20-22 Quarry Place Hamilton Lanarkshire ML3 7BB

20-22 Quarry Place
Hamilton
Lanarkshire
ML3 7BB

Heritable Bank Investment

  • Let to Lloyds TSB Scotland plc until 2025 (subject to option)
  • Adjacent to the New Cross Shopping Centre located nearby
  • Six Week Completion Period Available
  • Lot
    45
  • Auction
    18th October 2011
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Bank
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • Expand
  • Photos
  • Map

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

Heritable Bank Investment

  • Let to Lloyds TSB Scotland plc until 2025 (subject to option)
  • Adjacent to the New Cross Shopping Centre located nearby
  • Six Week Completion Period Available
  • Lot 45
  • Auction 18th October 2011
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
10 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads
M74, M8, A72, A723
Rail
Hamilton Central, Hamilton West
Air
Glasgow International Airport, Edinburgh Airport
Situation

Hamilton is the county town of Lanarkshire and has strong communications via the M74. The property is situated in the town centre, opposite the entrance to New Cross Shopping Centre, on the pedestrianised Quarry Place. Nearby occupiers include Optical Express, Lloyds Pharmacy, Argos and Primark.

Tenure

Heritable. (Scottish equivalent to English Freehold)

Location
Miles
10 miles south-east of Glasgow, 33 miles south-west of Edinburgh
Roads
M74, M8, A72, A723
Rail
Hamilton Central, Hamilton West
Air
Glasgow International Airport, Edinburgh Airport
Situation

Hamilton is the county town of Lanarkshire and has strong communications via the M74. The property is situated in the town centre, opposite the entrance to New Cross Shopping Centre, on the pedestrianised Quarry Place. Nearby occupiers include Optical Express, Lloyds Pharmacy, Argos and Primark.

Tenure

Heritable. (Scottish equivalent to English Freehold)

Description

The property comprises a banking hall on the ground floor with offices and ancillary accommodation on the lower ground floor.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a banking hall on the ground floor with offices and ancillary accommodation on the lower ground floor.

VAT

VAT is not applicable to this lot.

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 Reviews
Ground
Lower Ground
Banking Hall
Office and Ancillary
174.66 sq m
127.28 sq m
(1,880 sq ft)
(1,370 sq ft)
LLOYDS TSB SCOTLAND PLC (1)
15 years from 06/09/2010 until
2025(2)
£50,000 (3) 06/09/2016
Totals  

301.94 sq m

(3,250 sq ft)
    £50,000  

(1) For the year ending 31/12/2011, Lloyds TSB Scotland plc reported pre-tax profits of £161,800,000 and a total net worth of £815,500,000 (Source: www.riskdisk.com 12/09/2011).
(2) The lease provides for a tenant option to break at the end of the twelfth year of the term with 6 months' notice.
(3) The lease provides for a rent free period until 5th September 2012. The seller will pay the buyer a sum equivalent to the rent that would have been payable in the absence of the rent free period on completion of the sale. Therefore, the property will produce an income of £50,000 per annum exclusive from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    23.09.15
    File Size
    63 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Martin SzamfeberMartin Szamfeber +44 (0)20 7034 4858 martin.szamfeber@acuitus.co.uk
Seller's Solicitors
Macgregor Thomson Forsythe House, Lomond Court,, Castle Business Park
Stirling
FK9 4TU
Jacqueline Ireland +44 (0)1786 431745jireland@macgregorthomson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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