Heritable Retail & Beauticians Investment
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
Heritable.
The property comprises two ground floor shops and a self contained beauticians at first floor.
VAT is not applicable to this lot.
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
Six Week Completion
See legal pack as www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| No.14 Ground | Retail | 145.72 sq m | (1,568 sq ft) | West Lothian 50+ Network | (1) | £12,500 (1) (2) | |
| No.18 Ground | Retail | 78.29 sq m | (842 sq ft) | HOMEAID WEST LOTHIAN LTD t/a Homeaid | 5 years from 01/05/2020 | £9,000 | 2025 |
| No. 16 First | Retail | 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.
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