Let to Kwik-Fit (GB) Limited, guaranteed by Kwik-Fit Holdings Limited on a lease expiring 2029 (NO BREAKS)
Minimum uplifts in 2019 to £52,474 p.a. and 2024 to £55,150 p.a.
Nearby occupiers include Subway, RBS and Lidl (due to open November 2018)
Lot 36
Auction 18th October 2018
Rent £49,923 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Motor Trade/Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles south of Glasgow city centre, 6 miles north-west of East Kilbride, 6 miles south-east of Paisley
Roads
M77, A77
Rail
Giffnock Railway Station
Air
Glasgow Airport
Situation
Glasgow city centre, 6 miles north-west of East Kilbride and 6 miles south-east of Paisley. The property is located on the A77 (Fenwick Road), which connects Glasgow city to the north to the M77 to the south. The property is in a prominent location on Fenwick Road, at its junction with
Barrland Drive. Occupiers nearby include Subway, RBS, Pharmacy, Lidl (due to open November 2018) and a number of local traders.
Tenure
Heritable.
Location
Miles
5 miles south of Glasgow city centre, 6 miles north-west of East Kilbride, 6 miles south-east of Paisley
Roads
M77, A77
Rail
Giffnock Railway Station
Air
Glasgow Airport
Situation
Glasgow city centre, 6 miles north-west of East Kilbride and 6 miles south-east of Paisley. The property is located on the A77 (Fenwick Road), which connects Glasgow city to the north to the M77 to the south. The property is in a prominent location on Fenwick Road, at its junction with
Barrland Drive. Occupiers nearby include Subway, RBS, Pharmacy, Lidl (due to open November 2018) and a number of local traders.
Tenure
Heritable.
Description
The property comprises a ground floor tyre depot with reception area and ancillary storage accommodation. The property benefits from three roller shutter doors and a forecourt to park 15 cars.
VAT
VAT is applicable to this lot.
Viewings
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 tyre depot with reception area and ancillary storage accommodation. The property benefits from three roller shutter doors and a forecourt to park 15 cars.
VAT
VAT is applicable to this lot.
Viewings
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
Reviews (2)
Ground
Worksop, Reception & Ancillary
371 sq m
(3,994 sq ft)
KWIK-FIT (GB) LIMITED (1) guaranteed by Kwik- Fit Holdings Limited
25 years from 11/06/2004 on a full repairing and insuring lease
(1) For the year ended 31st March 2017, Kwik-Fit (GB) Limited reported a turnover of £454,846,000, pre-tax profits of £18,605,000 and a net worth of £77,658,000 (Source: Experian 20/03/2018). Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 800 centres in the UK (Source: www.kwikfit.com). (2) The lease provides for five yearly rent reviews with a minimum uplift to 105.101% of the passing rent or the OMRV.
