Retail Property (high street) for sale

9 Stewarton Street,Wishaw,ML2 8AJ

Offers Over 1,644 sq. ft. | £315,000

Property Description

Commercial information

  • 1,644 sq ft (152 sq m)
  • Use class orders: A2 Financial and Professional Services

Key features

  • 9 Stewarton Street, Wishaw, ML2 8AJ
  • Secure retail investment
  • Well-presented unit of 152.67 sq.m (1644 sq.ft)
  • Let to Ladbrokes Betting & Gaming Ltd until November 2024
  • 32,500 per annum
  • Price reduced to 315,000
  • VAT free investment
  • Net Initial Yield 10%

Full description

Tenure: Freehold

The subjects comprise a large, mid terraced retail unit
within a single storey parade of traditional construction. The
unit has a single display window with Ladbrokes corporate
signage above.

Internally, the unit has been split to form a well-presented
main sales area with staff counter, customer toilets,
staffroom and staff toilet.

FLOOR AREAS
From our on-site measurements we calculate the property
to extend to the following floor areas:
NIA 152.46 sq.m (1644 sq.ft)
ITZA 106.28 sq.m (1144 sq.ft)

TENANCY
The property is let to Ladbrokes Betting & Gambling Ltd
on an FRI lease expiring November 2024 with a tenant
break option in November 2019. The current passing rent
is 32,500 p.a.

COVENANT
Ladbrokes Betting &Gaming Ltd has a Dun & Bradstreet
rating of 5A1 reporting a turnover for the year ending
December 2014 of 824m, a pre-tax profit of over 54m
and shareholder funds of over 1.869 billion.

PRICE
Offers over 315,000 are invited for our clients heritable
interest, which represents a net initial yield of 9% assuming
purchasers costs of 3.51%

There is no VAT applicable on this transaction.

EPC
Available upon request.

More information from this agent

Nearest stations

  • Wishaw (0.5 mi)
  • Shieldmuir (1.8 mi)
  • Clelend (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

DM Hall , Glasgow

14 Newton Place, Glasgow, G3 7PY

0141 392 0859 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Wishaw (0.5 mi)
  • Shieldmuir (1.8 mi)
  • Clelend (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

DM Hall , Glasgow

14 Newton Place, Glasgow, G3 7PY

0141 392 0859 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference WSA892. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by DM Hall , Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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