Entirely let to Bank of Scotland Plc until 2031 (No Breaks)
Prominent town centre location close to The Regent Centre
VAT Free Bank Investment
Popular commuter town to Glasgow
Neighboring Occupiers include Tesco Metro, Boots, Poundland and Superdrug.
Lot 21
Auction 22nd September 2022
Rent £40,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue Live Streamed Auction
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 (1.4miles south) – 15 minutes Journey time to Glasgow Queen Street
Air - Glasgow Airport
Situation
The property is located on the western side of the busy Cowgate, the town's principal retailing thoroughfare, at its junction with Kerr Street. The Regent Centre is less than 100m away housing occupiers including Tesco Metro, Boots the Chemist, Poundland and Superdrug. Other nearby occupiers include JD Wetherspoon and branches of RBS and Clydesdale banks. Barleybank car park is close to the property, providing car parking for over 90 cars.
Tenure
Heritable. (Scottish Equivalent to 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 (1.4miles south) – 15 minutes Journey time to Glasgow Queen Street
Air - Glasgow Airport
Situation
The property is located on the western side of the busy Cowgate, the town's principal retailing thoroughfare, at its junction with Kerr Street. The Regent Centre is less than 100m away housing occupiers including Tesco Metro, Boots the Chemist, Poundland and Superdrug. Other nearby occupiers include JD Wetherspoon and branches of RBS and Clydesdale banks. Barleybank car park is close to the property, providing car parking for over 90 cars.
Tenure
Heritable. (Scottish Equivalent to English Freehold)
Description
The property comprises a ground floor banking hall, with office accommodation on the first floor.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall, with office accommodation on the first floor.
VAT
VAT is not 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 sq m
Floor Areas Approx sq ft
Tenant (1)
Term
Rent p.a.x.
Rent Reviews (Reversion)
Ground First
Banking Hall Ancillary
210.93 219.35
2270 2361
BANK OF SCOTLAND plc (CRN SC327000)
15 years from 29th December 2016 until 28th December 2031
£40,000
29/12/2021 and 28/12/2031
Total Approximate Floor Area
430.28
4631 (2)
(1) For the year ending 31st December 2021, Bank of Scotland Plc reported pre-tax profits of £2,316,000,000 (Source: Bank of Scotland Report and Accounts 2021) (2) The Floor Areas stated above are those published by the Scottish Assessors at www.saa.gov.uk
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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