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PIZZA HUT TAKE AWAY INVESTMENT - GATESIDE ST HAMILTON - INCOME PRODUCING £18,000p.a.x.

For sale: POA|1000 Sq Ft|Retail - High Street, Retail - Out of Town, Restaurant/Cafes, Restaurant/Cafes, Retail

PROPERTY DETAILS

FOR SALEPOA
SIZE1000 Sq Ft
ADDRESSPizza Hut (Uk) Ltd, Unit C, 21 Gateside Street, Hamilton, South Lanarkshire, ML3 7HT
TYPERetail - High Street, Retail - Out of Town, Restaurant/Cafes, Restaurant/Cafes, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th October 2020

DESCRIPTION

Prominent Roadside Position
Rear Parking
Ground Floor Unit
1,000sq ft
Pizza Hut Franchise
Expiry September 2024
Passing Rent: £18,000p.a.

Location

The property is situated on a prominent corner position on the busy thoroughfare of Gateside Street in Hamilton.

Hamilton is situated approximately 12 miles south east of Glasgow city centre. The town has excellent transport links with the A725 providing access to Scotland’s motorway network of the M8 and M74. The subjects are located on the eastern side of Gateside Street at its junction with Woodside Walk. The subjects are also in close proximity to the town’s main rail and bus stations. Nearby occupiers include Laurie Ross Insurance, Thombeau business equipment, Igloo estate agents.

Property

The property has been fully refurbished by the tenant with the frontage offering main customer entrance and separate delivery entrance. The full frontage is of aluminium framed and glazed construction with twin glazed display windows. Internally the space has been portioned to form main servery, separate delivery area, with cold store, staff room and private w.c. facilities to the rear. The property benefits from electric upgrades and L.E.D. lighting through ought along with lam innate timber flooring to the front and linoleum to the rear. Extraction canopy and flue and located to the rear of the demise.

Area

The property has been measured on a net internal area basis and calculated to extend to the following floor area;

Ground: 92.9sqm (1,000sq ft)

Executive Summary

The property is held on a new full repairing and insuring head lease on the following terms;

Tenant: Yum!111 (UK) Ltd t/a “Pizza Hut”
Expiry: 22nd September 2024
Passing Rent: £18,000p.a.

Price

The portfolio is available on a freehold basis, price on application

V.A.T.

Figures quoted are exclusive of V.A.T.

Lease & Title

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction.

E.P.C.

Available on Request

L.B.T.T. & Registration Dues

The purchaser shall bear responsibility for any L.B.T.T. & registration dues incurred in the transaction

LOCATION

Location: Pizza Hut (Uk) Ltd, Unit C, 21 Gateside Street, Hamilton, South Lanarkshire, ML3 7HT

Hamilton Central (0.2 miles)

Hamilton West (0.9 miles)

Chatelherault (1.4 miles)

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