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Retail Investment Opportunity, 9 Stewarton Street, Wishaw, Motherwell, ML2 8AA
1,991 Sq Ft / Retail / Retail - High Street
Sold - Last updated: 13 February 2022
RETAIL INVESTMENT. Let to National Mutiple on new 15 year lease.
The subjects comprise a large shop (former FADS) unit contained within a single storey retail parade
Location
Wishaw lies 3 miles to the south east of Motherwell and 15 miles south east of Glasgow. The town has a population of 28,565 and a number of national retailers are represented in the town including SUPERDRUG; ICELAND; GREGGS;, PEACOCKS; BIRTHDAYS; LLOYDS PHARMACY; DOLLAND & AITCHISON plus all the main banks. The subjects occupy a prominent position on the north side of Stewarton Street, which forms a continuation of Main Street, the main commercial location serving the town.
Accommodation
The accommodation provided is as follows:-
FRONTAGE: 24' 9 (7.5m approx)
DEPTH: 82' 3 (25.1m approx)
Total Net Floor Area 1,991 sq ft (189 sq m approx)
Terms
The subjects are held on a new 15 x 5 FRI lease which commenced on 23 November 2009 and is subject to a tenant only, break at the end of year 10. The initial rent is £XXX per annum which rises to £XXX per annum is year 4 of the lease.
Tenant
LADBROKES BETTING & GAMING LTD
It should be noted that Ladbrokes previously traded from the former Bank of Scotland some 20 yards away and only moved so they could occupy larger premises.
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