Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
13 miles north-east of Glasgow
Roads
A8011, M80
Rail
Cumbernauld Rail
Air
Glasgow International Airport
Situation
The property is situated in a prominent corner location on St Mungo’s Road, just off Central Way (A8011) within close proximity of both Cumbernauld Shopping Centre and Antonine Shopping. In addition, there is a 24 hour Tesco Extra superstore the other side of Central Way on Tryst Road.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Location
Miles
13 miles north-east of Glasgow
Roads
A8011, M80
Rail
Cumbernauld Rail
Air
Glasgow International Airport
Situation
The property is situated in a prominent corner location on St Mungo’s Road, just off Central Way (A8011) within close proximity of both Cumbernauld Shopping Centre and Antonine Shopping. In addition, there is a 24 hour Tesco Extra superstore the other side of Central Way on Tryst Road.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Description
The property comprises a substantial ground floor retail warehouse unit with first floor ancillary accommodation. The property also benefits from a service yard and a large car park for approximately 170 cars.
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 substantial ground floor retail warehouse unit with first floor ancillary accommodation. The property also benefits from a service yard and a large car park for approximately 170 cars.
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
Review
Ground First
Retail Warehouse Ancillary
3,303.98 sq m
(35,564 sq ft)
B & M RETAIL LIMITED (1)
10 years from 25/10/2010 until 24/10/2020 on a full repairing and insuring lease (2)
£225,000
25/10/2015
Totals
3,303.98 sq m (3)
(35,564 sq ft) (3)
£225,000
(1)) For the year ending 31st December 2011, B & M Retail Limited reported a turnover of £712,572,000, pre-tax profits of £51,702,000 and a total net worth of £105,539,000. (Source: www.riskdisk.com 22/02/2013) (2) The lease is subject to a schedule of condition. (3) The areas are gross internal and are stated in the lease.
