Station (Approximately 44 minutes to Glasgow)
Air
Glasgow International Airport
Situation

Alexandria is located 4 miles north-west of Dumbarton, 17 miles north-west of Glasgow and is considered the gateway to Loch Lomond National Park. The property is situated in a highly prominent position on the east side of Main Street, at its junction with Heather Avenue in the heart of the town centre. Loch Lomond National Park benefits from substantial tourism with over 5 million visitors annually.

Tenure

Heritable. Part Heritable (Scottish equivalent of English Freehold). Part Leasehold - Adjacent car park held for a term of 40 years from 21/08/1998 at £1 per annum from West Dumbartonshire Council. Please refer to the legal pack for further information.

Location
Miles
17 miles north-west of Glasgow
Roads
A82, M8
Rail
Alexandria Railway Station (Approximately 44 minutes to Glasgow)
Air
Glasgow International Airport
Situation

Alexandria is located 4 miles north-west of Dumbarton, 17 miles north-west of Glasgow and is considered the gateway to Loch Lomond National Park. The property is situated in a highly prominent position on the east side of Main Street, at its junction with Heather Avenue in the heart of the town centre. Loch Lomond National Park benefits from substantial tourism with over 5 million visitors annually.

Tenure

Heritable. Part Heritable (Scottish equivalent of English Freehold). Part Leasehold - Adjacent car park held for a term of 40 years from 21/08/1998 at £1 per annum from West Dumbartonshire Council. Please refer to the legal pack for further information.

Description

The property, an attractive Grade A Listed former factory built in 1905, now comprises a shopping centre arranged over ground, lower ground and first floors. In addition to the main building, there are an additional two buildings, a small gatehouse and a two storey house. The property benefits from a site area of 1.86 hectares (4.59 acres) and substantial on-site car parking. In addition to the on-site parking, there is an adjacent car park which is held on a lease from West Dunbartonshire Council.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, an attractive Grade A Listed former factory built in 1905, now comprises a shopping centre arranged over ground, lower ground and first floors. In addition to the main building, there are an additional two buildings, a small gatehouse and a two storey house. The property benefits from a site area of 1.86 hectares (4.59 acres) and substantial on-site car parking. In addition to the on-site parking, there is an adjacent car park which is held on a lease from West Dunbartonshire Council.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Museum Lower Ground Museum
253.53 sq m
(2,729 sq ft)
ARGYLL
CARS &
ACCESSORIES
LTD
Approx 3
years from
07/07/2012
£7,500 Tacit Relocation
- subject to 2
months’ prior
notice by
Landlord
2A Lower Ground/
Ground
Retail/
Ancillary
186.82 sq m
(2,011 sq ft)
HALO A term of
years from
18/05/2005
£6,000 Tacit Relocation -
subject to 7
days’ prior notice
7 Lower Ground/
Ground
Retail/
Ancillary
244.33 sq m
(2,630 sq ft)
PAVERS LTD A term of
years from
04/07/2003
£6,000 Tacit Relocation
- subject to 6
weeks’ prior
notice by either
party
8 & 9 Lower Ground/
Ground
Retail/
Ancillary
512.35 sq m
(5,515 sq ft)
THE WORKS
STORES
LIMITED
1 year from
12/02/2007
£16,000 Tacit Relocation
- subject to 3
months’ prior
notice
11 Ground Retail/
Ancillary
258.26 sq m
(2,780 sq ft)
INDIVIDUAL
t/a Crafts U
Make
Approx 5.5
years from
15/04/2013
£20,833 10/11/2018 -
subject to 3
months’ prior
notice by
Landlord
1LF, 1, 2B,
3A, 3B, 4A,
5, 6, 10,
10A
Lower Ground/
Ground
Retail/
Ancillary
1,940.97 sq m
(20,893 sq ft)
VACANT      
16 First Retail/
Ancillary
167.22 sq m
(1,800 sq ft)
INDIVIDUAL A term of
years
expiring
31/03/2017
£3,333 Tacit Relocation
- subject to 3
months’ prior
notice by
Landlord
18 First Retail/
Ancillary
111.48 sq m
(1,200 sq ft)
TOTALLY
TARTAN
KILTMAKERS
10 years
from
07/02/2007
£8,500 Tacit Relocation
- subject to 6
months’ prior
notice by
Landlord
12A, 12B,
13, 14, 15,
17, 19 &
20, 21
First Retail/
Ancillary
1,379.20 sq m
(14,846 sq ft)
VACANT      
Building A Ground Store
-
(-)
VACANT      
Building B Ground Store
-
(-)
VACANT      
Outhouse Ground Outhouse
-
(-)
VACANT      
Totals
 
5,054.16 sq m
(54,404 sq ft)
    £68,166  

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    2 MB
    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
Seller's Solicitors
Davidson Chalmers LLP 12 Hope Street
Edinburgh
EH2 4DB
Caroline Court 0131 625 9191caroline.court@davidsonchalmers.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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