The subjects comprise of a prominent corner, ground floor licensed bookmakers benefiting from an extensive glazed frontage, open plan sales space to include full DDA compliance and male and female WC facilities.
The subjects have been extensively refurbished to incorporate the corporate brand of Ladbrokes.
Location
The subjects are situated within the town of Armadale which is located within the Lothian district of West Lothian, which itself lies approximately 24 miles to the west of Edinburgh and 27 miles to the east of Glasgow. The town benefits from excellent transportation links via the A89 which provides direct access to the M8 heading east and west and the A801 north, which links to the M9 and Scotlands wider motorway network.
The property itself is situated on the corner of West Main Street and South Street within Armadale at the crossroads to the town centre on the main commercial thoroughfare within the town. In addition to the road network there is nearby Armadale Railway Station providing direct services to Edinburgh and Glasgow, whilst also a number of commuter links along the main A89 road.
Surrounding occupiers include Lloyds Pharmacy, Scotmid Co-operative, William Hill, Semichem and other local retailers.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice (6th Edition) and estimate the following areas:
Net Internal Area: ITZA (Reduced Floor Area): 122.7 sq m / 1,319 sq ft
Terms
Price - Offers in the region of £XXX are sought reflecting a net initial yield of 8.14% after allowing for standard purchasers costs.
EPC - Available on request.
VAT - The subjects have been registered for VAT and therefore we anticipate that any sale will be treated as a transfer of a going concern.
Specification
- Prominent Corner Location
- Secure Income Stream
- 13 years 10 months WAULT & 8 years 10 months to Tenant Break
- Undoubted Covenant Strength
- Offers in the region of £XXX (8.14% net initial yield)