Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles west of Edinburgh, 27 miles east of Glasgow
Roads
A89, M8 (Junction 3A)
Rail
Bathgate Railway Station
Air
Edinburgh Airport
Situation
The property is situated in a prominent position on the south side of Hopetoun Street near its junction with George Street, Bathgate’s principal pedestrianised retail thoroughfare. Nearby occupiers include Boots Optician, Ladbrokes, RBS Bank and BHF.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Location
Miles
18 miles west of Edinburgh, 27 miles east of Glasgow
Roads
A89, M8 (Junction 3A)
Rail
Bathgate Railway Station
Air
Edinburgh Airport
Situation
The property is situated in a prominent position on the south side of Hopetoun Street near its junction with George Street, Bathgate’s principal pedestrianised retail thoroughfare. Nearby occupiers include Boots Optician, Ladbrokes, RBS Bank and BHF.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first floor (including accommodation formerly used as a flat). The property benefits from access to the
rear via Hopetoun Lane.
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 available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first floor (including accommodation formerly used as a flat). The property benefits from access to the
rear via Hopetoun Lane.
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 available here.
VAT
VAT is not applicable to this lot.
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 First
Retail/Ancillary Ancillary
325.00 sq m 227.32 sq m
(3,498 sq ft) (2,447 sq ft)
MACKAYS STORES LIMITED (t/a M&Co.) (1)
Approx 25 years and 8 months from 18/05/2007 until 31/01/2033 on a full repairing and insuring lease (2) (3)
£28,000
18/05/2017 18/05/2022 18/05/2027
Totals
552.32 sq m
(5,945 sq ft)
£28,000
(1) For the year ending 21/02/2014, Mackays Stores Limited reported a turnover of £158,289,000, pre-tax profits of £2,000 and a total net worth of £29,482,000. (Source: www.riskdisk.com 07/04/2015) M & Co has grown organically from a small family business of just 6 stores and now amounts to almost 300. We currently employ more than 3,900 staff, with 3,500 of those based in-store. (Source: www.mandco.com/corporate/our-history/our-history/our-history.html) (2)The tenant has an option to determine the lease following settlement of the May 2017, 2022 and 2027 rent reviews. (3)The lease is subject to a schedule of condition.
