14 Bank Street Airdrie Lanarkshire ML6 6AF

14 Bank Street
Airdrie
Lanarkshire
ML6 6AF

Heritable Retail Investment

  • Prominent retail unit let to TCCT Retail Ltd on a new 5 year lease renewal
  • On-street car parking outside the property
  • Nearby occupiers include Boots the Chemist, Clydesdale Bank and Semi-Chem
  • New five year lease and rebased rent
  • Lot
    111
  • Auction
    18th October 2018
  • Rent
    £11,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £92,500
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Prominent retail unit let to TCCT Retail Ltd on a new 5 year lease renewal
  • On-street car parking outside the property
  • Nearby occupiers include Boots the Chemist, Clydesdale Bank and Semi-Chem
  • New five year lease and rebased rent
  • Lot 111
  • Auction 18th October 2018
  • Rent
  • Status Sold
  • Price £92,500
  • Sector
    High Street Retail
  • 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 position at the junction of the busy Bank Street and Anderson Street, in the heart of Airdrie town centre. Nearby occupiers include The Post Office, JD Wetherspoon and Clydesdale Bank.

Tenure

Heritable. (Scottish equivalent of English Freehold).

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 position at the junction of the busy Bank Street and Anderson Street, in the heart of Airdrie town centre. Nearby occupiers include The Post Office, JD Wetherspoon and Clydesdale Bank.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a ground floor shop unit which forms part of a larger tenement building (the upper floors are in separate ownership).

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Jarvis 0131 552 5191.

EPC

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

Description

The property comprises a ground floor shop unit which forms part of a larger tenement building (the upper floors are in separate ownership).

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Jarvis 0131 552 5191.

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 and
Ancillary
67.54 sq m
(727 sq ft)
TCCT RETAIL
LIMITED t/a
Thomas Cook (1)
5 years from
27/10/2018 on a full
repairing and insuring
lease (2) (3)
£11,000 27/10/2023
Total
67.54 sq m
(727 sq ft)
    £11,000  

(1) The Thomas Cook Group began their travel company in 1841. Today, the company has approximately 22,000 employees and operates from 16 countries (Source: www.thomascookgroup.com 19/09/2018).
(2) The lease provides a tenant break option on 26/10/2021.
(3) The tenant is currently holding over on a previous lease at £15,000. A new contract has been entered into as per the above terms.
The new lease provides a rent-free period from 27/10/2018 expiring 26/01/2019. The seller has agreed to adjust the completion monies so that the unit effectively produces £11,000 p.a. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    05.11.19
    File Size
    656 KB
    View PDF
  • Site Plan
    Updated Date
    05.11.19
    File Size
    2 MB
    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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