Tenanted Commercial Property LOT 234

2-10 Hallcraig Street, Airdrie, ML6 6AH
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: 2-10 Hallcraig Street, Airdrie, ML6 6AH

PORTFOLIO of 5 x Tenanted Retail Units. Total current rental of 44,000 Per Annum. TOWN CENTRE retail parade within Airdrie. EXCELLENT TRADING POSITIONS.

Perfect commercial investment with IMMEDIATE RENTAL INCOME OF 44,000 PER ANNUM. Fully Let commercial parade in busy town centre location.

Impressive parade of FULLY LET units in extremely well-positioned HIGH FOOTFALL commercial location. All properties currently leased on FRI Leases.

Prominent Frontage on to BUSY street with HIGH passing trade. Ideal purchase for landlord or Investor looking to build/increase size of portfolio.

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.

PORTFOLIO of 5 x Tenanted Retail Units. Total current rental of 44,000 Per Annum. TOWN CENTRE retail parade within Airdrie. EXCELLENT TRADING POSITIONS. 2 Hallcraig Street, Airdrie currently LET to Kandyland Confectionary Ltd on 5 year FRI LEASE at 12,000 Per Annum from 17/01/2020 until 23/03/2025. 4 Hallcraig Street, Airdrie Let to Bizzy Lizzies - Florist on FRI LEASE at 8,800 Per Annum from 01/06/2021 until 31/05/2026. 6 Hallcraig Street, Airdrie currently trading as a pet shop on 10 year FRI LEASE at 7,500 Per Annum from 07/12/2020 until 06/12/2030. 8 Hallcraig Street, Airdrie LET to Pooch Perfect grooming Spa on FRI Lease at 7,200 Per Annum from 01/10/2021 until 01/10/2026. 10 Hallcraig Street, Airdrie currently trading as a holistic therapy centre on FRI Lease at 8,500 Per Annum from 01/06/2021 until 31/05/2026. Perfect commercial investment with IMMEDIATE RENTAL INCOME OF 44,000 PER ANNUM. Fully Let commercial parade in busy town centre location. Impressive parade of FULLY LET units in extremely well-positioned HIGH FOOTFALL commercial location. All properties currently leased on FRI Leases. Prominent Frontage on to BUSY street with HIGH passing trade. Ideal purchase for landlord or Investor looking to build/increase size of portfolio. 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.

Airdrie is located only 10 miles to Glasgow City Centre with a residential population of estimated around 40,000. Coatbridge is 5 miles east. Road links into the area are available via the M8/A8, M73 to the west and the M74 leading towards the south. High visibility UNIT in town centre location with high volumes of passing traffic. Airdrie is a popular town in North Lanarkshire, located in Scotland's Central Belt. There is a busy town centre with a pedestrianised precinct and ample parking, and a wide range of retailers.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: 44,000 per year / 3,667 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £347,000

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

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