Description
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. 90.93 sq m (978 sq ft) Tenant in place with 8 year lease remaining producing £14,400 pa***VAT FREE PURCHASE
FRI Lease to Kensington Hair and Beauty Spa Limited exp 30th September 34 Rent of £14,400 per annum. The tenant has an option to determine on 30th September 2029 Rent review every 3 years.
The property comprises one ground floor retail unit within a larger two storey development. The upper floor is occupied by a nightclub which is not included within this transaction.
Internally, the property offers an open plan salon space which has been renovated to a high standard by the tenant with partitions erected to the rear to form tea prep area, store and WC facilities.
Situated in Airdrie town centre, Graham Street offers easy access to a wide range of shops, cafés and everyday amenities, with nearby bus services and Airdrie railway station close by.
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. 90.93 sq m (978 sq ft) Tenant in place with 8 year lease remaining producing £14,400 pa***VAT FREE PURCHASE FRI Lease to Kensington Hair and Beauty Spa Limited exp 30th September 34 Rent of £14,400 per annum. The tenant has an option to determine on 30th September 2029 Rent review every 3 years. The property comprises one ground floor retail unit within a larger two storey development. The upper floor is occupied by a nightclub which is not included within this transaction. Internally, the property offers an open plan salon space which has been renovated to a high standard by the tenant with partitions erected to the rear to form tea prep area, store and WC facilities. Situated in Airdrie town centre, Graham Street offers easy access to a wide range of shops, cafés and everyday amenities, with nearby bus services and Airdrie railway station close by.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 8 Years
Rent: £14,400 per year / £1,200 per month
Yield: 15% (approx)
Tenant: Company
Notes: The property is held on a full repairing and insuring lease to Kensington Hair and Beauty Spa Limited expiring 30th September 2034 at a passing rent of £14,400 per annum. The tenant has an option to determine on 30th September 2029 with rent review cycles falling every 3 years.
Maps & Location
Map Street View SatelliteThe subjects are located on the north side of Graham Street, close to Clark Street in the commercial heart of Airdrie. Neighbouring retailers include Airdrie Sheriff Court, At Home Youth Centre and Morrisons. Airdrie is a principal town in North Lanarkshire with an approximate population of 37,000. It lies 12 miles east of Glasgow and benefits from good road and rail links to Glasgow, Edinburgh, and the South. Airdrie is a town in North Lanarkshire, situated in Scotland’s Central Belt on a plateau around 400 feet (130 metres) above sea level. It lies approximately 12 miles (19 km) east of Glasgow and roughly 32–35 miles west of Edinburgh, immediately adjacent to Coatbridge. The 2022 Census recorded a population of 35,846 for the town itself. Together with Coatbridge it forms part of the wider Monklands area, while the broader Airdrie Community Board area serves a larger resident population of around 56,000.
Document Downloads
Pricing Information & Bidding
Opening Bid: £99,000
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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 - 135Graham Street, Airdrie