Heritable Retail Investment
Heritable Retail Investment
The property occupies a prominent and busy position on the north side of Stewarton Street which forms a continuation of Main Street, the main retailing street in Wishaw and at the centre of the town. Nearby occupiers include Lloyds TSB, Betfred, Pizza Hut, William Hill and Clydesdale Bank.
Heritable. (Scottish equivalent of English freehold)
The property occupies a prominent and busy position on the north side of Stewarton Street which forms a continuation of Main Street, the main retailing street in Wishaw and at the centre of the town. Nearby occupiers include Lloyds TSB, Betfred, Pizza Hut, William Hill and Clydesdale Bank.
Heritable. (Scottish equivalent of English freehold)
The property comprises a ground floor retail unit benefiting from a substantial frontage.
VAT is not 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 ground floor retail unit benefiting from a substantial frontage.
VAT is not 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 | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground |
Retail | 189.00 sq m |
(1,991 sq ft) |
LADBROKES BETTING AND GAMING LIMITED (2) |
15 years from 23/11/2009 until 22/11/2024 (1) |
£32,500 | 22/11/2024 |
| Totals | 189.00 sq m |
(1,991 sq ft) |
£32,500 | ||||
(1) The lease provides for a tenant option to determine the lease on 22/11/2019 subject to six months written notice.
(2) In 2016 Ladbrokes merged with Gala Coral to become the Ladbrokes Coral Group (source: www.ladbrokescoralplc.com 16/06/2017). For the year ending 31st December 2015, Ladbrokes Betting and Gaming Limited reported a turnover of £830,679,000, a pre-tax profit of £49,866,000 and Net worth of £1,191,903,000. (Source : Experian Group 19/06/2016)
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