The subjects comprise a large high street retail unit forming part of the ground floor of a two storey and attic building of traditional stone construction – which has a residential ‘duplex’ style dwelling on the upper floors.
The property further extends to the rear by means of a single storey, brick built extension/workshop unit with pitched steel overclad roof. The rear workshop may be let separately and has the benefit of a flat secured yard.
The shop has a glazed double windowed frontage and internally is arranged to provide a main sales area with WC facility to the rear. The property is fitted out in keeping with its most recent use as a hardware store and is in fairly basic condition internally.
Location
Larkhall is a South Lanarkshire town with a resident population of approximately 16,000 and is situated some 14 miles southeast of Glasgow. Well located, the M74 motorway skirts the eastern edge of the town which has two motorway junctions: Glasgow City Centre can be reached by car in approximately 20 minutes.
The town is of sufficient size to attract a host of national multiple retailers – represented primarily in Union Street as well as a mix of independent sole traders.
The property occupies an attractive location on the main road into the town – being situated on the east side of Union Street close to its junction with Montgomery Street.
The plan opposite identifies the approximate location of the subjects for information purposes only.
Accommodation
From measurements taken on site and in accordance with the RICS Code of Measuring Practice (6th Edition), we calculate that the subjects extend approximately as follows –
FRONT SHOP/RETAIL AREA – 112.91 sq m (1,215 sq ft)
REAR STORE/WORKSHOP – 145.44 sq m (1,565 sq ft)
TOTAL NET INTERNAL AREA – 258.35 sq m (2,780 sq ft)
Terms
RATEABLE VALUE
The accommodation is entered in the current valuation role as follows: Rateable Value - £XXX
100% rates relief may be available to qualifying occupiers under the Small Business Bonus Scheme.
LEASE TERMS/RENTAL
We are seeking offers in excess of £XXX per annum for the benefit of a lease on standard commercial terms of flexible duration incorporating upwards only rent reviews.
EPC
The property has an EPC rating of ‘G’.
VAT
Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
LEGAL COSTS
We would expect the ingoing tenant to be responsible for our client’s reasonably incurred legal costs relative to the transaction.
Specification
- Large, regular retail unit- 258.35 sq m (2,780 sq ft)
- On street car parking
- Attractive commercial location
- May suit alternative uses – subject to planning
- Rental offers in excess of £XXX per annum