27 Hamilton Way Greenock Inverclyde PA15 1RG

27 Hamilton Way
Greenock
Inverclyde
PA15 1RG

Retail Investment let to Boots until 2072 (no breaks)

Let to Boots Properties Limited on an FRI lease until 2072 (53 years unexpired - NO BREAKS)
Located within popular Oak Mall Shopping Centre
Other occupiers in shopping centre include Primark, Wilko, Costa, JD Sports, Holland & Barrett and Greggs

Lot
26
Auction
14th February 2019
Rent
£88,200 per Annum Exclusive
Status
Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Fund Manager

Important Update

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Retail Investment let to Boots until 2072 (no breaks)

Let to Boots Properties Limited on an FRI lease until 2072 (53 years unexpired - NO BREAKS)
Located within popular Oak Mall Shopping Centre
Other occupiers in shopping centre include Primark, Wilko, Costa, JD Sports, Holland & Barrett and Greggs

Lot 26
Auction 14th February 2019
Rent £88,200 per Annum Exclusive
Status Sold Post
Price
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: 2 miles west of Port Glasgow; 25 miles west of Glasgow
Roads: A8, A78, M8
Rail: Greenock Central, Cartsdyke and Whinhill Railway; Stations (31 minutes to Glasgow Central)
Air: Glasgow International Airport

Situation

Greenock has a diverse economy, including construction and utilities, manufacturing, retailing and public sector. The town has a population in the region of 42,000 people and a primary catchment of approximately 100,000 people. The property forms part of the Oak Mall Shopping Centre, a fully enclosed 283,000 sq ft shopping centre which is located at the eastern end of West Blackhall Street, in the heart of Greenock town centre. Major tenants within the shopping centre include Primark, Wilko, Boots the Chemist, Costa, Holland & Barrett and Superdrug.

Tenure

Heritable. (Scottish equivalent of an English freehold).

Location

Miles: 2 miles west of Port Glasgow; 25 miles west of Glasgow
Roads: A8, A78, M8
Rail: Greenock Central, Cartsdyke and Whinhill Railway; Stations (31 minutes to Glasgow Central)
Air: Glasgow International Airport

Situation

Tenure

Heritable. (Scottish equivalent of an English freehold).

Description

The property forms part of the Oak Mall Shopping Centre and comprises a ground floor retail unit with first floor ancillary accommodation.

VAT

VAT is 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 forms part of the Oak Mall Shopping Centre and comprises a ground floor retail unit with first floor ancillary accommodation.

VAT

VAT is 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	Reviews
Ground First	Retail Ancillary	244.40 sq m 222.40 sq m	(2,631 sq ft) (2,394 sq ft)	BOOTS PROPERTIES LIMITED (1) sublet to GR and MM Blackledge Plc t/a Bodycare (2)	99 years from 14/05/1973 until 15/05/2072 on a full repairing and insuring lease	£88,200	15/05/2036 15/05/2057
Total		466.80 sq m	(5,025 sq ft)			£88,200

(1) For the year ending 31st August 2017, Boots Properties Limited reported a turnover of £28,900,000, pre-tax profits of £48,900,000 and a total net worth of £402,400,000 (Source: Experian Group 11/01/2019).
(2) The property has been sublet to GR and MM Blackledge Plc t/a Bodycare until 15th May 2072 at a passing rent of £88,200 p.a.x. For the year ending 31st December 2017, GR and MM Blackledge Plc reported a turnover of £134,044,509, pre-tax profits of £2,739,038 and a total net worth of £29,873,192 (Source: Experian Group 11/01/2019).