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Retail Investment, 6 & 8 High Street, Airdrie, ML6 0BZ

993 Sq Ft / Retail / Investment

Withdrawn - Last updated: 02 February 2022

The subjects comprise mid-terraced retail premises forming part of a larger traditional buildingadjoining a public house and where the upper floors are in residential use.
 
Externally the subjects benefit from a large double shopfront onto High Street.
 
Internally the subjects provide large open-plan accommodation with public front area and staff / customer toilets, kitchen tea prep found to the rear.

Location

The subject property is located in Airdrie approximately 13 miles east of Glasgow and 5 miles east of neighbouring Coatbridge. The town has a population of approximately c37,410 people and an immediate catchment in excess of 321,000.
 
More specially the subject property is located within the heart of Airdrie town centre commanding a highly prominent position on the north side of High Street at its intersection with North & South Bridge Street.
 
Neighbouring occupiers include “Stirrup Stane” Public House, Aldi, Tesco Express, Lloyds Pharmacy and Dominos Pizza.

Accommodation

NIA - 92.23 sq m (993 sq ft)
ITZA - 86.41 sq m (930 sq ft)

Terms

Offers over £XXX are invited for our client’s heritable interest in the subjects with the benefit of the existing lease being in place.
 
A purchase at this level reflects a net initial yield of 8.5% assuming purchasers costs of 1.98%.
 
Business Rates
The subjects are entered in the Valuation Roll with a Rateable Value of £XXX
 
EPC
Available on request.
 
Tenancy Information
  • Let to Coral Racing Ltd on FRI terms expiring 21 February 2027
  • No breaks
  • Passing rent of £XXX
  • Tenant option to extend for a further 15 years at expiry
  • Experian Credit Risk Score – Below Average Risk
VAT
No VAT is payable on the purchase price.


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