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Description
INCOME PRODUCING INVESTMENT*** Ground floor commercial premises (1,369sq ft) Located in Airdrie town Centre. Let to Betfred on a FRI extended lease producing £22,500pa with 3 years remaining.
Tenant: Done Brothers (Cash Betting) Ltd t/a “Betfred” Expiry: 19th June 2028 (Extended for further 5 years) Tenant Break: 20th June 2026 Passing Rent: £22,500p.a.x.
The property benefits from a single aluminium framed and glazed front. Internally the property is presented in good condition with open plan retail space to the front with w.c & tea prep to the rear.
The property forms the ground floor of a larger modern commercial development and extends to the following floor areas; 127.2sqm (1,369sq ft)
PRIME TOWN CENTRE LOCATION Neighbouring retailers include; Betfred, Virgin Bank, Semi Chem and British Heart Foundation.
INCOME PRODUCING INVESTMENT*** Ground floor commercial premises (1,369sq ft) Located in Airdrie town Centre. Let to Betfred on a FRI extended lease producing £22,500pa with 3 years remaining. Tenant: Done Brothers (Cash Betting) Ltd t/a “Betfred” Expiry: 19th June 2028 (Extended for further 5 years) Tenant Break: 20th June 2026 Passing Rent: £22,500p.a.x. The property benefits from a single aluminium framed and glazed front. Internally the property is presented in good condition with open plan retail space to the front with w.c & tea prep to the rear. The property forms the ground floor of a larger modern commercial development and extends to the following floor areas; 127.2sqm (1,369sq ft) PRIME TOWN CENTRE LOCATION Neighbouring retailers include; Betfred, Virgin Bank, Semi Chem and British Heart Foundation.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 3 Years
Rent: £22,500 per year / £1,875 per month
Yield: 14% (approx)
Tenant: Company
Notes: Tenant: Done Brothers (Cash Betting) Ltd t/a “Betfred” Expiry: 19th June 2028 (Extended for further 5 years) Tenant Break: 20th June 2026 Passing Rent: £22,500p.a.x.
Maps & Location
Map Street View SatelliteThe subjects are located on the west side of Bank Street in the retailing heart of Airdrie with Graham Street immediately to the south. Neighbouring retailers include; Betfred, Virgin Bank, Semi Chem and British Heart Foundation. 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.
Document Downloads
Pricing Information & Bidding
Opening Bid: £160,000
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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 = 1% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 9Bank Street, Betfred Investment, Airdrie