Commercial Property for sale

17-23 Bank Street, Airdrie, Lanarkshire, ML6

Offers in Region of £500,000

Property Description

Commercial information

  • Use class orders: A1 Shops, A2 Financial and Professional Services and A3 Restaurants and Cafes

Key features

  • TOWN CENTRE LOCATION
  • MULTI-LET RETAIL PARADE
  • BLUE CHIP TENANTS
  • PARADE OF 6 RETAIL UNITS
  • TENANTS INCLUDE Clydesdale Bank PLC & Scot-mid
  • CURRENT NET INCOME OF 84,110p.a.x.
  • DEDICATED CAR PARK
  • RARELY AVAILABLE OPPORTUNITY
  • O/O 525,000

Full description

Tenure: Freehold

Town Centre Location
Parade of 6 Retail Units
Tenants Including Clydesdale Bank & Scotmid
Net Income: £84,110p.a.x
O/O £525,000

Location

The subjects are situated on the West side of Bank Street, at its junction with Anderson Street within the town centre of Airdrie. The town of Airdrie lies around 12miles to the East of Glasgow city centre, the town and surrounding area has been subject to ongoing residential development over the years. Airdrie has a resident population in excess of 40,000 and is situated to the North of the recently upgraded M8 motorway, providing a faster road between Glasgow and Edinburgh, benefitting the commuter towns along the route. Neighbouring occupiers include Boots the Chemist, Burton Menswear, Betfred, Farmfoods, Thomas Cook & Nationwide Building Society.

Subjects

The subjects comprise an unbroken 2 storey retail parade of steel framed construction surmounted by a pitched roof overlaid in tile.

The parade comprises 4 retail units along Bank Street with 2 retail units situated facing onto Anderson Street.

Each of the subjects benefit from prominent aluminium framed glazed frontage with access via single aluminium doors, with Scotmid, Clydesdale Bank, Brian Michie Opticians and Chunky Monkey benefitting from double doors.

Scot-mid & Clydesdale Bank occupy the first floor in its entirety with Scot-Mid, Clydesdale Bank & Brian Michie Opticians benefitting from Basement levels.

The subjects have been fit out to good standards throughout, with each of the anchor tenants fitting out in accordance with their corporate branding.

Area

The subjects offer the approximate floor areas:

Bank Street
17 Ground 47.47sqm (511sq ft)

19 Ground: 103.19sqm (1,111sq ft)
         1st: 190.62sqm (2,041sq ft)
      Bsm: 50.6sqm      (545sq ft)

21 Ground: 69.53sqm (748sq ft)
       Bsm: 9.74sqm    (105sq ft)

23 Ground: 172.81sqm (1,860sq ft)
          1st: 149.01sqm (1,604sq ft)
        Bsm: 16.91sqm  (182sq ft)

Anderson Street

1.    Ground: 61.8sqm (665sq ft)

3.   Ground: 116.41sqm (1,253sq ft)


Investment:

I'll send over the spreadsheet of the tenants if you could Insert that please?

Tenure

The subjects are currently held on a ground lease from North Lanarkshire Council expiring 9th October 2113 at a passing rent of £13,890p.a with upward only rent reviews every 5th Anniversary to 10% of the Gross Income.

Proposal

Our client is offering their interest in the subjects for offers in excess of £525,000

V.A.T

The subjects have been elected for V.A.T however the transaction may he treated as a T.o.G.C

E.P.C

Available on request

Viewing

Available by appointment

Further Information

Copies of documentation such as lease information & title are available on request.


More information from this agent

Nearest stations

  • Airdrie (0.2 mi)
  • Coatdyke (1.0 mi)
  • Drumgelloch (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TSA Property Consultants Ltd, Glasgow

50 Darnley Street, Glasgow, G41 2SE

0141 392 0844 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

  • Airdrie (0.2 mi)
  • Coatdyke (1.0 mi)
  • Drumgelloch (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TSA Property Consultants Ltd, Glasgow

50 Darnley Street, Glasgow, G41 2SE

0141 392 0844 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.

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