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Description

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

TENANTED INVESTMENT PROPERTY*** Currently LET on FRI LEASE until 31st March 2029 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 2029 at £24,000 PER ANNUM located within Airdrie Town Centre. IMMEDIATE RENTAL INCOME*** Tenant: Byrnes of Milngavie Ltd t/a Cafe Alba Term: 1st April 2019 - 31st March 2029 Passing Rent: £24,000p.a.x Rent Review: 1st April 2024 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.

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.

Full Address: 21 Graham Street, Let Cafe Alba Investment, Airdrie, ML6 6DD

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 31st March 2029
Rent: £24,000 per year / £2,000 per month
Yield: 15% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Opening Bid: £165,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... 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.

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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: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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