Tenanted Commercial LOT 104

25 Graham Street, Airdrie, ML6 6DD
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Guide Price
£186,000


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09 May 2024, 3pm

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Description

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

PRIME commercial premises LET to Salvation Army on FRI LEASE until 2028 located in BUSY Airdrie TOWN CENTRE***IMMEDIATE RENTAL INCOME OF £20,000 PER ANNUM

Ground and First floor tenanted commercial unit extends to approx. 1,948sq. ft (181.02 sqm). Currently LET on FRI LEASE to Salvation Army until 30th October 2028 at £20,000P/A.

PROMINENT FRONTAGE*** Neary occupiers include Boots Pharmacy, Greggs, Subway and Costa Coffee. EXCELLENT TRADING LOCATION***

HIGH VOLUMES OF PASSING TRADE*** Located on the North side of Graham Street between its junctions with Buchanan Street and Baillies Lane on the main retailing parade within Airdrie TOWN CENTRE.

Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with good connectivity to both cities, provided by the M8 Motorway.

PRIME commercial premises LET to Salvation Army on FRI LEASE until 2028 located in BUSY Airdrie TOWN CENTRE***IMMEDIATE RENTAL INCOME OF £20,000 PER ANNUM. Ground and First floor tenanted commercial unit extends to approx. 1,948sq. ft (181.02 sqm). Currently LET on FRI LEASE to Salvation Army until 30th October 2028 at £20,000P/A. Ground: 104.6sqm (1,126 sq.ft) First: 76.42sqm (822 sq.ft) Total: 181.02sqm (1,948 sq.ft). Internally the property is presented in an open plan retailing layout with suspended lighting and laminated flooring with a staircase situated to the rear offering rear loading via a common yard along with internal concrete staircase leasing to the first floor. The first floor offers ancillary storage and sorting space with staff tea prep and w.c facilities. PROMINENT FRONTAGE*** Neary occupiers include Boots Pharmacy, Greggs, Subway and Costa Coffee. EXCELLENT TRADING LOCATION*** HIGH VOLUMES OF PASSING TRADE*** Located on the North side of Graham Street between its junctions with Buchanan Street and Baillies Lane on the main retailing parade within Airdrie TOWN CENTRE.

Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with good connectivity to both cities, provided by the M8 Motorway, as well as easy access to the main arterial routes to the north and south. Airdrie is located in the district of North Lanarkshire within the Central Belt of Scotland with a town population of 35,000 and a district population of 340,000.

Full Address: 25 Graham Street, Airdrie, ML6 6DD

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 30th October 2028
Rent: £20,000 per year / £1,667 per month
Yield: 13% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Guide Price: £186,000


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 prior to the auction.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

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