68 - 74 Kirk Road Wishaw North Lanarkshire ML2 7BL

  • 68 - 74 Kirk Road<br>Wishaw<br>North Lanarkshire<br>ML2 7BL

68 - 74 Kirk Road
Wishaw
North Lanarkshire
ML2 7BL

Substantial Retail Investment

  • Let to Infinity (Scotland) Ltd until 2030 (no breaks)
  • Prominent frontage in Town Centre location, close to Main Street
  • Diagonally opposite Mecca Bingo
  • Other nearby occupiers include JD Wetherspoon and Lloyds Pharmacy
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    52
  • Auction
    16th February 2017
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Substantial Retail Investment

  • Let to Infinity (Scotland) Ltd until 2030 (no breaks)
  • Prominent frontage in Town Centre location, close to Main Street
  • Diagonally opposite Mecca Bingo
  • Other nearby occupiers include JD Wetherspoon and Lloyds Pharmacy
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 52
  • Auction 16th February 2017
  • Rent £25,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • 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
18 miles south-east of Glasgow
Roads
M8, M74, A71, A73
Rail
Wishaw Rail
Air
Glasgow Airport
Situation

The property comprises a corner unit situated in Wishaw town centre on the south side of Kirk Road, close to its junction with Main Street. Nearby occupiers include JD Wetherspoon, Mecca Bingo and Lloyds Pharmacy.

Tenure

Virtual Freehold. Held for a term of 999 years from 11th November 1862 until 10th November 2861 at a rent of £2.04 p.a. VAT

Location
Miles
18 miles south-east of Glasgow
Roads
M8, M74, A71, A73
Rail
Wishaw Rail
Air
Glasgow Airport
Situation

The property comprises a corner unit situated in Wishaw town centre on the south side of Kirk Road, close to its junction with Main Street. Nearby occupiers include JD Wetherspoon, Mecca Bingo and Lloyds Pharmacy.

Tenure

Virtual Freehold. Held for a term of 999 years from 11th November 1862 until 10th November 2861 at a rent of £2.04 p.a. VAT

Description

The property comprises a substantial single storey detached retail unit fronting Kirk Road.

VAT

VAT is applicable to this lot.

Viewings

Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.

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 substantial single storey detached retail unit fronting Kirk Road.

VAT

VAT is applicable to this lot.

Viewings

Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.

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
Ground Retail
331.93 sq m
(3,573 sq ft)
 INFINITY
(SCOTLAND)
LTD (with
personal
guarantee)		 25 years from 31/03/2005
until 30/03/2030 on a full
repairing and insuring lease		 £25,000 (1) 31/03/2020
and
31/03/2025
Totals  
331.93 sq m
(3,573 sq ft)
     £25,000 (1)  

(1) The rent as stated in the lease is £33,000 pa. A concessionary rent of £25,000 p.a. has been agreed with the tenant.

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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