376 Muir Street Motherwell North Lanarkshire ML1 1BX

  • 376 Muir Street<br>Motherwell<br>North Lanarkshire<br>ML1 1BX

376 Muir Street
Motherwell
North Lanarkshire
ML1 1BX

Heritable Retail Investment

  • Let to William Hill Organization Limited
  • Lease expires in August 2023 (by way of recent lease extension) (2)
  • Nearby retailers in Motherwell Shopping Centre include Primark, Boots the Chemist, JD Sports, Wilko, Costa Coffee and Iceland Foods
  • 0.3 miles from Motherwell Station and opposite Royal Mail Sorting Office and Army Reserve Centre
  • VAT-free investment
  • Lot
    62
  • Auction
    11th July 2019
  • Rent
    £7,100 per Annum Exclusive
  • Status
    Sold
  • Price
    £80,000
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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Heritable Retail Investment

  • Let to William Hill Organization Limited
  • Lease expires in August 2023 (by way of recent lease extension) (2)
  • Nearby retailers in Motherwell Shopping Centre include Primark, Boots the Chemist, JD Sports, Wilko, Costa Coffee and Iceland Foods
  • 0.3 miles from Motherwell Station and opposite Royal Mail Sorting Office and Army Reserve Centre
  • VAT-free investment
  • Lot 62
  • Auction 11th July 2019
  • Rent £7,100 per Annum Exclusive
  • Status Sold
  • Price £80,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
3 miles east of Hamilton
15 miles south-east of Glasgow
Roads
A723, M8, M74
Rail
Motherwell Station
Air
Glasgow Airport
Situation

Motherwell is located some 15 miles south-east of Glasgow, on the River Clyde. Motherwell benefits from excellent connections to Glasgow and the South via the M8 and M74. The property is located on the west side of Muir Street (A721), just a short walk to Motherwell Train Station with direct services to London Euston in just over four hours. Nearby retailers represented in Motherwell Shopping Centre include Primark, Boots the Chemist, JD Sports, Wilko, Costa Coffee and Iceland Foods.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
3 miles east of Hamilton
15 miles south-east of Glasgow
Roads
A723, M8, M74
Rail
Motherwell Station
Air
Glasgow Airport
Situation

Motherwell is located some 15 miles south-east of Glasgow, on the River Clyde. Motherwell benefits from excellent connections to Glasgow and the South via the M8 and M74. The property is located on the west side of Muir Street (A721), just a short walk to Motherwell Train Station with direct services to London Euston in just over four hours. Nearby retailers represented in Motherwell Shopping Centre include Primark, Boots the Chemist, JD Sports, Wilko, Costa Coffee and Iceland Foods.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a single storey detached building trading as a betting shop.

VAT

VAT is not applicable to this lot.

Note

The buyer will pay 2% + VAT of the purchase price towards the Vendor's costs, in addition to the cost of searches.

EPC

Available from the legal pack at acuitus.co.uk

Description

The property comprises a single storey detached building trading as a betting shop.

VAT

VAT is not applicable to this lot.

Note

The buyer will pay 2% + VAT of the purchase price towards the Vendor's costs, in addition to the cost of searches.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground Betting Shop
71.00 sq m
(765 sq ft)
 WILLIAM HILL
ORGANIZATION
LIMITED (1)		 30 years from
28/08/1993 until
27/08/2023 (2)		 £7,100
Total
71.00 sq m
(765 sq ft)
     £7,100

(1) William Hill was founded in 1934 and now employs over 15,500 people in 12 countries. William Hill is the UK's largest land-based bookmaker with 2,319 licensed betting shops in the UK.
(2) The lease was extended in August 2018 for a term of 5 years with a tenant only option to determine on 27th August 2021. The rent prior to the lease extension was also £7,100 per annum.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Morton Fraser LLP Quartermile Two, 2 Lister Square
Edinburgh
City of Edinburgh
EH3 9GL
Isabel MacSwan 0131 247 1216Isabel.macswan@morton-fraser.com

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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