51 Locks Street Coatbridge North Lanarkshire ML5 3RT

  • 51 Locks Street<br>Coatbridge<br>North Lanarkshire<br>ML5 3RT

51 Locks Street
Coatbridge
North Lanarkshire
ML5 3RT

Heritable Trade Counter Investment

  • Let to Travis Perkins (Properties) Limited t/a Tile Giant
  • Tenant did not exercise their November 2017 break option
  • Situated on established retail park along the M8 corridor
  • Lot
    56
  • Auction
    7th December 2017
  • Rent
    £24,479 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Trade Counter Investment

  • Let to Travis Perkins (Properties) Limited t/a Tile Giant
  • Tenant did not exercise their November 2017 break option
  • Situated on established retail park along the M8 corridor
  • Lot 56
  • Auction 7th December 2017
  • Rent £24,479 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Trade Counter/Builders Merchants
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
10 miles east of Glasgow
Roads
M8, M73, M74, M80
Rail
Coatdyke Railway Station
Air
Glasgow International Airport
Situation

The property is situated on the established Coatdyke Retail Park, approximately 10 miles east of
Glasgow city centre and 2 miles from the M8 which provides access to Glasgow to the west and Edinburgh to the east. Nearby occupiers include J&W Carpets, Go Outdoors, Poundstretcher and Club 3000.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
10 miles east of Glasgow
Roads
M8, M73, M74, M80
Rail
Coatdyke Railway Station
Air
Glasgow International Airport
Situation

The property is situated on the established Coatdyke Retail Park, approximately 10 miles east of
Glasgow city centre and 2 miles from the M8 which provides access to Glasgow to the west and Edinburgh to the east. Nearby occupiers include J&W Carpets, Go Outdoors, Poundstretcher and Club 3000.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a trade counter unit totalling 343.73 sq m (3,700 sq ft). The property benefits from the use of substantial car parking facilities.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a trade counter unit totalling 343.73 sq m (3,700 sq ft). The property benefits from the use of substantial car parking facilities.

VAT

VAT is applicable to this lot.

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/
(Reversion)
Ground Trade
Counter
343.73 sq m
(3,700 sq ft)
TRAVIS PERKINS
(PROPERTIES) LIMITED (1)
t/a Tile Giant
10 years from 27/11/2012
on a full repairing and
insuring lease
£24,479 20/11/2017
(26/11/2022)
Totals
343.73 sq m
(3,700 sq ft)
    £24,479  

(1) For the year ending 31st December 2016, Travis Perkins (Properties) Limited reported a turnover of £76,937,000, pre-tax profits of £90,233,000 and a total net worth of £504,303,000 (Source: Experian Group 08/11/2017).

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Peterkins Robertson and Paul Solicitors Kensington House, 227 Sauchiehall Street
Glasgow
G2 3EX
David Morris 0141 331 4510davidmorris@prp-legal.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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