Atholl House 55 Bannatyne Street Lanark South Lanarkshire ML11 7NR

Atholl House
55 Bannatyne Street
Lanark
South Lanarkshire
ML11 7NR

Heritable Government Let Office Investment

Entirely let to The Secretary of State for Work and Pensions
Prominent corner position on busy main road
Immediately adjacent to Lanark Railway and Bus Stations
Nearby occupiers include Morrisons Supermarket, William Hill and TSB Bank
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
61
Auction
25th May 2017
Rent
£59,100 per Annum Exclusive
Status
Sold
Price
£335,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Heritable Government Let Office Investment

Entirely let to The Secretary of State for Work and Pensions
Prominent corner position on busy main road
Immediately adjacent to Lanark Railway and Bus Stations
Nearby occupiers include Morrisons Supermarket, William Hill and TSB Bank
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 61
Auction 25th May 2017
Rent £59,100 per Annum Exclusive
Status Sold
Price £335,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 30 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads: A70, A73, M74
Rail: Lanark Railway Station (Approx. 1 hour 10 mins to Glasgow)
Air: Glasgow International Airport

Situation

The property occupies a prominent corner position on the north side of Bannatyne Street, directly adjacent to Lanark Railway and Bus Stations. Nearby occupiers include Morrisons Supermarket, TSB Bank and William Hill.

Tenure

Heritable. (Scottish equivalent of English freehold).

Location

Miles: 30 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads: A70, A73, M74
Rail: Lanark Railway Station (Approx. 1 hour 10 mins to Glasgow)
Air: Glasgow International Airport

Situation

Tenure

Heritable. (Scottish equivalent of English freehold).

Description

The property comprises a standalone office building arranged over ground and two upper floors. The office accommodation is a mix of open plan and cellular offices. There is undercroft parking for approximately 10 cars at ground floor level.

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

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	Reversion
Ground First Second	Office Office Office	135.60 sq m 334.60 sq m 371.30 sq m	(1,459 sq ft) (3,602 sq ft) (3,997 sq ft)	THE SECRETARY OF STATE FOR WORK AND PENSIONS (1)	Approx. 46 years from 15/07/1972	£59,100	01/04/2018
Total		841.50 sq m	(9,058 sq ft)			£59,100

(1) The Secretary of State has overall responsibility for the Department for Work and Pensions (DWP). DWP is responsible for the administration of the State Pension and working age benefits system, providing support to people of working age, employers, pensioners, families and children and disabled people (www.gov.uk).