30 Quarry Street Hamilton Lanarkshire ML3 7AR

  • 30 Quarry Street<br>Hamilton<br>Lanarkshire<br>ML3 7AR

30 Quarry Street
Hamilton
Lanarkshire
ML3 7AR

Heritable Retail Investment

  • Let to Shelter until 2023 (subject to option)
  • Prime pedestrianised pitch
  • Opposite entrance to the Regent Shopping Centre
  • Nearby occupiers include Primark, The Money Shop, Thomson and Greggs.
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    79
  • Auction
    30th March 2017
  • Rent
    £13,000 per Annum Exclusive
  • Status
    Sold Prior
  • 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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Heritable Retail Investment

  • Let to Shelter until 2023 (subject to option)
  • Prime pedestrianised pitch
  • Opposite entrance to the Regent Shopping Centre
  • Nearby occupiers include Primark, The Money Shop, Thomson and Greggs.
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 79
  • Auction 30th March 2017
  • Rent £13,000 per Annum Exclusive
  • Status Sold Prior
  • 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
10 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads
M74, M8, A72, A723
Rail
Hamilton Central, Hamilton West
Air
Glasgow International Airport, Edinburgh Airport
Situation

Hamilton is the county town of Lanarkshire and has strong communications via the M74. The property is situated in the town centre, opposite an entrance to Regent Shopping Centre, on the pedestrianised Quarry Street. Nearby occupiers include Primark, The Money Shop, Thomson and Greggs.

Tenure

Heritable. (Scottish equivalent to English Freehold).

Location
Miles
10 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads
M74, M8, A72, A723
Rail
Hamilton Central, Hamilton West
Air
Glasgow International Airport, Edinburgh Airport
Situation

Hamilton is the county town of Lanarkshire and has strong communications via the M74. The property is situated in the town centre, opposite an entrance to Regent Shopping Centre, on the pedestrianised Quarry Street. Nearby occupiers include Primark, The Money Shop, Thomson and Greggs.

Tenure

Heritable. (Scottish equivalent to English Freehold).

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation which forms part of a larger building.

VAT

VAT is 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 ground floor retail unit with first floor ancillary accommodation which forms part of a larger building.

VAT

VAT is 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
Ground
First
 Retail Ancillary
74.92 sq m
24.19 sq m
(806 sq ft)
(260 sq ft)
 SHELTER (1)
 Approx 25 years from 12/06/1998 until 27/05/2023 (2)
 £13,000
 28/05/2018
Total  
99.11 sq m
(1,066 sq ft)
     £13,000
  

(1) Shelter Scotland is a charity set up in 1968 that works to alleviate the distress caused by homelessness and bad housing. They now have over 35 stores across Scotland (Source: scotland.shelter.org.uk 28/02/2017).
(2) The lease provides a tenant option to determine on 27/05/2018 subject to six 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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