Let to Mecca Bingo Limited - a part of The Rank Group
Approximately 34,010 sq ft
Potential for alternative uses (subject to existing lease, planning and consents)
Nearby occupiers include JD Wetherspoon, Morrisons, Lloyds Pharmacy and Betfred
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 28
Auction 30th March 2017
Rent £205,733 per Annum Exclusive
Status Sold
Price £1,250,000
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles south-east of Glasgow
Roads
A71, A73, M8, M74,
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
The property is prominently situated on the northern side of Kirk Road, which connects to Main Street and Stewarton Street, in Wishaw town centre. Nearby occupiers include JD Wetherspoon, Lloyds Pharmacy and Betfred, with other occupiers in the town including Lidl, Morrisons, Iceland, M&Co and Peacocks.
Tenure
Heritable. (Scottish Equivalent of Freehold)
Location
Miles
18 miles south-east of Glasgow
Roads
A71, A73, M8, M74,
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
The property is prominently situated on the northern side of Kirk Road, which connects to Main Street and Stewarton Street, in Wishaw town centre. Nearby occupiers include JD Wetherspoon, Lloyds Pharmacy and Betfred, with other occupiers in the town including Lidl, Morrisons, Iceland, M&Co and Peacocks.
Tenure
Heritable. (Scottish Equivalent of Freehold)
Description
The property comprises a substantial bingo hall arranged over ground, basement, mezzanine, circle
and circle foyer floor levels.
VAT
VAT is not applicable to this lot.
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 bingo hall arranged over ground, basement, mezzanine, circle
and circle foyer floor levels.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground Basement (Plant) Mezzanine Circle Foyer Circle
1,570.81 sq m - 334.90 sq m 375.35 sq m 878.63 sq m
Approximately 15 years and one month from 10/08/2006 on a full repairing and insuring lease (2) (3)
£205,733
28/09/2021
Totals
3,159.69 sq m
(34,010 sq ft)
£205,733
(1) For the year ending 30th June 2016, Mecca Bingo Limited reported a turnover of £209,543,000, pre-tax profits of £36,665,000 and a total net worth of £488,346,000 (Source: Experian Group 13/02/2017). Mecca Bingo are part of The Rank Group who have been entertaining Britain since 1937 under the Mecca & Grosvenor Casino brands. The Rank Group operate 55 casinos and 98 bingo halls (Source: www.rank.com 13/02/2017). (2) The lease is subject to a Schedule of Condition. (3) The tenant has an option to renew at the end of the term of the lease.
