Prominent town centre location close to The Regent Centre
Nearby occupiers include Boots, Superdrug, Poundland, New Look, M&Co, Subway and Specsavers
Lot 52
Auction 7th December 2017
Rent £22,500 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles west of Cumbernauld, 10 miles north-east of Glasgow City Centre
Roads
A803, A806, M8 and M80
Rail
Lenzie Railway Station
Air
Glasgow Airport
Situation
The property is located on the eastern side of Cowgate, the town's principal retailing thoroughfare, near to its junction with Broadcroft Road. The Regent Centre is located close by and houses retailers including Boots, Poundland and Superdrug. Other nearby occupiers include New Look, Card Factory, M&Co, Semi-Chem, Subway and Specsavers.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
9 miles west of Cumbernauld, 10 miles north-east of Glasgow City Centre
Roads
A803, A806, M8 and M80
Rail
Lenzie Railway Station
Air
Glasgow Airport
Situation
The property is located on the eastern side of Cowgate, the town's principal retailing thoroughfare, near to its junction with Broadcroft Road. The Regent Centre is located close by and houses retailers including Boots, Poundland and Superdrug. Other nearby occupiers include New Look, Card Factory, M&Co, Semi-Chem, Subway and Specsavers.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises a ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
Note
VAT (continued): If the buyer meets the requirements, the sale will be a Transfer of a Going Concern (TOGC).
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 ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
Note
VAT (continued): If the buyer meets the requirements, the sale will be a Transfer of a Going Concern (TOGC).
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
Reviews
Ground
Retail/Ancillary
111.83 sq m
(1,204 sq ft)
Greggs Plc (1)
15 years from 18/11/2016 until 17/11/2031 on a full repairing and insuring lease (2)
£22,500
18/11/2021 & 18/11/2026
Totals
111.83 sq m
(1,204 sq ft)
£22,500
(1) Greggs was established over 75 years ago and now operates from over 1,800 shops throughout the UK (www.greggs.co.uk). For the year ending 31st December 2017, Greggs Plc reported a turnover of £894,195,000, pre-tax profits of £80,319,000 and a total net worth of £250,406,000 (Source: Experian Group 08/11/2017). (2) The lease provides for a tenant option to determine on 18th November 2026.