Buzz Bingo Coatbridge, Faraday Retail Park, Coatbridge, Lanarkshire, ML5
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- Primary use
- Other
Key features
- Long leasehold leisure investment (142 years unexpired at peppercorn)
- Let to Buzz Group Ltd - largest bingo operator in the UK
- Excellent location in Central Coatbridge and within Faraday Retail Park
- WAULT of over 14 years
- Current rent of £286,395 pa - equating to £9.80 psf
- Annual RPI indexed rental collar and capped 1% and 4% - next review January 2026
- The premises comprises approximately 29,223 sq ft (2,715 sq m) on a 1.87 acre site
Description
Coatbridge is located within North Lanarkshire, approximately 8 miles east of Glasgow. The property is prominently situated within Faraday Retail Park, which is located off the A725. Outside of the retail park, the area is predominantly residential. The area is well connected to the wider Scottish trunk road network, located 1.5 miles north of the M8.
SITUATION
The property is situated on a busy retail park with occupiers including TK Maxx, Currys, B&M, Poundland and Tesco. Surrounding the site and retail park is predominantly residential housing with further large occupiers including B&Q and Asda alongside several hospitality venues.
The property is well-connected to public transport with two train stations within 12minutes walking distance of the property; Coatbridge Central followed by Whiffet. Both stations provide services into Glasgow city centre. The retail park has a dedicated bus stop with services to the local area.
PROPERTY DESCRIPTION
The property is a modern, purpose-built bingo hall of steel framed construction. Internally, the main bingo hall with bar and diner is on the ground floor, with staff areas on the first floor. The building extends 29,223 sq ft on a 1.87-acre site. There is a customer car park for approximately 54 vehicles, with additional space available on the larger site.
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Brochure
Buzz Bingo Coatbridge, Faraday Retail Park, Coatbridge, Lanarkshire, ML5
About CBRE Pubs, London (Licensed, Leisure & Hotel Property)
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Disclaimer - Property reference Buzz_Bingo_Coatbridge. 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 CBRE Pubs, London (Licensed, Leisure & Hotel Property). 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.