OPENING BID

Timed Online Auction

02 July 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 23 Graham Street, Iceland Investment, Airdrie, ML6 6DD

EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY*** Extensive Retail Unit Let to Iceland Foods Ltd on FRI Lease in busy town centre location. PROMINENT FRONTAGE***

100% SECURE INCOME. Let to Iceland Foods Ltd on a Full Repairing and Insuring lease until April 2024. Passing Rent 68,000 PER ANNUM. Perfect investment property in popular retail location.

***Prime 2 STOREY commercial investment *** PERFECT SIZE AND LOCATION. Ground Floor - 358.7sqm (3,861sq ft) 1st Floor - 217.7sqm (2,343sq ft).

PROMINENT High Street trading position. PRIME TOWN CENTRE RETAIL INVESTMENT OPPORTUNITY. Rent is paid quarterly and is all up to date.

Nearby occupiers include Boots Pharmacy, William Hill, Superdrug, Costa Coffee and SpecSavers Opticians. PRIME LOCATION on Airdrie's thriving main shopping thoroughfare.

Substantial commercial unit set over ground and first floor. Internally the property has been fitted out in accordance with Iceland corporate specification. 100% SECURE INCOME. Let to Iceland Foods Ltd on a Full Repairing and Insuring lease until April 2024. Passing Rent 68,000 PER ANNUM. Perfect investment property in popular retail location. ***Prime 2 STOREY commercial investment *** PERFECT SIZE AND LOCATION. EXCELLENT Frontage onto Graham Street. PERFECT INVESTMENT WITH IMMEDIATE RENTAL RETURN. Approx. Sizes; Ground: 358.7sqm (3,861sq ft) 1st : 217.7sqm (2,343sq ft) Total: 576.4sqm (6,204sq ft). PROMINENT High Street trading position. PRIME TOWN CENTRE RETAIL INVESTMENT OPPORTUNITY. Nearby occupiers include Boots Pharmacy, William Hill, Superdrug, Costa Coffee and SpecSavers Opticians. PRIME LOCATION on Airdrie's thriving main shopping thoroughfare.

*100% PRIME LOCATION 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

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 29th April 2024
Rent: 68,000 per year / 5,667 per month
Yield: 14% (approx)
Tenant: Company
Notes: Tenant: Iceland Foods Ltd.

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Pricing Information & Bidding

Opening Bid: £450,000

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).

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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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 02 July 2021, 10am-4pm
Type: Timed Online Auction

View Full Auction Catalogue

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