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Description
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. 1,500 sq ft Tenant in place with 9 year lease remaining producing £12,000 pa
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.
The property is held on a full repairing and insuring lease on a personal name expiring 30th September 2035 at a passing rent of £12,000 per annum. There is a rent review clause in 2029.
The property offers an aluminium framed glazed frontage with a single entrance door opening to an open plan retailing space with partitioned WC to the rear of the demise. Ground: 139.36 sq m
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. 1,500 sq ft Tenant in place with 9 year lease remaining producing £12,000 pa 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. The property is held on a full repairing and insuring lease on a personal name expiring 30th September 2035 at a passing rent of £12,000 per annum. There is a rent review clause in 2029. The property offers an aluminium framed glazed frontage with a single entrance door opening to an open plan retailing space with partitioned WC to the rear of the demise. Ground: 139.36 sq m 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: 9 Years
Rent: £12,000 per year / £1,000 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: The property is held on a full repairing and insuring lease on a personal name expiring 30th September 2035 at a passing rent of £12,000 per annum. There is a rent review clause in 2029.
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: £89,000
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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 - 127Graham Street, Airdrie