The subjects comprise two ground floor retail units currently interconnected to the rear, within a traditional terraced sandstone tenement.
Dedicated and separate access is afforded to the front elevation of the properties with both retail units benefitting from large display windows and doors to the front elevation.
519 Main Street – Internally the premises have been laid out to provide a large open plan sales area to the front elevation which has been recently partially refurbished, leading to an area dedicated to staff toilet accommodation, yet to be complete.
523 Main Street – The property has been laid out to form open plan sales area to the front, with staff/stock accommodation and the currently shared staff toilet accommodation to the rear.
Location
The subjects are situated on the north side of Main Street, near to its junction with East Muiryhall Street and Deedes Street (A89), which is the principal traffic route leading through Airdrie and Coatbridge.
Nearby occupiers are represented by a mix of national and local retailers including William Hill Bookmakers, McConnechy’s Tyres, a Chinese takeaway, tattoo studio and barbers.
Coatdyke forms part of the town of Coatbridge, which is located within the North Lanarkshire region, approximately 11 miles east of Glasgow.
The town has a population of around 41,000 persons and is well served by public transport.
Accommodation
From measurements taken on site we calculate the properties to have Net Internal floor areas of:-
Unit 519 - 31.05 sq.m. (334 sq.ft.)
Unit 523 - 49.12 sq.m. (529 sq.ft.)
TOTAL - 80.17 sq.m. (863 sq.ft.)
PLANNING/BUILDING WORKS - The premises were granted building warrants in October 2018 relating to the alteration to re-instate two separate retail units at 519 and 523 Main Street, planning reference: 18/01645/NLC.
Any planning queries should be directed to North Lanarkshire Council on 01698 403200.
Terms
RATES - From the Scottish Assessor’s website, we note the property to have a joint Rateable Value of £XXX
Under the small business bonus scheme the property should qualify for 100% rates relief, subject to occupier status.
PRICE/RENT - Offers in the region of £XXX, exclusive of VAT (if applicable) are invited for our clients heritable interest.
Rental offers of £XXX for both premises are invited, on the basis of a new lease of negotiable terms.
EPC - Available upon request.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred with any incoming tenant responsible for any applicable LBTT, registration dues, or other outlays.