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Well-let retail investment, 7 Cadzow Street, Hamilton, ML3 6EE

not specified / Retail

For Sale - £250,000.00

Available - Last updated: 21 September 2021

Small well-let bookmaker investment

Location

The property is located in a prominent position close to the corner of Cadzow and Quarry Streets, close to the centre of the town.

Surrounding occupiers include Ladbrokes; McColls; Countrywide; Crema Café,  and other local and national traders, whilst Quarry Street forms the traditional shopping centre for the town.

Hamilton, population circa 55,000, is itself a busy  town located approximately 12 miles south-east of Glasgow just west of the M74 motorway south to England.  Historically the administrative centre for the county of Lanarkshire, it is still a centre of local government, as well as various industries.  The town is served by the Glasgow suburban rail network, and has excellent bus links to Glasgow and surrounding areas.

 

Accommodation

 

The premises comprise  part of  the ground floor and the entire upper floor of a two storey building of stone and brick construction. 

 

Externally the property has the tenants standard frontage of a full height aluminium framed display window with recessed single entrance door  all being surmounted by an externally illuminated fascia board.

Internally the ground floor is fitted out in standard ‘William Hill’ style, with a large public area with televisions and gaming machines, a counter and staff area to the rear and customer toilets.  The upper floors are unused, and are in shell condition.

 

We understand that the dimensions and accommodation are as follows:

 

Ground                  -               100.15 m2 (1,078 sq.ft.) (NIA)

First                        -                 96.60 m2 (1,039sq.ft.) (NIA)

 

Terms

The property is currently leased to William Hill Organisation Limited, for a term extended to expire on  31st May 2029 on full repairing and insuring terms  at a current rent of £20,000 per annum subject to upward only review in May 2019 and 2024.

There is a tenant break option as at May 2024 on giving not less than six months prior written notice.   There is no Schedule of Condition restricting the tenants repairing obligations.

 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Heritable retail investment For Sale Freehold £250,000.00 NA

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Contact agents

Colin Ely

Colin Ely & Co

0141 432 0355



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