Let to tenant trading as Burger King on extended 20 year lease from September 2018 (no breaks) (2)
Prominent roundabout location at one of the main entrances to the retail park and adjacent to Shell petrol station
Approximately 240.98 sq m (2,594 sq ft) on substantial site
Close to Junction 26 of M8 motorway, 2 miles from Intu Braehead and 4 miles from Glasgow Airport
Lot 20
Auction 11th December 2019
Rent £85,600 per Annum Exclusive
Status Sold
Price £1,255,000
Sector Restaurant
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
6 miles west of Glasgow city centre
53 miles west of Edinburgh
Roads
A739, A761, M8, M77
Rail
Hillington West, Hillington East
Air
Glasgow Airport
Situation
Hillington is a well established trade and industrial location to the west of Glasgow city centre. The property is located on the A736 Hillington Road, benefiting from its proximity to both the city centre and Glasgow Airport, due to its links with the M8 at junction 26. Hillington Park, 1/4 mile west of the property, is Scotland's largest industrial estate and business park and is recognised as a highly acclaimed location for manufacturing, industrial, technology and distribution based business in Scotland and the UK. The property is located adjacent to a Shell petrol station and shop and 2 miles from intu Braehead, with retailers including Nando's, Sports Direct, Waterstones, Apple and Primark. Other nearby occupiers include Ikea, Ducati, Harley-Davidson and car dealerships including Renault and Alpine.
Tenure
Heritable.
Location
Miles
6 miles west of Glasgow city centre
53 miles west of Edinburgh
Roads
A739, A761, M8, M77
Rail
Hillington West, Hillington East
Air
Glasgow Airport
Situation
Hillington is a well established trade and industrial location to the west of Glasgow city centre. The property is located on the A736 Hillington Road, benefiting from its proximity to both the city centre and Glasgow Airport, due to its links with the M8 at junction 26. Hillington Park, 1/4 mile west of the property, is Scotland's largest industrial estate and business park and is recognised as a highly acclaimed location for manufacturing, industrial, technology and distribution based business in Scotland and the UK. The property is located adjacent to a Shell petrol station and shop and 2 miles from intu Braehead, with retailers including Nando's, Sports Direct, Waterstones, Apple and Primark. Other nearby occupiers include Ikea, Ducati, Harley-Davidson and car dealerships including Renault and Alpine.
Tenure
Heritable.
Description
The property is a detached, purpose built, single storey fast food restaurant. The property benefits from a drive thru area to the side of the property and on-site parking for approximately 39 cars. The site extends to some 0.287 hectares (0.74 acres).
VAT
VAT is applicable to this lot.
EPC
See legal pack at acuitus.co.uk
Description
The property is a detached, purpose built, single storey fast food restaurant. The property benefits from a drive thru area to the side of the property and on-site parking for approximately 39 cars. The site extends to some 0.287 hectares (0.74 acres).
VAT
VAT is applicable to this lot.
EPC
See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Restaurant
240.98 sq m
(2,594 sq ft)
BKUK GROUP LIMITED (1) t/a Burger King
20 years from 13/09/2018 until 12/09/2038 (2) on a full repairing and insuring lease
£85,600
28/08/2023 and five yearly thereafter
Total
240.98 sq m
(2,594 sq ft)
£85,600
(1) BKUK Group Limited is Burger King's master franchise for England and Scotland. Bridgepoint is the ultimate owner of BKUK Group Limited. BKUK Group Limited acquired Caspian Food Retailers Limited which operates a number of Burger King franchises (Source: www.burgerking.co.uk 21/05/2019). Burger King has more than 500 restaurants in the UK (Source: www.foodserviceequipmentjournal.com 21/05/2019). A rent deposit of £42,800 is held by the landlord. (2) The lease was originally let for a term of 25 years from 13/09/1993 and then extended for 20 years to expire on 12/09/2038.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
