Nickel & Dime Main Street, Wishaw, North Lanarkshire

Town Centre Retail Premises
Full Building
3,913sq ft
Held on F.R.I Lease t/a Nickel & Dime
Expiry: 3rd July 2035
Passing: £20,000p.a.
Fixed Increases to £25,000p.a.
Price: o/o £230,000

Location

The property is situated in North Lanarkshire within the town centre of Wishaw. Wishaw is located approximately 20 miles East of Glasgow City Centre and 38 miles to the West of Edinburgh. The location serves as the main retailing parade in Wishaw with occupiers being a mix of local and national covenant strength. Some examples include Bank of Scotland, Greggs Plc and Lloyds Pharmacy.
Wishaw benefits from nearby access to Junction 6 of the M8 Motorway to the North and Junction 7 of M74 to the South, both of which connect with major road networks throughout Scotland.
The location benefits from nearby access to Wishaw Train Station which is located less than a mile away. This provides a direct route to and from the city centre of Glasgow, as well as neighbouring
towns

Property

The property comprises the ground floor of a larger 2-storey building of stone construction. The property benefits from a large attractive glazed frontage onto Main Street which carries high levels of both pedestrian and vehicular traffic.

Internally, the property is laid out in a predominantly open plan fashion with the majority of the space being utilised for sales purposes. The upper floor is accessed via a single staircase to the rear providing ancillary storage.

Area

The property extends to the following floor area:

Ground: 283.8sqm (3,055sq ft)
1st: 79.72sqm (858sq ft)

Total: 363.52sqm (3,913sq ft)

Lease Summary

Tenant: Wishaw Trading Post Ltd
Expiry: 3rd July 2035
Passing Rent: £20,000p.a.
Rent Increases: Fixed rental increase to £22,500p.a. in 2028 & £25,000p.a. in 2030
Tenant Break: The tenant has a break option in 2030.
Nickel & Dime is a small, independent Scottish hardware, household goods, and discount retail chain they operate approximately 18 stores, primarily in Scotland.

Price

The property is available on a freehold basis for o/o £230,000

E.P.C.

Available on request

Legal

Each party shall bear responsibility for their own legal costs

V.A.T.

Figures quoted exclusive of V.A.T

Title & Lease

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

TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.