62 Main Street
Wishaw
ML2 7AB

Heritable Retail Investment

  • Prominent Retail Investment on the main retailing street
  • Close to railway station
  • Neighbouring occupiers include Iceland, Bank of Scotland, Savers and Cancer Research
  • Extensive ground floor property comprising over 7,000 sq ft
  • Lot
    53
  • Auction
    23/Sep/2020
  • Rent
    £50,600 per Annum Exclusive
  • Status
    Available
  • Price*
    £175,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 62 Main Street<br>Wishaw<br>ML2 7AB
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* More information on the term "price" can be found here

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 Main Street, at the centre of the town. Nearby occupiers include Bank of Scotland, Iceland and Specsavers with Savers, Boots Opticians and JD Wetherspoon also represented in the town.

Tenure

Heritable.

Description

The property comprises a double frontage ground floor unit shop with ancillary accommodation to the rear in an extension building.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (0771 8899341)

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
Ground


Retail andancillary
707.92 sq m
(7,620 sq ft)
MERIDIAN REALISATION
LIMITED (FORMERLY
MACKAYS STORES
LIMITED IN
ADMINISTRATION)(1))
10 years from
13/02/2018 TO
12/02/2028 (2)
£50,600
Total
707.92 sq m
(3,060 sq ft)
  £50,600 

(1) On 4 August 2020, Michael John Magnay and Gavin George Scott Park both of Deloitte LLP were appointed as joint administrators of the tenant, which is now known as Meridian Realisations Limited in Administration. On 4 August 2020, a licence to occupy was granted to M&Co Trading Limited (the entity which purchased the business and assets from Meridian Realisations Limited in Administration). Please refer to the letter from Deloitte LLP dated 12 August 2020 attached to this sale extract and enclosed with the auction pack for further details.
(2) the lease is subject to a Schedule of Condition

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.09.20
    File Size
    16 MB
    Login to View
  • Site Plan
    Updated Date
    02.09.20
    File Size
    876 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    773 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP 1 George Square
Glasgow
G2 1AL
Rachel Dunn +44 330 222 1710 rachel.dunn@dentons.com

Useful Links

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