Former Bingo Hall in Wishaw Town Centre (category C listed)
Approximately 34,010 sq ft
Development and change of use and development opportunities to include residential, community use or storage (subject to consents)
Of interest to owner occupiers, investors and developers
Nearby occupiers include Iceland, Santander, Costa, Subway, Domino's and JD Wetherspoon (opposite)
VAT not applicable
Lot 58
Auction 25th September 2024
Vacant Possession plus £12,500 pa from Radio Mast (Holding Over) (1)
Status Sold
Price £229,000
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
18 miles south-east of Glasgow
Roads
A73, A721, M8 (Junction 6), M74 (Junction 8)
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
The property is prominently situated on the northern side of Kirk Road, in the heart of the town centre. Nearby occupiers include Iceland, Santander, Costa, Subway, Domino's and JD Wetherspoon (opposite).
Tenure
Heritable. (Scottish equivalent of Freehold).
Location
Miles
18 miles south-east of Glasgow
Roads
A73, A721, M8 (Junction 6), M74 (Junction 8)
Rail
Wishaw Railway Station
Air
Glasgow Airport
Situation
The property is prominently situated on the northern side of Kirk Road, in the heart of the town centre. Nearby occupiers include Iceland, Santander, Costa, Subway, Domino's and JD Wetherspoon (opposite).
Tenure
Heritable. (Scottish equivalent of Freehold).
Description
The property comprises a substantial, category C listed, former bingo hall arranged over ground, basement, mezzanine, circle and circle foyer floor levels. The property benefits from income from a radio mast on the roof (1).
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with North Lanarkshire Council. (www.northlanarkshire.gov.uk) (Phone: 0345 143 0015)
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 substantial, category C listed, former bingo hall arranged over ground, basement, mezzanine, circle and circle foyer floor levels. The property benefits from income from a radio mast on the roof (1).
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with North Lanarkshire Council. (www.northlanarkshire.gov.uk) (Phone: 0345 143 0015)
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 sq m
Floor Areas (Approx sq ft)
Tenant
Ground Basement (Plant) Mezzanine Circle Foyer Circle
Former Bingo Hall
1,570.81 - 334.90 375.35 878.63
(16,908) - (3,605) (4,040) (9,457)
VACANT
Total
3,159.69
(34,010)
(1) Please note that the property is subject to income from a radio mast on the roof at £12,500 pa, payable annually in advance from 18th April. The lessee is holding over and terms have been agreed for a new lease at a new rent of £5,000 pa, with all professional costs to be met by the mast lessee - please see legal pack.
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.
