Heritable Retail Investment
Heritable Retail Investment
Armadale is located in West Lothian, equidistant between Edinburgh to the east and Glasgow to the west. The town is linked to the M8 Motorway to the south by the A89 as well as the M9 Motorway via the A801 to the north.
The property is located on West Main Street (A89), the primary commercial road in the town centre. Nearby occupiers include Lloyds Pharmacy, Scotmid Co-op, Ladbrokes and a mix of local retailers and restaurants.
Heritable. (Scottish Equivalent of English Freehold)
Armadale is located in West Lothian, equidistant between Edinburgh to the east and Glasgow to the west. The town is linked to the M8 Motorway to the south by the A89 as well as the M9 Motorway via the A801 to the north.
The property is located on West Main Street (A89), the primary commercial road in the town centre. Nearby occupiers include Lloyds Pharmacy, Scotmid Co-op, Ladbrokes and a mix of local retailers and restaurants.
Heritable. (Scottish Equivalent of English Freehold)
The property comprises two adjoining ground floor retail units trading as William Hill and SemiChem. The first floor provides ancillary accommodation accessed within SemiChem's demise.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two adjoining ground floor retail units trading as William Hill and SemiChem. The first floor provides ancillary accommodation accessed within SemiChem's demise.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Address | Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|---|
| 9 West Main | Ground First |
Retail Office |
272.92 74.94 |
(2,937) (806) |
WILLIAM HILL ORGANISATION LIMITED (1) |
30 years from 25/05/2000 until 24/05/2030 (3) |
£20,950 |
24/05/2025 |
| 11 West Main | Ground | Retail | 200.05 |
(2,153) |
SEMI-CHEM (STORES) LIMITED with a guarantee from Scottish Midland Co-Operative Society Limited (2) |
5 years from 28/06/2022 (4) |
£10,000 |
|
| Total Approximate Floor Area |
547.91 |
(5,896) (5) |
£30,950 |
(1) For the year ending 28/12/2021 William Hill Organization Limited reported a Turnover of £332,900,000, a Pre-Tax Profit f £75,200,000 and a Net Worth of £370,100,000. (NorthRow 25/01/2023)
(2) Semi-Chem (Stores) Limited is wholly owned by Scottish Midland Co-Operative Society Limited who also act as a guarantor. For the year ending 29/01/2022 Scottish Midland Co-Operative Society Limited reported a Turnover of £403,276,000, a Pre-Tax Profit of £6,530,000 and a Net Worth of £99,276,000 (NorthRow 25/01/2023).
(3) The lease provides for a tenant option to determine the lease on 25/05/2025 and 25/05/2027 upon serving 6 months written notice.
(4) The lease provides for a tenant option to determine the lease on 28/02/2025 upon serving 6 months written notice.
(5) The floor areas states above are those published by the Scottish Assessors Association (www.saa.org.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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