43 Hamilton Way Greenock Renfrewshire PA15 1RQ

  • 43 Hamilton Way<br>Greenock<br>Renfrewshire<br>PA15 1RQ

43 Hamilton Way
Greenock
Renfrewshire
PA15 1RQ

Retail Investment let to Boots until 2072 (no breaks)

  • Let to Boots Properties Limited on an FRI lease until 2075 (56 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
    29
  • Auction
    4th April 2019
  • Rent
    £199,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager
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Retail Investment let to Boots until 2072 (no breaks)

  • Let to Boots Properties Limited on an FRI lease until 2075 (56 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 29
  • Auction 4th April 2019
  • Rent £199,000 per Annum Exclusive
  • Status Withdrawn Prior
  • 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 and Holland & Barrett.

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

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 and Holland & Barrett.

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 and second 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 and second 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 Review
Ground
First
Second		 Retail
Ancillary
Ancillary		 765.00 sq m
524.00 sq m
482.00 sq m		 (8,234 sq ft)
(5,640 sq ft)
(5,188 sq ft)		 BOOTS
PROPERTIES
LIMITED (1)		 Approx 99 years 3
months from
02/02/1976 until
15/05/2075 on a
full repairing and
insuring lease		 £199,000 15/05/2039 and
15/05/2060
Total 1,771.00 sq m
(19,062 sq ft)
  £199,000  

(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 08/03/2019).

Contacts

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

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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