Let to William Hill Organization Limited until 2030 (subject to option)
Located on the main retailing street in Wishaw
Neighbouring occupiers include Ladbrokes, Betfred, Pizza Hut and TSB
Opposite Cross Keys Public House
VAT-free investment
Lot 50
Auction 23rd May 2019
Rent £32,000 per Annum Exclusive
Status Sold
Price £280,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
18 miles south-east of Glasgow
38 miles south-west of Edinburgh
Roads
A71, A73, M8, M74
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
The property occupies a prominent and busy position on the north side of Stewarton Street which forms a continuation of Main Street, at the centre of the town. Nearby occupiers include TSB, Betfred, Pizza Hut, Ladbrokes and Clydesdale Bank with Savers, Poundland, Iceland, Boots Opticians and JD Wetherspoon also represented in the town.
Tenure
Heritable. (Scottish Equivalent of Freehold)
Location
Miles
18 miles south-east of Glasgow
38 miles south-west of Edinburgh
Roads
A71, A73, M8, M74
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
The property occupies a prominent and busy position on the north side of Stewarton Street which forms a continuation of Main Street, at the centre of the town. Nearby occupiers include TSB, Betfred, Pizza Hut, Ladbrokes and Clydesdale Bank with Savers, Poundland, Iceland, Boots Opticians and JD Wetherspoon also represented in the town.
Tenure
Heritable. (Scottish Equivalent of Freehold)
Description
The property comprises a two storey property with ground floor retail benefiting from a substantial frontage.
The first floor is sublet to a gym operator.
VAT
VAT is not applicable to this lot.
Viewings
Please contact Mhairi Jarvis (07718 899 341)
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a two storey property with ground floor retail benefiting from a substantial frontage.
The first floor is sublet to a gym operator.
VAT
VAT is not applicable to this lot.
Viewings
Please contact Mhairi Jarvis (07718 899 341)
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Retail Gym
202.10 sq m 180.08 sq m
(2,175 sq ft) (1,938 sq ft)
WILLIAM HILL ORGANIZATION LIMITED (1) (2)
15 years from 22/04/2015 (3) on a full repairing and insuring lease
£32,000
2025
Total
382.18 sq m
(4,113 sq ft)
£32,000
(1) The ultimate holding company is William Hill Plc and William Hill trades from over 2,300 locations nationwide (Source: www.williamhill.com). (2) The first floor is sublet and trades as a gym. (3) Tenants option to determine in 2025 on 6 months' prior written notice.
