The subjects comprise a purpose built free-standing commercial unit. Steel framed under a sloping mono-pitch roof and clad in high quality flat panel grey sheeting, the unit provides extensive glazed frontage, including a return window. Loading and fire escape facilities are provided to the rear, via a common service road. The unit is in a standard developer’s shell condition, ready to receive the tenant’s shopfit.
Location
Motherwell is one of North Lanarkshire’s principal towns, located 17 miles south east of Glasgow. It has a resident population of around 31,000 persons and an estimated catchment of 350,000 persons within a 6 mile radius. Carfin lies approximately one mile to the north west of Motherwell town centre and is an established residential district with a 2011 population of 2,497. It has seen significant growth over the last decade, largely in family style housing. Many national housebuilders are active in the immediate environs, including David Wilson Homes, Taylor Wimpey and Robertson Homes, providing an expanding potential customer base.
The site is easily accessed via the nearby M74 (3 miles/10 mins to the south west) and M8 (2 miles/6 mins to the north) motorways, as well as by frequent rail and bus services. The A723, which is the arterial route to the site, is to be upgraded to a Dual Carriageway in the next couple of years, further improving accessibility. The property comprises a prominent free standing unit towards the front of a shopping parade let to Tesco Express, Farmfoods, Betfred, Greggs and other independent traders. There is common parking for 114 vehicles. Lidl occupy a purpose built foodstore immediately to the north.
Accommodation
The unit is capable of being split into up to three units, as shown in the table and on the proposed drawing below. After sub-division, the units will be finished to an enhanced shell specification, to include shop front, toilet blocks and other internal enhancements.
Gross Frontage - 49 ft
Return Frontage - 15 ft
Internal Width - 82 ft 2 in
Depth - 61 ft 3 in
Ground Floor GIA - 5,030 sq ft
Terms
Lease
The unit is offered To Let on a new Full Repairing and Insuring Lease for a term to be agreed, subject to 5 yearly upward only rent reviews at a commencing rent of £XXX per annum.
Unit 1 - 280 sq m (3,014 sq ft) - £XXX pa
Unit 2 - 94 sq m (1,012 sq ft) - £XXX pa
Unit 3 - 87 sq m (936 sq ft) - £XXX pa
Rateable Value
The unit has yet to be assessed.
Planning
The property is suitable for a variety of uses. Interested parties are advised to discuss their proposed use with North Lanarkshire Council Planning.
Legal Costs
Each party will be responsible for their own legal costs. However, the ingoing tenant will be responsible for any registration fees and Stamp Duty Land Tax applicable, together with any VAT payable.
VAT
For the avoidance of doubt, all rents are quoted exclusive of VAT at the prevailing rate. Prospective tenants must satisfy themselves independently as to the incidence of VAT in respect of this transaction.
EPC
Available upon request.