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For Sale£320,000.00

T.S.B. Investment in Town Centre Larkhall For Sale

Retail, Office, General Industrial, General Retail, Retail - High Street, Offices, Industrial
Property type: Retail, Office, General Industrial, General Retail, Retail - High Street, Offices, Industrial
Tenure: Investment Opportunity
Price: £320,000.00
Location: 72 Union Street, ML9 1DR
Prime Town Centre Investment
Let to Lloyds TSB Scotland Ltd
Passing Rent of £23,000p.a.x
Lease Expiry 15/5/2021
£320,000

Location
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 equi-distant to its junctions with King Street and Montgomery Street. Neighbouring occupiers include; Greggs, B&M Home Bargains, Lloyds Pharmacy, Ladbrokes, William Hill & Optical Express.

Subjects
The subjects comprise a single storey end terrace bank premises. The subjects are of steel frame construction overlaid by a flat roof of what we believe to be bituminous felt. The subjects benefit from prominent frontage with automatic entrance doorway. Internally the subjects have been decorated and fit out to Lloyds TSB company branding standards.

The subjects benefit from private office, staff tea prep and w.c. facilities.

Tenancy
Tenant: Lloyds TSB Scotland Ltd
Rent: £23,000p.a.x.
Term: 3rd May 2011 - 15th May 2021

The tenant has a full repairing and insuring lease in place with no due break options remaining.

Proposal
Our client is offering their freehold interest in the subjects for £285,000 representing a Gross Initial Yield of 7%

V.A.T.
All prices and premiums quoted are exclusive of V.A.T.

Viewing
Via appointment with the sole marketing agent ONLY.
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