17/23 Bank Street & 1-3 Anderson Street Airdrie Lanarkshire ML6 6AF

17/23 Bank Street & 1-3 Anderson Street
Airdrie
Lanarkshire
ML6 6AF

Substantial Bank and Retail Investment

  • Unbroken parade of six retail units
  • Approximately 12,084 sq ft of commercial area
  • Prominent town centre location
  • Nearby occupiers include Boots the Chemist, Burton and Betfred
  • Lot
    91
  • Auction
    18th October 2018
  • Rent
    £84,110 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Substantial Bank and Retail Investment

  • Unbroken parade of six retail units
  • Approximately 12,084 sq ft of commercial area
  • Prominent town centre location
  • Nearby occupiers include Boots the Chemist, Burton and Betfred
  • Lot 91
  • Auction 18th October 2018
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
10 miles east of Glasgow
30 miles west of Edinburgh
Roads
A8, A73, A89, M8
Rail
Airdrie Railway station
(23 minutes to Glasgow Queen Street)
Air
Glasgow Airport
Situation

Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh, with access provided by the M8 Motorway. The property is situated in a prominent corner position at the junction of the busy Bank Street and Anderson Street, in the heart of Airdrie town centre. Nearby
occupiers include Boots the Chemist, Burton and Betfred.

Tenure

Long Leasehold. Held from North Lanarkshire Council for a term of 125 years expiring 9th October 2113 at a current rent of £13,890 per annum, with upward only reviews every five years to 10% of the gross income.

Location
Miles
10 miles east of Glasgow
30 miles west of Edinburgh
Roads
A8, A73, A89, M8
Rail
Airdrie Railway station
(23 minutes to Glasgow Queen Street)
Air
Glasgow Airport
Situation

Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh, with access provided by the M8 Motorway. The property is situated in a prominent corner position at the junction of the busy Bank Street and Anderson Street, in the heart of Airdrie town centre. Nearby
occupiers include Boots the Chemist, Burton and Betfred.

Tenure

Long Leasehold. Held from North Lanarkshire Council for a term of 125 years expiring 9th October 2113 at a current rent of £13,890 per annum, with upward only reviews every five years to 10% of the gross income.

Description

The property comprises an unbroken parade of six retail units with some benefitting from basement and first floor ancillary accommodation. There is car parking and a loading bay at the rear.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an unbroken parade of six retail units with some benefitting from basement and first floor ancillary accommodation. There is car parking and a loading bay at the rear.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x.
(gross)
Review/
(Reversion)
1a Ground Retail/Ancillary
47.47 sq m
511 sq ft
DL DIRECT LIMITED 3 years
from 12/01/2018
£9,000 (11/01/2021)
1b Ground

Basement
First
Retail/
Ancillary
Ancillary
Ancillary
103.19 sq m
50.60 sq m
190.62 sq m
(1,111 sq ft)
(545 sq ft)
(2,051 sq ft)
SCOTTISH MIDLAND
CO-OPERATIVE
SOCIETY LIMITED
(1)
Approx 25
years from
01/10/1990
£9,600 (Rolling
monthly)
2 Ground
Basement
Retail/Ancillary
Ancillary
69.53 sq m
9.74 sq m
(748 sq ft)
(105 sq ft)
BRIAN MICHIE
OPTICIANS LIMITED
30 years from
27/07/1993
£20,000 30/11/2018
(30/11/2023)
3 Ground

Basement
First
Banking
Hall/Ancillary
Ancillary
Ancillary
172.81 sq m
16.91 sq m
149.01 sq m
(1,860 sq ft)
(182 sq ft)
(1,604 sq ft)
CLYDESDALE BANK
PLC (2)
10 years
from
22/12/2016
£33,900 22/12/2021
(21/12/2026)
1
Anderson
Street
Ground Retail/Ancillary
61.80 sq m
(665 sq ft)
ADCENTIV MEDIA
RETAIL LIMITED
5 years from
02/02/2015
£10,500 (01/02/2020)
3
Anderson
Street
Ground Retail/Ancillary
116.41 sq m
(1,253 sq ft)
CHUNKY MONKEYS
COFFEE LIMITED
3 years from
31/03/2017
£15,000 (30/03/2020)
Total
988.09 sq m
(10,635 sq ft)     £98,000  

(1) For the year ending 28th January 2018, Scottish Midland Co-operative Society Limited reported a turnover of £373,712,000, pre-tax profits of £5,958,000 and a total net worth of £79,059,000 (Source: Experian Group 18/09/2018).
(2) Established in 1838, Clydesdale is one of Scotland’s largest banks, with over 70 retail branches (Source: www.cybg.com/ 05/06/2018). The lease provides an option to determine on 22/12/2021.

Property Documents

  • Site Plan
    Updated Date
    26.09.18
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    459 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Jordan Gray 0131 474 2331 Jordan.Gray@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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