Tenanted Commercial Property LOT 10

22 and 22a West Canal Street, Coatbridge, ML5 1PR
OPENING BID

Timed Online Auction

07 October 2021, 10am-3pm

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

Description

Full Address: 22 and 22a West Canal Street, Coatbridge, ML5 1PR

Portfolio of Two Tenanted commercial premises in central Coatbridge area. Combined Rental of 24,500 Per Annum - IMMEDIATE RENTAL RETURN. Perfect Investment Opportunity.

22 West Canal Street, Coatbridge currently LET to Copy Care on 10 year FRI lease at 16,000 Per Annum from 24/123/2013 until 24/12/2023.

22A West Canal Street, Coatbridge currently LET to Cliftonhill Financial Services at 8,500 per annum on FRI lease until 01/09/2022.

Prominently positioned at the junction of West Canal Street and Heritage Way to the east of Coatbridge town centre. The property benefits from having a private car park.

The local road network offers access throughout North and South Lanarkshire together with ready connections to the M73 and A/M8 for Glasgow, Edinburgh and the national motorway system (M74/M80 etc)

Portfolio of Two Tenanted commercial premises in central Coatbridge area. Combined Rental of 24,500 Per Annum - IMMEDIATE RENTAL RETURN. Perfect Investment Opportunity. 22 West Canal Street, Coatbridge currently LET to Copy Care on 10 year FRI lease at 16,000 Per Annum from 24/123/2013 until 24/12/2023. 22A West Canal Street, Coatbridge currently LET to Cliftonhill Financial Services at 8,500 per annum on FRI lease until 01/09/2022. Prominently positioned at the junction of West Canal Street and Heritage Way to the east of Coatbridge town centre. The property benefits from having a private car park. The local road network offers access throughout North and South Lanarkshire together with ready connections to the M73 and A/M8 for Glasgow, Edinburgh and the national motorway system (M74/M80 etc) The popular commuter town of Coatbridge is located approximately 10 miles east of Glasgow and lies within the North Lanarkshire Council jurisdiction. Coatbridge has a resident population in the region of 40,000 persons and is located approximately 10 miles east of Glasgow within North Lanarkshire Council jurisdiction.

The popular commuter town of Coatbridge is located approximately 10 miles east of Glasgow and lies within the North Lanarkshire Council jurisdiction. Coatbridge has a resident population in the region of 40,000 persons and is located approximately 10 miles east of Glasgow within North Lanarkshire Council jurisdiction. Coatbridge lies at the convergence of the A725 and A89 road routes with the recently upgraded M8 network around one mile to the south. There are good public transport links nearby including a main railway line which links to Glasgow and Edinburgh.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: 24,500 per year / 2,042 per month
Yield: 10% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £204,000

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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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: 07 October 2021, 10am-3pm
Type: Timed Online Auction

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