OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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

Description

Full Address: 112 Quarry Street, Timpson Investment, Hamilton, ML3 7AX

PRIME TOWN CENTRE COMMERCIAL PROPERTY let to GRADE A TENANTS- Minit UK PLC (Trading as Timpsons) on 30 year lease until August 2024 with current annual rental of 7,000 per annum (Reduced from 19,000 per annum)

PRIME LOCATION WITHIN PEDESTRIANISED TOWN CENTRE with neighbouring occupiers including Santander, Greggs, Subway, Specsavers, Baynes, Ramsdens, nationwide and Primark

Property split over ground and basement floors and finished to high corporate specification. Shop floor area measures approximately 40.86 sq m (440sq ft) with additional basement area. SUPER SIZE FOR TIMPSONS

100% GRADE A TENANT. Timpsons occupy over 2100 stores across the UK and operate an annual turnover of around 300,000,000 and annual profit of over 20 million. 100% Secure income.

Excellent location in the centre of Hamilton between New Cross Shopping Centre and The Regent Shopping Centre within minutes of Hamilton Central Train Station. Located approx 14 miles from Glasgow.

PRIME TOWN CENTRE COMMERCIAL PROPERTY let to GRADE A TENANTS- Minit UK PLC (Trading as Timpsons) on 30 year lease until August 2024 with current annual rental of 7,000 per annum (Reduced from 19,000 per annum). PRIME LOCATION WITHIN PEDESTRIANISED TOWN CENTRE with neighbouring occupiers including Santander, Greggs, Subway, Specsavers, Baynes, Ramsdens, nationwide and Primark. Property split over ground and basement floors and finished to high corporate specification. Shop floor area measures approximately 40.86 sq m (440sq ft) with additional basement area. SUPER SIZE FOR TIMPSONS. 100% GRADE A TENANT. Timpsons occupy over 2100 stores across the UK and operate an annual turnover of around 300,000,000 and annual profit of over 20 million. 100% Secure income. Excellent location in the centre of Hamilton between New Cross Shopping Centre and The Regent Shopping Centre within minutes of Hamilton Central Train Station. Located approx 14 miles from Glasgow.

The property is centrally located in Hamilton town centre and offers fantastic shopping facilities and retail parks with many well known high street retailers all within close proximity. There is an excellent choice of sports and recreational facilities including swimming pool, tennis club, golf courses and gyms. Hamilton has a wide variety of pubs, restaurants and bistros. Excellent public transport with regular bus and trains to the surrounding towns and cities including Glasgow and Edinburgh. For those commuting by car there is the convenience of the M74 motorway with access both north and southbound and access to the East Kilbride expressway Glasgow City Centre and M8 motorway.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: August 2024
Rent: 7,000 per year / 583 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £72,000

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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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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