Heritable Index-Linked Supermarket Investment
Heritable Index-Linked Supermarket Investment
Cardross is an affluent Glasgow commuter location, just 24 miles north-west of Glasgow. Cardross benefits from excellent communications, being situated on the A814 trunk road which leads to the A82, M8 and Glasgow City Centre. Cardross railway station provides a direct approximate journey time to Glasgow Queens Street station of 30 minutes. The property is located in a prominent corner position at the junction of Main Street and Barrs Road, within a densely populated residential area.
Heritable. (Scottish equivalent of English Freehold).
Cardross is an affluent Glasgow commuter location, just 24 miles north-west of Glasgow. Cardross benefits from excellent communications, being situated on the A814 trunk road which leads to the A82, M8 and Glasgow City Centre. Cardross railway station provides a direct approximate journey time to Glasgow Queens Street station of 30 minutes. The property is located in a prominent corner position at the junction of Main Street and Barrs Road, within a densely populated residential area.
Heritable. (Scottish equivalent of English Freehold).
The property, a recently redeveloped former hotel with a newly constructed extension, comprises a ground floor local supermarket with a residential flat on the first floor which is not included in the sale.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property, a recently redeveloped former hotel with a newly constructed extension, comprises a ground floor local supermarket with a residential flat on the first floor which is not included in the sale.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail/Ancillary | 288 sq m |
(3,100 sq ft) |
CO-OPERATIVE GROUP FOOD LIMITED (1) |
15 years from 10/04/2017 until 09/04/2032 on a full repairing and insuring lease (2) |
£45,500 | 10/04/2022 and five yearly (3) |
| Totals |
288 sq m |
(3,100 sq ft) |
£45,500 | ||||
(1) The Co-operative is the UK’s fifth largest food retailer, with over 2,500 stores (www.co-operative.coop). For the year ending 2nd January 2016, Co-operative Group Food Limited reported a turnover of £6,475,500,000, pre-tax profits of -£429,600,000 and a total net worth of £1,385,500,000 (Source: Experian Group 08/11/2017).
(2) The tenant has an option to extend the lease for a further 10 years at expiry in 2032.
(3) The rent reviews are five yearly and linked to the Consumer Price Index (CPI), with a minimum of 1% per annum and a maximum of 3% per annum compounded.
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