Nearby occupiers include Subway, Optical Express, Cancer Research UK, William Hill, Poundstretcher and Lloyds Pharmacy
Lot 58
Auction 28th March 2018
Rent £22,500 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles south-east of Glasgow, 33 miles west of Edinburgh
Roads
A721, A775, M74, M8
Rail
Bellshill Railway Station
Air
Glasgow Airport, Edinburgh Airport
Situation
Bellshill, a predominantly residential suburb, is located 9 miles south-east of Glasgow. The property is located on the east side of Hamilton road (A721), on the main commercial pitch, 200 metres from Bellshill Railway Station. Nearby occupiers include Subway, Optical Express, Cancer Research UK, William Hill, Poundstretcher and Lloyds Pharmacy.
Tenure
Heritable.
Location
Miles
9 miles south-east of Glasgow, 33 miles west of Edinburgh
Roads
A721, A775, M74, M8
Rail
Bellshill Railway Station
Air
Glasgow Airport, Edinburgh Airport
Situation
Bellshill, a predominantly residential suburb, is located 9 miles south-east of Glasgow. The property is located on the east side of Hamilton road (A721), on the main commercial pitch, 200 metres from Bellshill Railway Station. Nearby occupiers include Subway, Optical Express, Cancer Research UK, William Hill, Poundstretcher and Lloyds Pharmacy.
Tenure
Heritable.
Description
The property comprises ground floor retail accommodation which forms part of a larger building.
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 ground floor retail accommodation which forms part of a larger building.
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
Review
Ground
Retail
161.13 sq m
(1,734 sq ft)
GREGGS PLC (1)
10 years from 29/08/2016 until 28/08/2031 (2)
£22,500
29/08/2021 and 2026
Total
161.13 sq m
(1,734 sq ft)
£22,500
(1) For the year ending 31st December 2016, Greggs Plc reported a turnover of £894,195,000, a pre tax profit of £80,319,000 and a total net worth of £250,406,000 (Source: Experian Group 7/2/2018). (2) The lease provides for a tenant option to determine the lease on the tenth anniversary of the term and for the tenant to extend the lease for a further five years.
