14/18 George Street
Bathgate
EH48 1PW

Heritable Retail & Beauticians Investment

  • Pedestrianised Town Centre Location
  • 2 Shops and First floor Beauticians
  • Future alternative use potential on the upper floor
  • Nearby occupiers include SpecSavers, WHSmith & Boots
  • Lot
    37
  • Auction
    16/Jun/2021
  • Rent
    £24,875 per Annum Exclusive
  • Status
    Available
  • Price*
    £200,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
  • 14/18 George Street<br>Bathgate<br>EH48 1PW
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  • Photos
  • Map

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

Property Information

Location
Miles
20 miles west of Edinburgh
25 miles east of Glasgow
Roads
A89, M8, A71
Rail
Bathgate Scot Rail
Air
Edinburgh 7 Glasgow airports
Situation

Bathgate is a commuter town in West Lothian, approximately 20 miles west of Edinburgh and 25 miles east of Glasgow. Road links are excellent and the town benefits from a rail station with a journey time of 30 minutes to Edinburgh Waverley station. The property is situated in a prominent position on the eastern side of the pedestrianised George Street, the main retailing street within the town. Nearby occupiers include Boots, British Heart Foundation, SpecSavers, WHSmith amongst a number of local traders

Tenure

Heritable.

Description

The property comprises two ground floor shops and a self contained beauticians at first floor.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.westlothian.gov.uk

Completion Period

Six Week Completion

EPC

See legal pack as www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
No.14 GroundRetail
145.72 sq m
(1,568 sq ft)
West Lothian 50+
Network
(1)£12,500 (1) (2) 
No.18 GroundRetail
78.29 sq m
(842 sq ft)
HOMEAID WEST
LOTHIAN LTD
t/a Homeaid
5 years from
01/05/2020
£9,0002025
No. 16 FirstRetail
76.29 sq m
(821 sq ft)
INDIVIDUAL t/a
Rattana Love (4)
Term of years
expiring 05/11/2023
£3,375 (3)2023

(1) Terms provisionally agreed for a new 5 year lease at £12,500 p.a. with a rent deposit. Negotiations are ongoing.
(2) There is a 3 month rent free period. If lease formalised before completion of the sale then the Seller will top up the rent from completion of the sale until expiry of the rent free period, by way of an allowance on completion of the sale.
(3) Rent deposit held of £2,066. 2021 option to determine NOT exercised
(4) The Thai Massage Wellness Centre - www.the-thai-massage.co.uk

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
    04.06.21
    File Size
    2 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    729 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    845 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP Exchange Tower
19 Canning Street
Edinburgh
EH3 8EH
Dominic White (0)141 574 2315Dominic.White@addleshawgoddard.com

Useful Links

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