Let to Infinity (Scotland) Ltd until 2030 (no breaks)
Prominent frontage in Town Centre location, close to Main Street
Diagonally opposite Mecca Bingo
Other nearby occupiers include JD Wetherspoon and Lloyds Pharmacy
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 52
Auction 16th February 2017
Rent £25,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
18 miles south-east of Glasgow
Roads
M8, M74, A71, A73
Rail
Wishaw Rail
Air
Glasgow Airport
Situation
The property comprises a corner unit situated in Wishaw town centre on the south side of Kirk Road, close to its junction with Main Street. Nearby occupiers include JD Wetherspoon, Mecca Bingo and Lloyds Pharmacy.
Tenure
Virtual Freehold. Held for a term of 999 years from 11th
November 1862 until 10th November 2861 at a rent of £2.04
p.a.
VAT
Location
Miles
18 miles south-east of Glasgow
Roads
M8, M74, A71, A73
Rail
Wishaw Rail
Air
Glasgow Airport
Situation
The property comprises a corner unit situated in Wishaw town centre on the south side of Kirk Road, close to its junction with Main Street. Nearby occupiers include JD Wetherspoon, Mecca Bingo and Lloyds Pharmacy.
Tenure
Virtual Freehold. Held for a term of 999 years from 11th
November 1862 until 10th November 2861 at a rent of £2.04
p.a.
VAT
Description
The property comprises a substantial single storey detached retail unit fronting Kirk Road.
VAT
VAT is applicable to this lot.
Viewings
Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial single storey detached retail unit fronting Kirk Road.
VAT
VAT is applicable to this lot.
Viewings
Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.
Completion Period
Six Week Completion
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
Ground
Retail
331.93 sq m
(3,573 sq ft)
INFINITY (SCOTLAND) LTD (with personal guarantee)
25 years from 31/03/2005 until 30/03/2030 on a full repairing and insuring lease
£25,000 (1)
31/03/2020 and 31/03/2025
Totals
331.93 sq m
(3,573 sq ft)
£25,000 (1)
(1) The rent as stated in the lease is £33,000 pa. A concessionary rent of £25,000 p.a. has been agreed with the tenant.
