Co-op, Main Street
Cardross
G82 5PD

Heritable Index-Linked Supermarket Investment

  • Let to Co-operative Group Food Limited until 2032 (no breaks)
  • Five yearly CPI linked rental increases (minimum 1% p.a. and maximum 3% p.a. compounded)
  • Recently redeveloped supermarket
  • Affluent Glasgow commuter location
  • Lot
    6
  • Auction
    07/Dec/2017
  • Rent
    £45,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £665,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Co-op, Main Street<br>Cardross<br>G82 5PD
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Property Information

Location
Miles
24 miles west of Glasgow, 3 miles west of Dumbarton, 4 miles east of Helensburgh
Roads
M8, A82, A814
Rail
Cardross Railway Station
Air
Glasgow International Airport
Situation

Cardross is an affluent Glasgow commuter location, just 24 miles north-west of Glasgow. Cardross benefits from excellent communications, being situated on the A814 trunk road which leads to the A82, M8 and Glasgow City Centre. Cardross railway station provides a direct approximate journey time to Glasgow Queens Street station of 30 minutes. The property is located in a prominent corner position at the junction of Main Street and Barrs Road, within a densely populated residential area.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property, a recently redeveloped former hotel with a newly constructed extension, comprises a ground floor local supermarket with a residential flat on the first floor which is not included in the sale.

VAT

VAT is applicable to this lot.

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundRetail/Ancillary
288 sq m
(3,100 sq ft)
CO-OPERATIVE
GROUP FOOD
LIMITED (1)
15 years from
10/04/2017 until
09/04/2032 on a
full repairing and
insuring lease (2)
£45,50010/04/2022
and five yearly
(3)
Totals
288 sq m
(3,100 sq ft)
  £45,500 

(1) The Co-operative is the UK’s fifth largest food retailer, with over 2,500 stores (www.co-operative.coop). For the year ending 2nd January 2016, Co-operative Group Food Limited reported a turnover of £6,475,500,000, pre-tax profits of -£429,600,000 and a total net worth of £1,385,500,000 (Source: Experian Group 08/11/2017).
(2) The tenant has an option to extend the lease for a further 10 years at expiry in 2032.
(3) The rent reviews are five yearly and linked to the Consumer Price Index (CPI), with a minimum of 1% per annum and a maximum of 3% per annum compounded.

Property Documents

  • Site Plan
    Updated Date
    15.11.17
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    951 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Peterkins Robertson and Paul Solicitors Kensington House, 227 Sauchiehall Street
Glasgow
G2 3EX
David Morris 0141 331 4510davidmorris@prp-legal.co.uk

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