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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

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

PRIME CORNER TOWN CENTRE TENANTED RETAIL PROPERTY*** Ground floor: 164.51sqm (1,771sq ft) busy town centre location. Let to William Hill at £30,000 pa. Fantastic Let Asset Purchase with potential.

***INCOME PRODUCING INVESTMENT*** Held on a FRI Lease. Currently achieving £30,000 per annum tenants WILLIAM HILL Ideal investment opportunity with an excellent rental return.

Internally the property has been fitted out in accordance with William Hill corporate specification with a large open plan floor space, eye testing room, storage space, office and w.c facilities.

PRIME TOWN CENTRE LOCATION Neighbouring occupiers include Boots Pharmacy, Boots Opticians, Superdrug, Costa Coffee, Iceland and SpecSavers Opticians.

Airdrie is a populated town within the North Lanarkshire area with a population of of c.40,000 persons and a further catchment of 340,000. The area is well serviced with public transport links.

***TOWN CENTRE TENANTED RETAIL INVESTMENT*** Ground floor: 164.51sqm (1,771sq ft) busy town centre location ***INCOME PRODUCING INVESTMENT*** Held on a FRI Lease. Currently achieving £30,000 per annum tenants WILLIAM HILL Ideal investment opportunity with an excellent rental return. Internally the property has been fitted out in accordance with William Hill corporate specification with a large open plan floor space, eye testing room, storage space, office and w.c facilities. Neighbouring occupiers include Boots Pharmacy, Boots Opticians, Superdrug, Costa Coffee, Iceland and SpecSavers Opticians. Airdrie is a populated town within the North Lanarkshire area with a population of of c.40,000persons and a further catchment of 340,000. The area is well serviced with public transport links.

Located on Airdrie's main shopping street in the busy town centre. Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh, with access provided by the M8 Motorway and M73/M74 motorway network. Population of Airdrie is estimated around 40,000

Full Address: 5-7 Buchanan Street, William Hill, Airdrie, ML6 6DD

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 06/2026
Rent: £30,000 per year / £2,500 per month
Yield: 13% (approx)
Tenant: Company
Notes: Let To: William Hill Expiry June 2026 Passing Rent: £30,000p.a.x

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Pricing Information & Bidding

Opening Bid: £235,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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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 = 2% 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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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 14 November 2024, 10am-3pm
Type: Timed Online Auction

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