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For Sale£100,000.00

Investment For Sale: 80 Union Street Larkhall ML9 1DR "British Red Cross"

Retail, Retail - High Street, Retail - Out of Town , 625
Property type: Retail, Retail - High Street, Retail - Out of Town
Tenure: Investment Opportunity
Size: 625
Price: £100,000.00
Location: 80 Union Street, ML9 1DR
• Prime Town Centre Retail Investment
• Let To “British Red Cross”
• Passing Rent of £8,500per annum
• £100,000 with GIY of 8.5%

The subjects are located on Union Street in Larkhall in South Lanarkshire which has a population of approximately 15,000 persons. Union Street is the main retail parade within Larkhall with ample on street and dedicated car parking along with ample public transport links.

The subjects are situated on the West side of Union Street facing East close to its junction with King Street. Neighbouring occupiers include; Greggs, Lloyds Pharmacy, Coral Bookmakers, Farmfoods, T.S.B, William Hill & Optical Express.

The subjects comprise a single storey mid-terrace retail premises within a single storey steel framed retail parade overlaid by what we assume to be a pitched profile aluminium sheet roof. Internally the subjects are formed to offer main retail area to the front of the subjects with staff facilities, w.c. and storage to the rear of the demise. The subjects benefit from a prominent frontage with windows and entrance door being of an aluminium framed glazing.

Internally, lighting is provided by way of flourescent strip lighting and halogen spot lamps recessed within a suspended acoustic tile ceiling. Floors are overlaid by laminated timber.

The subjects are let to British Red Cross on a Full Repairing and insuring basis at a passing headline rent of £9,750per annum. This Figure has been reduced to £8,500per annum until the lease expiry on 27/2/2019. In the subjects current condition, an E.R.V. of £10,000-£12,000per annum is not unreasonable.

Our client is offering their freehold interest to the market for offers over £100,000. The subjects have been elected for V.A.T. as such the transaction could be treated as a ToGC

Unless otherwise stated, all prices and premiums quoted are exclusive of V.A.T.

Available upon request
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