Hallcraig Street, Airdrie, Lanarkshire, ML6

Town Centre Location
Large 1st Floor Licensed Premises
Approx 11,000sq ft
Held on F.R.I Lease
Expiring 20th July 2027
Passing Rent: £14,000p.a.x.
Price: o/o £130,000

Location

The property is situated on the south side of Hallcraig Street close to its junction with Buchanan Street within Airdrie town centre.

Airdrie is a well populated town within the North Lanarkshire area with a population of of c.35,000persons and a further catchment of 340,000. The town is undergoing expansion with residential and commercial developments ongoing within its outskirts and upgrading of public transport infrastructure.

Neighbouring occupiers include Cheeky Monkeys Soft Play, Boots Opticians, Hallcraig Street Car Park.

Property

The property is accessed via a single entrance at Hallcraig Street with a single staircase leading to the first floor.

Offering an open plan snooker hall with separate pool hall serviced by a centrally located bar / servery.

The property has been renovated by the tenant to a good standard with suspended lighting and carpeted and linoleum floor coverings. Partitions have been erected to form male and female w.c. facilities.

Area

The property has been calculated to extend to the following internal area;

1st: 1,022sqm (11,000sq ft) approx

Lease Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Cue Here (Airdrie) Ltd
Expiry: 20th July 2027
Passing Rent: £14,000p.a.x.
Personal Guarantee Held From Director

Price

The property is available on a freehold basis for o/o £130,000

V.A.T.

Figures quoted exclusive of V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

Lease & Title

Available on request

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time