The property comprises a part single storey, part two storey mid terraced retail unit of brick construction, overlaid by a flat roof clad with bituminous felt or similar. The subjects benefit from a large frontage onto Main Street, incorporating aluminium framed, single glazed display windows protected internally by steel roller shutters.
To the rear of the subjects, there is a loading bay and a shared yard. Internally, the ground floor comprises a main retail sales area to the front with storage and ancillary office accommodation to the rear. The first floor provides further storage space and staff facilities.
Planning
It is assumed the property has Use Class 1 (Shops) planning consent in line with the previous use as a convenience store and post office. We have been advised that the property holds an existing off sales licence, so alternative uses may be suitable, subject to planning.
Location
Wishaw in North Lanarkshire is located 16 miles south of Glasgow and has a population of approximately 29,000 persons. The town is located within two miles of the M74 motorway network (junctions 6 and 7) which in turn leads to the M73 and M8 road networks, providing access to the West of Scotland and beyond.
The property is located on the southern side of Main Street and occupies a prominent trading position within Wishaw town centre. Main Street itself is the main retailing parade in Wishaw and is represented by a good mix of local and national retailers. Neighbouring occupiers include Greggs, Peacocks, Subway, WH Smith and Superdrug.
North Lanarkshire Council has recently completed Phase 1 Streetscape Improvement Works in Wishaw town centre, including Main Street.
Accommodation
The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) to the following approximate net internal areas:
Ground 423 sq m 4,556 sq ft
First 126 sq m 1,355 sq ft
Total 549 sq m 5,911 sq ft
Terms
Rateable Value
The rateable value is £48,250. The business rate poundage for the financial year 2014/15 is XXX, with a supplement of XXX for properties with a rateable value greater than £35,000. New owners and tenants of a non-domestic property have the right to appeal against the rateable value for a period of up to six months from taking over interest of the property.
Tenure
Heritable (Scottish Equivalent of English Freehold) interest
Proposal
We have been instructed to market the property at offers in excess of £300,000.
Legal Costs
Each party to be responsible for their own legal costs.
VAT
Our client has confirmed that no VAT is applicable to the property.
Specification
- Town Centre Location
- Prominent Position on Main Street
- Net Internal Area 5,911 sq ft (549 sq m)
- Offers in Excess of £300,000
- No VAT
- Existing Off Sales Licence
- EPC Rating G