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
    14/Feb/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 Auction & Property Update
  • 27 Hamilton Way<br>Greenock<br>Inverclyde<br>PA15 1RG
  • Expand
  • Photos
  • Map

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

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).

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
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
£88,20015/05/2036
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).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    12.02.19
    File Size
    40 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    761 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Calum Raine 0131 474 2302 E 553302Calum.Raine@dwf.law

Useful Links

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