57 Kirk Road Wishaw North Lanarkshire ML2 7BL

57 Kirk Road
Wishaw
North Lanarkshire
ML2 7BL

Heritable Leisure Investment

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Heritable Leisure Investment

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

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	(16,908 sq ft) (-) (3,605 sq ft) (4,040 sq ft) (9,457 sq ft)	MECCA BINGO LIMITED (1)	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.