Tenanted Commercial LOT 275

1 South Bridge Street, Airdrie, ML6 6LF
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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Substantial Commercial Property over ground and first floor. Ground Floor Let at £10,500 pa. First Floor let at £6,600 pa. Combined £17,100pa. Full Building. PRIME INVESTMENT with GRADE A TENANT.

Established Pharmacy Dispensary Let To Boots UK Ltd. Expiry: April 2027 following completion of a 15 year lease now running on tacit. Passing Rent agreed at £10,500 PER ANNUM.

Located at the junction of South Bridge Street and East High Street - PROMINENT CORNER POSITION WITH AIRDRIE TOWN CENTRE - HIGH VISIBILITY CORNER UNIT. 1st Floor Let to Invercare at £6,600pa

PRIME RETAIL LOCATION IN BUSY TOWN CENTRE with extremely high footfall locally. Neighbouring retailers include Aldi, Tesco, Morrisons, Halfords, Kwik Fit, Bank of Scotland and B&M. IDEAL INVESTMENT

Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh, with access provided by the M8 Motorway and M73/M74 motorway network.

BOOTS (Boots UK Limited (incorporated under the Companies Acts (registered number 00928555) PHARMACY INVESTMENT situated within Airdrie town centre. SUBSTANTIAL commercial property over ground and first floor. Let at £17,100 PER ANNUM. EXCELLENT INVESTMENT PROPERTY. Immediate return on investment. GROUND FLOOR: (75.27 Sq.M (810 Sq.Ft) - Let to Boots UK Limited with a Passing Rent of £10,500 per annum. Boots UK Ltd (00928555) has a net tangible worth of £875 million and a Dun and Bradstreet rating of 5A2 indicating a lower-than-average risk of business failure. FIRST FLOOR: (67.44 Sq.M (726 Sq.Ft) - Let to Invercare at £6,600 per annum. (£550per month) . The 1st floor unit has its own fully operational and serviced lift with autodialer. Managing agent in place with all payments up to date. Total Area: 142.71 Sq.M (1,536 Sq.Ft). Benefitting from a return frontage onto South Bridge Street and East High Street with entrance to both ground and first floor accessible from East High Street via a single timber framed and glazed door leading to an open plan sales area at ground, fitted out in accordance with Boots corporate specifications by way of commercial linoleum flooring with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. The property offers partitioned staff w.c, tea prep and store. The upper floor is accessed via a single door located at street level leading to a single staircase. At first floor, the space offers a reception area along with open plan workspace and private individual meeting space with 3 no further office suites. The floor also benefits from w.c. facilities and access to the loft. PRIME RETAIL LOCATION IN BUSY TOWN CENTRE with extremely high footfall locally. Neighbouring retailers include Aldi, Tesco, Morrisons, Halfords, Kwik Fit, Bank of Scotland and B&M.

Airdrie is located only 10 miles to Glasgow City Centre with a residential population of estimated around 40,000. Coatbridge is 5 miles east. Road links into the area are available via the M8/A8, M73 to the west and the M74 leading towards the south.

Full Address: 1 South Bridge Street, Airdrie, ML6 6LF

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: April 2027
Rent: £17,100 per year / £1,425 per month
Yield: 10% (approx)
Tenant: Company
Notes: Ground floor let at TEN THOUSAND FIVE HUNDRED POUNDS (£10,500) STERLING per annum, exclusive of Value Added Tax Let to Tenant Boots UK Limited. 1st floor currently let at £6,600 per annum on 3 month rolling lease. 3 month notice on the lease served April 2024. Seller will engage agent to release.

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Pricing Information & Bidding

Opening Bid: £166,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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