2 South Muirhead Road Cumbernauld Glasgow Lanarkshire G67 1AW

  • 2 South Muirhead Road<br>Cumbernauld<br>Glasgow<br>Lanarkshire<br>G67 1AW

2 South Muirhead Road
Cumbernauld
Glasgow
Lanarkshire
G67 1AW

Heritable (Scottish Equivalent of English Freehold) Retail and Leisure Investment

  • Tenants include Burger King, Blockbuster, Domino's and Indigo Sun
  • Excellent access to the M73 and M80 (Junction 4)
  • Prominent position in established commercial area with nearby occupiers including Asda Supermarket, KFC, McDonald's and Premier Inn
  • On-site car parking for 58 cars
  • Lot
    16
  • Auction
    8th July 2010
  • Rent
    £181,800 per Annum
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
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Heritable (Scottish Equivalent of English Freehold) Retail and Leisure Investment

  • Tenants include Burger King, Blockbuster, Domino's and Indigo Sun
  • Excellent access to the M73 and M80 (Junction 4)
  • Prominent position in established commercial area with nearby occupiers including Asda Supermarket, KFC, McDonald's and Premier Inn
  • On-site car parking for 58 cars
  • Lot 16
  • Auction 8th July 2010
  • Rent £181,800 per Annum
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP

Property Information

Location
Miles
 14 miles south-west of Glasgow
39 miles west of Edinburgh
Roads
 A80, M73, M80, M8
Rail
 Cumbernauld Railway Station
Air
 Glasgow Airport
Situation

The property is situated in a prominent position in South Muirhead Court at the busy junction of South Muirhead Road and Central Way (A8011). This provides direct access to the A80, the main arterial route linking Cumbernauld with Glasgow. South Muirhead Court is an established commercial area that has attracted occupiers including Asda Supermarket, KFC, McDonald's, Premier Inn and Pizza Hut.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Location
Miles
 14 miles south-west of Glasgow
39 miles west of Edinburgh
Roads
 A80, M73, M80, M8
Rail
 Cumbernauld Railway Station
Air
 Glasgow Airport
Situation

The property is situated in a prominent position in South Muirhead Court at the busy junction of South Muirhead Road and Central Way (A8011). This provides direct access to the A80, the main arterial route linking Cumbernauld with Glasgow. South Muirhead Court is an established commercial area that has attracted occupiers including Asda Supermarket, KFC, McDonald's, Premier Inn and Pizza Hut.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property comprises A drive thru restaurant and two modern ground floor units, (one of which is sub-divided) to provide TWO RETAIL UNITS and a TAKEAWAY UNIT. The properties benefit from on-site car parking for 58 cars, 20 of which are exclusive to Burger King.

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 drive thru restaurant and two modern ground floor units, (one of which is sub-divided) to provide TWO RETAIL UNITS and a TAKEAWAY UNIT. The properties benefit from on-site car parking for 58 cars, 20 of which are exclusive to Burger King.

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 Reviews
Unit 1 Retail
285.86 sq m
(3,077 sq ft)
BLOCKBUSTER ENTERTAINMENT LIMITED (1) 15 years from 31/05/2002 until 27/05/2017 £51,000 31/05/2012
Unit 2 Restaurant
260.22 sq m
(2,801 sq ft)
BURGER KING LIMITED (2) 25 years from 11/06/2002 until 27/06/2027 £75,000 11/06/2012 and
5 yearly thereafter
Unit 3 Retail
173.45 sq m
(1,867 sq ft)
INDIGO SUN RETAIL
LIMITED (3)
15 years from 16/08/2002 until 15/08/2017 £32,500 16/08/2012
Unit 3A Takeaway

108.51 sq m


(1,168 sq ft)
DP REALTY LIMITED
(t/a Domino's Pizza) (4)
20 years from 31/05/2002 until 30/05/2022 £23,300 31/05/2012 and
5 yearly thereafter
Totals  

828.04 sq m

(8,913 sq ft)
    £181,800  

(1) For the year ending 4th January 2009, Blockbuster Entertainment Limited reported a turnover of £293,376,000, pre-tax profits of £3,008,000 and a total net worth of £48,848,000.
(Source: www.riskdisk.com 09/06/2010) (2) Burger King Ltd is the second largest fast food hamburger chain in the world and operates from more than 12,100 branches in 74 countries and US territories worldwide. (Source: www.bk.com 09/06/2010) (3) Indigo Sun Retail Ltd offer award winning tanning services from 37 salons nationwide, mainly located in Scotland.
(Source: www.indigosun.co.uk 10/06/2010) (4) For the year ending 28th December 2008, DP Realty Limited reported a turnover of £10,930,000, pre-tax profits of £596,000 and a total net worth of £862,000. (Source: www.riskdisk.com 09/06/2010)

Contacts

Associate Auctioneers
Whitlaw Baikie Figes 78 St Vincent Street
Glasgow
G2 5UB
+44 (0)141 204 3335
Gavin Anderson +44 (0)141 221 6161gavin@wbf.co.uk
Seller's Solicitors
Hardy Macphail Solicitors 78 St Vincent Street
Glasgow
G2 5UB
+44 (0)141 221 4216
Julie Macphail +44 (0)141 204 0841jgm@hardymacphail.com

Useful Links

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

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