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Commercial Premises Suitable For Class 1 Or 2 Use, 229 Low Waters Road, Hamilton, ML3 7QN

1,270 Sq Ft / Retail / General Retail

Let - Last updated: 18 May 2021

The available premises comprise a former bookmakers office laid out over an extensive ground floor sales area with additional staff and customer welfare facilities to the rear.

A service / fire exit door provides access to a shared car park area at the rear of the property.

Location

Hamilton lies around 12 miles south east of Glasgow city centre, is the administrative centre for South Lanarkshire Council and has an approximate population of 54,000.

Low Waters Road forms part of the A723 road route that leads south from the town centre. A generally densely populated suburb of the town, the stretch of the road on which the subjects sit is home to a broad mix of independent retailers that mainly provide goods and services to the local community.

Accommodation

Measured in accordance with the RICS Code of Measuring Practice (6th Edition), we estimate the property to extend to the following approximate floor areas:

Ground Floor Net Internal Area: 117.96 sq m (1,270 sq ft)

Terms

Rating - The premises are listed at www.saa.gov.uk as: NAV/RV - £13,300

With the Rateable Value at this level, qualifying occupiers can apply for the Small Business Bonus Scheme that can reduce the Rates payable to £0 - 

Energy Performance Certificate - G

Terms - Our clients are offering the premises on the basis of a new full repairing and insuring lease of negotiable duration at an initial rental of £13,500 per annum.

Legal Expenses - Each party will meet their own legal expenses incurred in connection with the transaction, with the incoming occupier meeting the costs of any Land and Buildings Transaction Tax and Registration Dues that may be Payable.

VAT - We understand the premises have not been elected for VAT purposes and VAT will therefore NOT be charged on the rent.

Entry - Available immediately on conclusion of missives


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