Lot 1h

Guide Price: £279,000 - Bid Now

72 Union Street, Larkhall, ML9 1DR


Key Features:

PRIME COMMERCIAL INVESTMENT let to 'TSB BANK PLC' for 10 years from 03/05/2011 until 15/05/2021 on a full repairing and insuring lease £23,000 PER ANNUM ***Next to B + M Bargains' LARGE CAR PARK new 'Specsavers' LLYODS PHARMACY, Greggs' Boots.****VAT FREE PROPERTY.***


  • Tenant - LLYODS TSB SCOLAND PLC. Net incomeý: ý£16.6 billion. Operating incomeý: ý£17.5 billion (2016). Rental £23,000 p.a and lease extended till June 2021 (showing commitment by tenant to stay in the property). The Larkhall branch is very busy and HAS BEEN REFURBISHED. Sits in a busy parade with many nationals and has a large CAR PARK behind (not owned by the bank).
  • REFURBISHED INTERNALLY - 1712 SQUARE FEET with busy PUBLIC MAIN AREA, PRIVATE OFFICES, TOILETS and KITCHEN. One of the busiest TSB Branches in Lanarkshire. Tenant has refitted the branch showing commitment to stay in the property. RENTAL LOW £23,000 P.A (Rateable value is £22,750). NEW Specsavers just opened next door.
  • ***ATTRACTIVE GLAZED FRONTAGE.*** Excellent COVENANT For the year ending 31st December 2016, TSB Bank Plc reported pre-tax profits of £182,300,000 and a total net worth of £1,879,200,000 (Source: Experian Group 14/09/2017). TSB has a customer base of 4.5 million retail customers including 550 branches.
  • Super location in Larkhall only 20 minutes to Glasgow, 10 minutes to Hamilton, 25 minutes to Lanark whilst 60 minutes to Edinburgh. RECENTLY RE-FITTED UPGRADED. The TSB have occupied the property for over 20 years.***NO VAT PAYABLE ON PRICE.***

Description:

RARE BANK INVESTMENT. The TSB have occupied the property for over 20 years. ***NO VAT PAYABLE ON PRICE.*** PRIME COMMERCIAL INVESTMENT. Larkhall has a population of approximately 15,000 14 miles south-east of Glasgow City Centre. ***ATTRACTIVE GLAZED FRONTAGE.*** 100% prime income producing investment with national tenant and well fitted out refurbished. Ideal long term investment purchase. The TSB have occupied the property for over 20 years. PRIME Let to 'TSB BANK PLC' for 10 years from 03/05/2011 until 15/05/2021 on a full repairing and insuring lease £23,000 PER ANNUM ***Next to B + M Bargains' LARGE CAR PARK new 'Specsavers' LLYODS PHARMACY, Greggs' Boots. Rental £23,000 p.a and lease extended till June 2021 (showing commitment by tenant to stay in the property). The Larkhall branch is very busy and HAS BEEN REFURBISHED. Sits in a busy parade with many nationals and has a large CAR PARK behind (not owned by the bank). REFURBISHED INTERNALLY - 1712 SQUARE FEET with busy PUBLIC MAIN AREA, PRIVATE OFFICES, TOILETS and KITCHEN. One of the busiest TSB Branches in Lanarkshire. Tenant has refitted the branch showing commitment to stay in the property. Super location in Larkhall only 20 minutes to Glasgow, 10 minutes to Hamilton, 25 minutes to Lanark whilst 60 minutes to Edinburgh. REFURBISHED PROPERTY - EXCELLENT SIZE RECENTLY RE-FITTED UPGRADED. Ideal long term investment. SUPER FRONTAGE.

Location:


100% PRIME location in Larkhall. ***Next to B + M Bargains' LARGE CAR PARK new 'Specsavers' LLYODS PHARMACY, Greggs' Boots only 20 minutes to Glasgow, 10 minutes to Hamilton, 25 minutes to Lanark whilst 60 minutes to Edinburgh. The town of Larkhall boasts a wide and varied range of shops, bars, restaurants, banks and building societies with further facilities available in neighbouring Hamilton and Lanark. One of the busiest TSB Branches in Lanarkshire. Tenant has refitted the branch showing commitment to stay in the property. Great access to M74 motorway network, and railway links for everyday commuting to the city. M74 motorway connections within minutes of the property.

Rateable Value:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.

Guide Price: £279,000 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    01 May 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.