Tenanted Commercial LOT 50

45a Main Street, Cumbernauld, G67 2RT
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Map & Location

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Description

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

Busy Thoroughfare Ground Floor 374sq ft PRIME UNIT Held on F.R.I Lease. Well Established Local Operator. Refurbished Property. Expiry: October 2029 Passing Rent: £7,200 increasing to £7,800

Cumbernauld is strategically placed, being 14 miles from Glasgow City Centre and 38 miles from Edinburgh.

The property is held on a full repairing and insuring head lease.; The property is not elected for V.A.T.

The property extends to the following internal area; 34.77sqm (374sq ft) NAV/RV: £6,100

The tenant is a well established beauty therapist within the area with the move to this property part of their expansion plans.

The property comprises the ground floor of a two-stage traditionally constructed development surrounded by a pitched roof. Internally the property is well presented with reception area and 2 partitioned private treatment rooms with tea prep and w.c to the rear. The property has been extensively renovated with new floors and L.E.D lighting throughout. The property extends to the following internal area; 34.77sqm (374sq ft) NAV/RV: £6,100 The property qualifies for rates exemption under the small business bonus scheme. The property is held on a full repairing and insuring head lease on the following terms; Tenant: Personal Name Expiry: 17th October 2029 Passing Rent: £7,200p.a Rent Increase: £7,800p.a from October 2027 Deposit: £1,800 held by landlord Further: The tenant is a well established beauty therapist within the area with the move to this property part of their expansion plans.

Cumbernauld is strategically placed, being 14 miles from Glasgow City Centre and 38 miles from Edinburgh. Cumbernauld is a densely populated “new town” with a mixture of private and social housing, with extensive residential developments persistently ongoing within the town and outlying areas

Full Address: 45a Main Street, Cumbernauld, G67 2RT

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: October 2029
Rent: £7,200 per year / £600 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: Tenant: Personal Name Expiry: 17th October 2029 Passing Rent: £7,200p.a Rent Increase: £7,800p.a from October 2027 Deposit: £1,800 held by landlord Further: The tenant is a well established beauty therapist within the area with the move to this property part of their expansion plans.

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Pricing Information & Bidding

Opening Bid: £52,000

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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

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Auction Details

Date & Time: 09 January 2025, 10am-3pm
Type: Timed Online Auction

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