Freehold Retail Investment
Freehold Retail Investment
Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with access provided by the M8 Motorway. The area has a resident population of approximately 100,000 persons and a catchment of 30,000 within 8 miles of the town. The property is situated in a prominent trading position in the heart of the town centre on the east side of South Bridge Street and adjacent to a free public car park. Nearby occupiers include Timpson, Bank of Scotland, Boots, Burton and a variety of local traders.
Heritable. (Scottish equivalent of English freehold).
Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with access provided by the M8 Motorway. The area has a resident population of approximately 100,000 persons and a catchment of 30,000 within 8 miles of the town. The property is situated in a prominent trading position in the heart of the town centre on the east side of South Bridge Street and adjacent to a free public car park. Nearby occupiers include Timpson, Bank of Scotland, Boots, Burton and a variety of local traders.
Heritable. (Scottish equivalent of English freehold).
The property comprises a large self-contained retail unit arranged over ground and first floors within a substantial two storey building under a flat roof. The unit also benefits from a yard at the rear which provides service access. Internally, the unit has been fitted out in the corporate style of the tenant, British Heart Foundation.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a large self-contained retail unit arranged over ground and first floors within a substantial two storey building under a flat roof. The unit also benefits from a yard at the rear which provides service access. Internally, the unit has been fitted out in the corporate style of the tenant, British Heart Foundation.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Retail |
502.60 sq m 517 sq m |
5,410 sq ft 5,565 sq ft |
BRITISH HEART FOUNDATION (1) |
15 years from 01/10/2008 to 30/09/2023 on a full repairing and insuring lease |
£50,000 | 01/10/2018 (2) |
| Totals | 1,019.60 sq m |
10,975 sq ft |
£50,000 | ||||
(1) The British Heart Foundation was founded in 1961 and is the UK's leading heart charity with over 730 retail outlets across the UK. (Source: www.bhf.org.uk 03/11/2016).
(2) There is a tenant break option on 01/10/2018 subject to providing 6 months’ written notice. Furthermore, there is an upwards only rent review on 01/10/2018.
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