Haldanes Supermarket Caledonian Road Larkhall South Lanarkshire ML9 1EP

Haldanes Supermarket
Caledonian Road
Larkhall
South Lanarkshire
ML9 1EP

Retail Investment

On behalf of The co-operative
Let to Haldanes Stores Limited until 2035
Rental guarantee from Co-Operative Group Limited
Annual rental increases with rent reviews to the RPI (capped between 2%-4%)
Nearby occupiers include Lloyds TSB, Lloyds Pharmacy, Optical Express, Greggs and Farmfoods

Lot
50
Auction
27th May 2010
Rent
£150,000 per Annum
Status
Sold
Price
£1,090,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Retail Investment

On behalf of The co-operative
Let to Haldanes Stores Limited until 2035
Rental guarantee from Co-Operative Group Limited
Annual rental increases with rent reviews to the RPI (capped between 2%-4%)
Nearby occupiers include Lloyds TSB, Lloyds Pharmacy, Optical Express, Greggs and Farmfoods

Lot 50
Auction 27th May 2010
Rent £150,000 per Annum
Status Sold
Price £1,090,000
Sector
Supermarket/Convenience
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated District Population: 15,500
Miles: 2 miles south of Hamilton; 18 miles south-east of Glasgow
Roads: M74, A71, A72
Rail: Larkhall Rail
Air: Glasgow International Airport?

Situation

The property is situated between Caledonian Road and Union Street, opposite Larkhall Rail Station. The property benefits from pedestrian access via a lane from the main retail pitch, Union Street, and vehicular access from Caledonian Road.

Tenure

Heritable.

Location

Estimated District Population: 15,500
Miles: 2 miles south of Hamilton; 18 miles south-east of Glasgow
Roads: M74, A71, A72
Rail: Larkhall Rail
Air: Glasgow International Airport?

Situation

Tenure

Heritable.

Description

The property comprises a PURPOSE BUILT SUPERMARKET with GROUND FLOOR RETAIL ACCOMMODATION on part ground and first floors. The property benefits from an extensive car park and a separate service yard. Please note there is a telephone mast on site. VATVAT is applicable on this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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
Ground First	Retail Ancillary Office/Ancillary	1,054.09 sq m 447.35 sq m 339.00 sq m	(11,347 sq ft) (4,815 sq ft) (3,649 sq ft)	HALDANES STORES LIMITED (1)(2)	25 years from 13/03/2010 until 2035 on a full repairing and insuring lease (3)	£150,000	Annually every March until 2035 (4)
Totals		1,840.44 sq m	(19,811 sq ft)

(1) For the year ending 10th January 2009 Co-Operative Group Limited reported gross sales of ?10,435,200,000, pre-tax profits of ?115,900,000 and total equity and liabilities of ?43,349,200,000. (Source: The Co-Operative Group Annual Report and Accounts 2008) (2) Please note Haldanes have fitted out and have been trading since 16th March 2010. (3) The lease is subject to a 1 year rent free period from commencement of the lease. Co-Operative Group Limited will make payment of an amount equivalent to the rent to cover the balance of this rent free period. Co-Operative Group Limited will then guarantee the rent for a further year. (4) Annual reviews to RPI (capped between 2%-4%).