73 Cowgate
Kirkintilloch
Glasgow
G66 1HW

Heritable Retail Investment

  • Let to Greggs Plc until 2031 (subject to option)
  • Prominent town centre location close to The Regent Centre
  • Nearby occupiers include Boots, Superdrug, Poundland, New Look, M&Co, Subway and Specsavers
  • Lot
    52
  • Auction
    07/Dec/2017
  • Rent
    £22,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £325,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 73 Cowgate<br>Kirkintilloch<br>Glasgow<br>G66 1HW
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Property Information

Location
Miles
9 miles west of Cumbernauld, 10 miles north-east of Glasgow City Centre
Roads
A803, A806, M8 and M80
Rail
Lenzie Railway Station
Air
Glasgow Airport
Situation

The property is located on the eastern side of Cowgate, the town's principal retailing thoroughfare, near to its junction with Broadcroft Road. The Regent Centre is located close by and houses retailers including Boots, Poundland and Superdrug. Other nearby occupiers include New Look, Card Factory, M&Co, Semi-Chem, Subway and Specsavers.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a ground floor retail unit which forms part of a larger building.

VAT

VAT is applicable to this lot.

Note

VAT (continued): If the buyer meets the requirements, the sale will be a Transfer of a Going Concern (TOGC).

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundRetail/Ancillary
111.83 sq m
(1,204 sq ft)
Greggs Plc (1)15 years from
18/11/2016 until
17/11/2031 on a full
repairing and
insuring lease (2)
£22,50018/11/2021 &
18/11/2026
Totals
111.83 sq m
(1,204 sq ft)
  £22,500 

(1) Greggs was established over 75 years ago and now operates from over 1,800 shops throughout the UK (www.greggs.co.uk). For the year ending 31st December 2017, Greggs Plc reported a turnover of £894,195,000, pre-tax profits of £80,319,000 and a total net worth of £250,406,000 (Source: Experian Group 08/11/2017).
(2) The lease provides for a tenant option to determine on 18th November 2026.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    15.11.17
    File Size
    15 MB
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  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    757 KB
    View PDF
  • Site Plan
    Updated Date
    15.11.17
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Fitzpatrick and Co 135 Wellington Street
Glasgow
G2 2XD
Richard Fitzpatrick 0141 204 2200rf@fitzpatrickandco.co.uk

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