11 - 13 Stewarton Street Wishaw North Lanarkshire ML2 8AA

  • 11 - 13 Stewarton Street<br>Wishaw<br>North Lanarkshire<br>ML2 8AA

11 - 13 Stewarton Street
Wishaw
North Lanarkshire
ML2 8AA

Heritable Retail Investment

  • Let to William Hill Organization Limited until 2030 (subject to option)
  • Located on the main retailing street in Wishaw
  • Neighbouring occupiers include Ladbrokes, Betfred, Pizza Hut and TSB
  • Opposite Cross Keys Public House
  • VAT-free investment
  • Lot
    50
  • Auction
    23rd May 2019
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £280,000
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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Heritable Retail Investment

  • Let to William Hill Organization Limited until 2030 (subject to option)
  • Located on the main retailing street in Wishaw
  • Neighbouring occupiers include Ladbrokes, Betfred, Pizza Hut and TSB
  • Opposite Cross Keys Public House
  • VAT-free investment
  • Lot 50
  • Auction 23rd May 2019
  • Rent £32,000 per Annum Exclusive
  • Status Sold
  • Price £280,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
18 miles south-east of Glasgow
38 miles south-west of Edinburgh
Roads
A71, A73, M8, M74
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation

The property occupies a prominent and busy position on the north side of Stewarton Street which forms a continuation of Main Street, at the centre of the town. Nearby occupiers include TSB, Betfred, Pizza Hut, Ladbrokes and Clydesdale Bank with Savers, Poundland, Iceland, Boots Opticians and JD Wetherspoon also represented in the town.

Tenure

Heritable. (Scottish Equivalent of Freehold)

Location
Miles
18 miles south-east of Glasgow
38 miles south-west of Edinburgh
Roads
A71, A73, M8, M74
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation

The property occupies a prominent and busy position on the north side of Stewarton Street which forms a continuation of Main Street, at the centre of the town. Nearby occupiers include TSB, Betfred, Pizza Hut, Ladbrokes and Clydesdale Bank with Savers, Poundland, Iceland, Boots Opticians and JD Wetherspoon also represented in the town.

Tenure

Heritable. (Scottish Equivalent of Freehold)

Description

The property comprises a two storey property with ground floor retail benefiting from a substantial frontage.
The first floor is sublet to a gym operator.

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Jarvis (07718 899 341)

EPC

Available from the legal pack at acuitus.co.uk

Description

The property comprises a two storey property with ground floor retail benefiting from a substantial frontage.
The first floor is sublet to a gym operator.

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Jarvis (07718 899 341)

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
First		 Retail
Gym
202.10 sq m
180.08 sq m
(2,175 sq ft)
(1,938 sq ft)
 WILLIAM HILL
ORGANIZATION
LIMITED (1) (2)		 15 years from
22/04/2015 (3) on a
full repairing and
insuring lease		 £32,000 2025
Total
382.18 sq m
(4,113 sq ft)
     £32,000  

(1) The ultimate holding company is William Hill Plc and William Hill trades from over 2,300 locations nationwide (Source: www.williamhill.com).
(2) The first floor is sublet and trades as a gym.
(3) Tenants option to determine in 2025 on 6 months' prior written notice.

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Mitchells Roberton George House, 36 North Hanover Street
Glasgow
G1 2AD
Ross Leatham 01415 523 422rjl@mitchells-roberton.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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