Prime Location
Modern Development
1,700sq ft
Let To Ladbrokes
Tenant In Situ Since 2001
Lease Extended to 2031
Passing Rent: £18,000p.a.
Price: £245,000
Location
The property is situated on the south side of Hamilton Road at its junction with Lightburn Road within the suburb of Cambuslang. The property is situated in a busy commercial locale while surrounded by dense residential dwellings with a number of local and national commercial operators on close proximity along with schools and parks. Cambuslang is approximately 5 miles south east of Glasgow City Centre. It has a resident population of over 22,000 and an estimated catchment of 300,000 within a fifteen-minute drive time.
Property
The property comprises an end terraced commercial unit with a larger single storey commercial parade of modern construction surmounted by a pitched roof. The development benefits from rear loading /access via a secure steel gate at the gable end of the demise.
The property under consideration offers a large multi display window frontage with single access door of aluminium framed and glazed construction. Internally the property is fitted out to a high standard with laminated timber and linoleum flooring throughout, with partitions erected to form w.c. facilities, staff office and tea prep to the rear.
Heating and cooling is provided by way of air conditioning units recessed within the suspended acoustic tile ceiling.
Area
The property has been calculated to extend to the following internal area;
158sq ft (1,700sq ft)
Lease Summary
The property is held on a full respiring and insuring head lease on the following terms;
Tenant: Ladbrokes Betting & Gaming Ltd
Expiry: 27th May 2031 (Extended)
Passing Rent: £18,000p.a.
Rent Review: 28th May 2026
Tenant Break: 27th May 2026
Further: The tenant has been in situ since December 2001. Ladbrokes Betting and Gaming Limited for the year ending 31st December 2019 had a turnover of £983,371,000 with a profit before taxation of £462,204,000. The tenant is one of the leading British betting and gambling companies established in 1886 employing over 16,000 people
Price
The property is available on a freehold basis for £245,000
V.A.T.
Figures quoted exclusive of V.A.T.
Lease & Title
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
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
