73 Cowgate Kirkintilloch Glasgow G66 1HW

73 Cowgate
Kirkintilloch
Glasgow
G66 1HW

Heritable Retail Investment

  • Let to Greggs Plc until 2031 (subject to option)
  • Prominent town centre location close to The Regent Centre
  • Nearby occupiers include Boots, Superdrug, Poundland, New Look, M&Co, Subway and Specsavers
  • Lot
    52
  • Auction
    7th December 2017
  • Rent
    £22,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Let to Greggs Plc until 2031 (subject to option)
  • Prominent town centre location close to The Regent Centre
  • Nearby occupiers include Boots, Superdrug, Poundland, New Look, M&Co, Subway and Specsavers
  • Lot 52
  • Auction 7th December 2017
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
9 miles west of Cumbernauld, 10 miles north-east of Glasgow City Centre
Roads
A803, A806, M8 and M80
Rail
Lenzie Railway Station
Air
Glasgow Airport
Situation

The property is located on the eastern side of Cowgate, the town's principal retailing thoroughfare, near to its junction with Broadcroft Road. The Regent Centre is located close by and houses retailers including Boots, Poundland and Superdrug. Other nearby occupiers include New Look, Card Factory, M&Co, Semi-Chem, Subway and Specsavers.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
9 miles west of Cumbernauld, 10 miles north-east of Glasgow City Centre
Roads
A803, A806, M8 and M80
Rail
Lenzie Railway Station
Air
Glasgow Airport
Situation

The property is located on the eastern side of Cowgate, the town's principal retailing thoroughfare, near to its junction with Broadcroft Road. The Regent Centre is located close by and houses retailers including Boots, Poundland and Superdrug. Other nearby occupiers include New Look, Card Factory, M&Co, Semi-Chem, Subway and Specsavers.

Tenure

Heritable. (Scottish equivalent of 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.

Note

VAT (continued): If the buyer meets the requirements, the sale will be a Transfer of a Going Concern (TOGC).

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.

Note

VAT (continued): If the buyer meets the requirements, the sale will be a Transfer of a Going Concern (TOGC).

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 Reviews
Ground Retail/Ancillary
111.83 sq m
(1,204 sq ft)
Greggs Plc (1) 15 years from
18/11/2016 until
17/11/2031 on a full
repairing and
insuring lease (2)
£22,500 18/11/2021 &
18/11/2026
Totals
111.83 sq m
(1,204 sq ft)
    £22,500  

(1) Greggs was established over 75 years ago and now operates from over 1,800 shops throughout the UK (www.greggs.co.uk). For the year ending 31st December 2017, Greggs Plc reported a turnover of £894,195,000, pre-tax profits of £80,319,000 and a total net worth of £250,406,000 (Source: Experian Group 08/11/2017).
(2) The lease provides for a tenant option to determine on 18th November 2026.

Property Documents

  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    757 KB
    View PDF
  • Site Plan
    Updated Date
    15.11.17
    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
Fitzpatrick and Co 135 Wellington Street
Glasgow
G2 2XD
Richard Fitzpatrick 0141 204 2200rf@fitzpatrickandco.co.uk

Useful Links

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

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