The property itself comprises a predominantly two storey building constructed in the 1950’s comprising a retail unit at ground floor level and ancillary office, staff, and storage accommodation at first floor level. Ancillary access is available from Church Street for servicing. The building is of steel frame construction with brick infill walls, and a flat asphalt roof Externally and internally the property is in shell condition, requiring complete refitting.
Location
The property occupies a prime location opposite the Coatbridge Shopping Centre in the middle of the Main Street This is in the prime shopping pitch in the town, with surrounding occupiers including Asda; Superdrug; Peacocks; Clydesdale Bank; Boots, and many other national and local retailers.
Coatbridge is located some ten miles east of Glasgow city centre and has a resident population of around 40,000 persons. The town has a mixed economy, and enjoys good road and rail communications, being on the A8 / M8 linking Glasgow and Edinburgh; and also being served by several rail lines.
Accommodation
Ground floor - 699.09 m2 (7,525 sq.ft.)
First floor - 761.98 m2 (8,202 sq.ft.)
Second floor - 18.21 m2 (196 sq.ft.)
Terms
LEASE TERMS
The property is offered to let on a new long term full repairing and insuring lease at a rental of £50,000 per annum exclusive. Significant incentives are be available to suitable tenants taking a long term lease
RATING
The property is entered in the current Valuation Roll at NAV £100,000 with effect from April 2010. Any incoming occupier has a right of appeal against this entry.
PRICE
Offers are invited for our clients heritable interest.
LEGAL COSTS
The incoming tenant will be responsible for both parties legal and professional costs.