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Class 1 Retail Premises, 2 Cadzow Street, Hamilton, ML3 6DG

1,076 Sq Ft / Retail / General Retail

Withdrawn - Last updated: 02 February 2022

The subjects comprise a prominent ground floor corner retail unit forming part of a larger attractive Category B listed red sandstone building.

Internally the subjects provide open-plan retail accommodation to the front and rear together with ancillary/staff accommodation complete with a WC.

Location

Hamilton is located approximately 12 miles south-east of Glasgow city centre with a population of approximately 50,000 and a catchment of approximately 350,000 within a 10 mile radius.

More specifically the subject property is located in the heart of Hamilton town centre and comands a prominent corner position on Cadzow Street at Hamilton’s “Old Cross” where Cadzow Street meets Castle Street, Keith Street, Townhead Street and Quarry Street. Neighbouring occupiers include Ladbrokes, Semi-Chem and William Hill.

On-street parking is provided on Cadzow Street itself whilst there are a number of pay and display car parks within the vicinity.

Accommodation

We have measured the subjects in accordance with the RICS Code of Measuring Practice (Sixth Edition) and calculate a net internal area of; 99.98 sq m (1,076 sq ft)

Terms

Asking Terms
The subjects are available by way of a new FRI lease at a rental of £XXX per annum.

Alternatively our client may consider disposing of their heritable interest with further details available upon request.

Rateable Value
The subjects are entered in the Valuation Roll with a Rateable Value of £XXX

Subject to fulfilling the set criteria, some occupiers may be eligible for 25% rates relief under the small business bonus scheme.

Planning
The subjects benefit from Class 1 consent and may be suitable for alternative uses (subject to planning).

All planning queries should be made direct to South Lanarkshire Planning Department on 0303 123 1015.

VAT - no VAT is applicable.

EPC – available upon request.

Specification

  • highly prominent double-fronted corner retail unit
  • located in the heart of Hamilton town centre on Cadzow Street immediately opposite it’s junction with Quarry Street
  • new FRI lease available
  • may be suitable for alternative uses, including class 3, subject to planning
  • no VAT on rent / purchase price
  • on-street parking provided


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