Tenanted Commercial LOT 219

7 Bank Street, Airdrie, ML6 6AF
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Description

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

PRIME tenanted commercial property in the heart of Airdrie town centre. EXCELLENT INVESTMENT with immediate RENTAL RETURN. Passing Rent £12,500 PER ANNUM.

Let to Jones & Hoyland Ltd t/a CM Optical on FRI LEASE until April 2028. Tenants have been in situ since 1997. Immediate RENTAL INCOME of £12,500 Per Annum. Perfect investment property.

Excellent Trading Opticians. Unit extends to approx. 686sq ft (63.71 Sq.m) over ground and lower floor - PROMINENT POSITION in Airdrie Town Centre.

100% PRIME LOCATION on Airdrie's main shopping street in the busy town centre. Nearby occupiers include Betfred, Virgin Bank, Semi Chem, Cancer Research UK, and British Heart Foundation.

HIGH FOOTFALL - EXCELLENT TRADING LOCATION. Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with good connectivity to both cities, provided by the M8 Motorway.

PRIME tenanted commercial property in the heart of Airdrie town centre. EXCELLENT INVESTMENT with immediate RENTAL RETURN. Passing Rent £12,500 PER ANNUM. Let to Jones & Hoyland Ltd t/a CM Optical on FRI LEASE until April 2028. Tenants have been in situ since 1997. Immediate RENTAL INCOME of £12,500 Per Annum. Perfect investment property in popular retail location. Ground: 47.16sqm (508sq ft) Lower: 16.55sqm (178sq ft) Total: 63.71sqm (686sq ft). Internally the property is in an open plan layout with main retailing space lit by way of fluorescent strips and halogen spots recessed within the suspended acoustic tile ceiling, partition’s have been erected to the rear forming consultation room and access to the single staircase leading to the lower ground, with staff room, store and w.c. facility and access to the rear. Excellent Trading Opticians. Unit extends to approx. 686sq ft (63.71 Sq.m) over ground and lower floor - PROMINENT POSITION in Airdrie Town Centre. 100% PRIME LOCATION on Airdrie's main shopping street in the busy town centre. Nearby occupiers include Betfred, Virgin Bank, Semi Chem, Cancer Research UK, and British Heart Foundation. HIGH FOOTFALL - EXCELLENT TRADING LOCATION. Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with good connectivity to both cities, provided by the M8 Motorway.

Airdrie is located approximately 10 miles east of Glasgow and 30 miles west of Edinburgh with good connectivity to both cities, provided by the M8 Motorway, as well as easy access to the main arterial routes to the north and south. Airdrie is located in the district of North Lanarkshire within the Central Belt of Scotland with a town population of 35,000 and a district population of 340,000. Graham Street is the prime retail pitch within Airdrie and neighbouring occupiers in the immediate vicinity include a mix of local and national retailers.

Full Address: 7 Bank Street, Airdrie, ML6 6AF

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 30th April 2028
Rent: £12,500 per year / £1,042 per month
Yield: 11% (approx)
Tenant: Company
Notes: Tenant: Jones & Hoyland Ltd t/a CM Optical. Tenant in situ since 1997.

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Pricing Information & Bidding

Opening Bid: £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 £1,750 for on time settlement

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Buy Now Price = £130,000

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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