25 / 29 Hopetoun Street Bathgate West Lothian EH48 4PA

25 / 29 Hopetoun Street
Bathgate
West Lothian
EH48 4PA

Heritable Retail Investment

Let to Mackays Stores Ltd t/a M & Co until 2033 (subject to options)
Approximately 552.32 sq m (5,945 sq ft)
Town centre location close to George Street, Bathgate’s principal retail thoroughfare
Nearby occupiers include Boots Optician, Ladbrokes, RBS Bank and BHF
VAT – free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
55
Auction
21st May 2015
Rent
£28,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Heritable Retail Investment

Let to Mackays Stores Ltd t/a M & Co until 2033 (subject to options)
Approximately 552.32 sq m (5,945 sq ft)
Town centre location close to George Street, Bathgate’s principal retail thoroughfare
Nearby occupiers include Boots Optician, Ladbrokes, RBS Bank and BHF
VAT – free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 55
Auction 21st May 2015
Rent £28,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
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

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

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.