Let to Ladbrokes Betting and Gaming Limited until 2024 (subject to option)
Located on the main retailing street in Wishaw
Neighbouring occupiers include William Hill, Betfred, Pizza Hut and Lloyds TSB
Lot 68
Auction 13th July 2017
Rent £32,500 per Annum Exclusive
Status Sold
Price £270,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles south-east of Glasgow
Roads
A71, A73, M8, M74
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
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.
Tenure
Heritable. (Scottish equivalent of English freehold)
Location
Miles
18 miles south-east of Glasgow
Roads
A71, A73, M8, M74
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
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.
Tenure
Heritable. (Scottish equivalent of English freehold)
Description
The property comprises a ground floor retail unit benefiting from a substantial frontage.
VAT
VAT is not 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 benefiting from a substantial frontage.
VAT
VAT is not 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
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)
