Tenanted Commercial Property LOT 38

15-17 Graham Street, Airdrie, ML6 6AB
GUIDE PRICE

Deadline for Offers

14 May 2021, 4pm

Bidding Closes in

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

Description

Full Address: 15-17 Graham Street, Airdrie, ML6 6AB

PRIME TOWN CENTRE RETAIL INVESTMENT OPPORTUNITY. Impressive two storey corner proprety Let to Superdrug Stores PLC on FRI lease until November 2024 with passing rent of 40,000 per annum.

Highly prominent TOWN CENTRE corner unit extending to 454sq m (4,900sq ft). The subject property is situated in a highly prominent corner location at the junction of Graham Street and Buchanan Street.

The property is let to Superdrug Stores PLC until Nov 2024 with a break option on Nov 2022 with 10,000 penalty to be paid if break option exercised. PREVIOUSLY LET FOR 80,000per annum.

The property comprises a two storey retail unit of traditional design. Eye-catching glass frontage directly on to Graham Street-within the town's main shopping thoroughfare. Main Sales area on ground floor with storage and staff areas on upper floors.

PRIME LOCATION on Airdrie's thriving main shopping thoroughfare in close proximity to a number of national retailers including Boots, Iceland, Greggs, WH Smith and EE as well as a number of local stores.

Let to Superdrug Stores PLC on FRI lease until November 2024 with passing rent of 40,000 per annum. Highly prominent TOWN CENTRE corner unit extending to 454sq m (4,900sq ft). The subject property is situated in a highly prominent corner location at the junction of Graham Street and Buchanan Street. The property is let to Superdrug Stores PLC until Nov 2024 with a break option on Nov 2022 with 10,000 penalty to be paid if break option exercised. PREVIOUSLY LET FOR 80,000per annum. The property comprises a two storey retail unit of traditional design. Eye-catching glass frontage directly on to Graham Street-within the town's main shopping thoroughfare. Main Sales area on ground floor with storage and staff areas on upper floors. PRIME LOCATION on Airdrie's thriving main shopping thoroughfare in close proximity to a number of national retailers including Boots, Iceland, Greggs, WH Smith and EE as well as a number of local stores. PRIME TOWN CENTRE RETAIL INVESTMENT OPPORTUNITY.

*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: 2024
Rent: 40,000 per year / 3,333 per month
Yield: 10% (approx)
Tenant: Company
Notes: Superdrug Stores PLC

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Location

Pricing Information & Bidding

Guide Price: £390,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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: 14 May 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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