Kwik-Fit 76-86 Glasgow Road Dumbarton G82 1RB

Kwik-Fit
76-86 Glasgow Road
Dumbarton
G82 1RB

Heritable Tyre Depot Investment

Let to Kwik-Fit (GB) Limited (guaranteed by Kwik-Fit Holdings Limited) until 2032 (no breaks)
Prominent roadside position fronting busy Glasgow Road (A814)
Short distance from Saint James Retail Park
Approximate site area of 0.10 hectares (0.25 acres)
Fixed rental increase to £21,703.93 in 2017
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
30
Auction
19th May 2016
Rent
£21,703 per Annum Exclusive
Status
Sold
Price
£306,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Heritable Tyre Depot Investment

Let to Kwik-Fit (GB) Limited (guaranteed by Kwik-Fit Holdings Limited) until 2032 (no breaks)
Prominent roadside position fronting busy Glasgow Road (A814)
Short distance from Saint James Retail Park
Approximate site area of 0.10 hectares (0.25 acres)
Fixed rental increase to £21,703.93 in 2017
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 30
Auction 19th May 2016
Rent £21,703 per Annum Exclusive
Status Sold
Price £306,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 14 miles north west of Glasgow, 33 miles south west of Stirling and 58 west of Edinburgh.
Roads: A814, A82, M898
Rails: Dumbarton East Rail
Air: Glasgow International Airport

Situation

Dumbarton is a popular commuter town just 14 miles north west of Glasgow. The property occupies a pominant roadside loation fronting Glasgow Road (A814) a short distance from the Saint James Retail Park which houses occupiers such as Marks & Spencers, McDonalds and Argos.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 14 miles north west of Glasgow, 33 miles south west of Stirling and 58 west of Edinburgh.
Roads: A814, A82, M898
Rails: Dumbarton East Rail
Air: Glasgow International Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor tyre depot with reception area and storage/staff accommodation. The site is approximately 0.10 hectares (0.25 acres) and benefits from four roller shutter doors, a rear yard and a forecourt to park approximately five cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review (Reversion)
Ground	Tyre & Exhaust Centre	223.70 sq m	(2,408 sq ft)	KWIK-FIT (GB) LIMITED (1) (GUARANTEED BY KWIK-FIT HOLDINGS LIMITED (2)	25 years from 20/03/2007 until 19/03/2032 on a full repairing and insuring lease	£21,703	20/03/2017 and five yearly
Totals		223.70 sq m	(2,408 sq ft)			£21,703 (3)

(1) For the year ending 31st March 2015, Kwik-Fit (GB) Limited reported a turnover of £472,480,000, pre-tax profits of £17,930,000 and a total net worth of £47,325,000. (Source: Experian - 04/04/2016)
(2) For the year ending 31st March 2015, Kwik-Fit Holdings Limited reported a total net worth of £28,527,000. (Source: Experian - 31/03/2016)
(3) The lease provides fixed rental increase to £21,703.93 in 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £21,703.93 p.a.x. from completion of the sale.