Tenanted Commercial LOT 373

39 Hallcraig Street, Airdrie, ML6 6AH
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Map & Location

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Description

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

TENANTED INVESTMENT PROPERTY*** First floor Snooker / Pool hall centrally located within Airdrie. approx. 11,000sq ft. IMMEDIATE RENTAL INCOME OF £14,000 PER ANNUM***

Currently LET on FRI LEASE until 2027at £14,000 Per Annum - Increasing to £40,000 Per Annum.

EXCELLENT TRADING LOCATION*** Neighbouring occupiers include Cheeky Monkeys Soft Play, Boots Opticians, Hallcraig Street Car Park.

Situated on the south side of Hallcraig Street close to its junction with Buchanan Street within Airdrie town centre.

Airdrie is a well 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*** First floor Snooker / Pool hall centrally located within Airdrie. approx. 11,000sq ft. IMMEDIATE RENTAL INCOME OF £14,000 PER ANNUM*** The property is accessed via a single entrance at Hallcraig Street with a single staircase leading to the first floor. Offering an open plan snooker hall with separate pool hall serviced by a centrally located bar / servery. The property has been renovated by the tenant to a good standard with suspended lighting and carpeted and linoleum floor coverings. Partitions have been erected to form male and female w.c. facilities. EXCELLENT TRADING LOCATION*** Neighbouring occupiers include Cheeky Monkeys Soft Play, Boots Opticians, Hallcraig Street Car Park. Situated on the south side of Hallcraig Street close to its junction with Buchanan Street within Airdrie town centre.

Airdrie is a well populated town within the North Lanarkshire area with a population of of c.35,000persons and a further catchment of 340,000. The town is undergoing expansion with residential and commercial developments ongoing within its outskirts and upgrading of public transport infrastructure.

Full Address: 39 Hallcraig Street, Airdrie, ML6 6AH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2027
Rent: £14,000 per year / £1,167 per month
Yield: 15% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Guide Price: £111,000


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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 £2,750 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: 24 October 2024, 3pm
Type: Deadline for Offers

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