Unit 11 Burnbank Centre Hamilton South Lanarkshire ML3 0NA

  • Unit 11 Burnbank Centre<br>Hamilton<br>South Lanarkshire<br>ML3 0NA

Unit 11 Burnbank Centre
Hamilton
South Lanarkshire
ML3 0NA

Prominent Betting Shop Investment

  • Let to Ladbrokes Betting & Gaming Limited until August 2026 (subject to option)
  • Prominent Betting Unit just off Burnbank Road (A724)
  • Nearby occupiers include Co-operative Foodstore and Lloyds Pharmacy
  • Producing £20,000 p.a.x. (gross) £14,700 p.a.x. (net)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    63
  • Auction
    8th December 2016
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £145,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Prominent Betting Shop Investment

  • Let to Ladbrokes Betting & Gaming Limited until August 2026 (subject to option)
  • Prominent Betting Unit just off Burnbank Road (A724)
  • Nearby occupiers include Co-operative Foodstore and Lloyds Pharmacy
  • Producing £20,000 p.a.x. (gross) £14,700 p.a.x. (net)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 63
  • Auction 8th December 2016
  • Rent £20,000 per Annum Exclusive
  • Status Sold
  • Price £145,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
11 miles south east of Glasgow
Roads
A724, A725, M74
Rail
Hamilton West Rail (23 mins to Glasgow Central)
Air
Glasgow International Airport
Situation

Hamilton is a historic town some 11 miles south east of Glasgow. The property occupies a prominent pitch within the Burnbank district to the north west of the town centre, just off Burnbank Road (A724). Nearby occupiers include Cooperative Foodstore and Lloyds Pharmacy.

Tenure

Long Leasehold. Held from South Lanarkshire Council for a term of 125 years expiring 28/11/2098 at a current rent of £5,300 p.a. with the next review on 28/05/2025 and 10 yearly thereafter. No increase was implemented at the 2005 and 2015 review dates.

Location
Miles
11 miles south east of Glasgow
Roads
A724, A725, M74
Rail
Hamilton West Rail (23 mins to Glasgow Central)
Air
Glasgow International Airport
Situation

Hamilton is a historic town some 11 miles south east of Glasgow. The property occupies a prominent pitch within the Burnbank district to the north west of the town centre, just off Burnbank Road (A724). Nearby occupiers include Cooperative Foodstore and Lloyds Pharmacy.

Tenure

Long Leasehold. Held from South Lanarkshire Council for a term of 125 years expiring 28/11/2098 at a current rent of £5,300 p.a. with the next review on 28/05/2025 and 10 yearly thereafter. No increase was implemented at the 2005 and 2015 review dates.

Description

The property comprises a prominent detached property.

VAT

VAT is not applicable to this lot.

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 prominent detached property.

VAT

VAT is not applicable to this lot.

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 Review/(Reversion)
Ground Betting Office
179.21 sq m
(1,929 sq ft)
 LADBROKES
BETTING & GAMING
LIMITED		 Approx 20 years 5 months from
07/04/2006 (2)		 £20,000 28/08/2021
(27/08/2026)
Totals  
179.21 sq m
(1,929 sq ft)
     £20,000  

(1) For the year ending 31st December 2015, Ladbrokes Betting & Gaming Limited reported a turnover of £830,679,000, pre-tax profits of £49,866,000 and a total net worth of £1,191,903,000 (Source: Experian Group 09/11/2016).
(2) For the purpose of clarification the current lease is for a term of 15 years until 6th April 2021. The lease has been extended to expire on 27th August 2026 with a tenant option to determine on 28th August 2021, subject to 6 months’ notice.

Contacts

Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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