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Description
TENANTED INVESTMENT PROPERTY*** Currently LET on FRI LEASE until 31st March 2034 at £24,000 PER ANNUM located within Airdrie Town Centre. IMMEDIATE RENTAL INCOME***
Ground and First floor unit. Ground: 93.76sqm (1,009sq ft) 1st: 56.9sqm (612sq ft) Total: 150.66sqm (1,622sq ft)
EXCELLENT TRADING LOCATION*** Nearby occupiers include Boots Pharmacy, Greggs, Subway & Costa Coffee.
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 a populated town within the North Lanarkshire area with a population of of c.35,000persons and a further catchment of 340,000.
TENANTED INVESTMENT PROPERTY*** Currently LET on FRI LEASE until 31st March 2034 at £24,000 PER ANNUM located within Airdrie Town Centre. IMMEDIATE RENTAL INCOME*** Tenant: Cafe 21 G t/a Cafe Alba Term: 1st April 2019 - 31st March 2034 (Extended) Passing Rent: £24,000p.a.x Rent Review: 31st March 2029 Further: The tenants operate 3 cafes in Milngavie, Cumbernauld and Airdrie Internally the property is presented in an open plan layout with customer seating to the front along with external seating. The main counter and customer w.c. is situated to the rear with partitioned food prep and stores to the rear along with the staircase to the upper floor and rear common yard access. The first floor offers ancillary storage and sorting space with staff tea prep and w.c facilities. EXCELLENT TRADING LOCATION*** Nearby occupiers include Boots Pharmacy, Greggs, Subway & Costa Coffee.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 31st March 2034
Rent: £24,000 per year / £2,000 per month
Yield: 15% (approx)
Tenant: Company
Notes: Tenant: Cafe 21 G t/a Cafe Alba Term: 1st April 2019 - 31st March 2034 (Extended) Passing Rent: £24,000p.a.x Rent Review: 31st March 2029 Further: The tenants operate 3 cafes in Milngavie, Cumbernauld and Airdrie
Maps & Location
Map Street View SatelliteHIGH 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 a populated town within the North Lanarkshire area with a population of of c.35,000persons and a further catchment of 340,000.
Document Downloads
Pricing Information & Bidding
Opening Bid: £160,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 21Graham Street, Let Cafe Alba Investment, Airdrie