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Lot 4a

Guide Price: £550,000 - Bid Now

17-23  Bank Street and 1-3 Anderson Street, Airdrie, ML6 6AF


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Key Features:

PRIME AIRDRIE INVESTMENT PARADE OF 6 UNITS LET 100% Occupation INCLUDING A MODERN refurbished CLYDESDALE BANK Total Rental Net Income @ £84,110 per Annum + rental growth potential towards £95,000 per annum. Super TENANT MIX includes Modern CLYDESDALE BANK, SEMI CHEM, OPTICIANS, Established Coffee Shop, Vapour Shop, Clothing Oulet - Unbroken Parade approx 13,456 sq ft of space.


  • ALL REGISTERED LEASES. 100% Prime spot. Nearby Boots, Burton and Betfred. Benefits - Unbroken parade of 6 retail units with some benefitting from basement and first floor. 4 Units on Bank St and 2 on Anderson Dr. CAR PARKING and a LOADING BAY at the REAR. Unit 3 is let to CLYDESDALE BANK PLC for 10 years from 22/12/2006 at £33,900 p.a Ground - 2042 sq feet. Basement 1604 sq feet
  • Since closure of Bellshill, Coatbridge and Hamilton the Airdrie branch has been refurbished with over £200,000 spent in 2016/2017 showing commitment. For the Y/E 30th September 2017, Clydesdale Bank plc reported a turnover £1.037billion, shareholders’ funds £3.464 billion.. net worth of £3.125 billion. UNIT 1A is LET TO DL Direct Limited @ £9,000 p.a trading as upmarket clothing outlet. Lease - 3 years from 12/01/2018.
  • UNIT 1B is let to Semi Chem (Scotmid Co-op) £9,600 pa tenant in occupation since 1990 (28 years). Ground 1656 sq feet. Basement 2000 sq feet. For Y/E Jan 2018, Scottish Midland Co-op Turnover - £373,712,000, PRE-TAX PROFITS - £5,958,000 & NET WORTH - £79,059,000. Unit 2 is let to Opticians lease for 30 years from 1993 till 30/11/2023 rent £20,000 p.a.http://www.brianmichieopticians.co.uk/page2.html
  • 1 Anderson St LET - ADCENTIV MEDIA t/a Vapour Shop 5 year lease from Feb 2015 at £10,500 p.a. 3 Anderson St is let at £15,000 p.a to Chunky Monkeys Coffee 3 years from March 2017. Tenant trading well. REFURBISHED. TOTAL RENTAL = £98,000 P.A Long Leasehold. Held from North Lanarkshire Council for a term of 125 years expiring 9th October 2113 at current rent of £13,890 pa SO NET RENT RECEIVED BY LANDLORDS £84,110 PA.


Ownership

Leasehold

- The owner of the land has a time limit to their period of ownership. Lease lengths vary and most common are 99, 125, 500 and 999.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

Search Council Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.


Full Details:

PRIME AIRDRIE INVESTMENT PARADE OF 6 UNITS LET 100% Occupation INCLUDING A MODERN refurbished CLYDESDALE BANK Total Rental Net Income @ £84,110 per Annum + rental growth potential towards £95,000 per annum. Super TENANT MIX includes Modern CLYDESDALE BANK, SEMI CHEM, OPTICIANS, Established Coffee Shop, Vapour Shop, Clothing Oulet - Unbroken Parade approx 13,456 sq ft of space. ALL REGISTERED LEASES. 100% Prime spot. Nearby Boots, Burton and Betfred. Benefits. 4 Units on Bank St and 2 on Anderson Drive. CAR PARKING and a LOADING BAY at the REAR. Unit 3 is let to CLYDESDALE BANK PLC for 10 years from 22/12/2006 at £33,900 p.a Ground - 2042 sq feet. Basement 1604 sq feet + large 1st floor - houses business advisors / mortgage consultants etc. Since closure of Bellshill, Coatbridge and Hamilton the Airdrie branch has been refurbished with over £200,000 spent in 2016/2017 showing commitment. Y/E 30th September 2017, Clydesdale Bank plc turnover of £1.037billion, UNIT 1A is LET TO DL Direct Limited @ £9,000 p.a trading as upmarket clothing outlet. Lease - 3 years from 12/01/2018. established tenant in occupation prior. 1 Anderson Street is let ADCENTIV MEDIA t/a Vapour Shop on a 5 year lease from Feb 2015 at £10,500 p.a. 3 Anderson St is let at £15,000 p.a to Chunky Monkeys Coffee Limited for an initial 3 years from March 2017. Tenant trading well. REFURBISHED. TOTAL RENTAL = £98,000 P.A Long Leasehold. Held from North Lanarkshire Council for a term of 125 years expiring 9th October 2113 at a current rent of £13,890 per annum SO NET RENT RECEIVED BY LANDLORDS £84,110 PER ANNUM. UNIT 1B is let to Semi Chem (Scotmid Co-op) £9,600 pa tenant in occupation since 1990 (28 years). Scottish Midland Co-op Turnover - £373,712,000,NET WORTH - £79,059,000. Unit 2 is let to Brian Michie Opticians Limited lease for 30 years from 1993 till 30/11/2023 rent £20,000 p.a. Established tenant keen to stay over 25 years in property.

Guide Price: £550,000 - Bid Now


What is a Guide Price...

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. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

You may submit an offer now on this property for the owner 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.

Map & Location:


100% PRIME MODERN BLOCK in Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh, with access provided by the M8 Motorway. The property is situated in a prominent corner position at the junction of the busy Bank Street and Anderson Street, in the heart of Airdrie town centre. Nearby occupiers include Boots the Chemist, Burton and Betfred. 10 miles east of Glasgow. 30 miles west of Edinburgh.

Viewings:


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.

Floor plan:

Click Image To Enlarge

Auction Details:



  • Auction Date...

    04 February 2019


  • Start Time...

    7.30pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

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.

How To Bid:


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