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Agent's details

Prime Retail Unit - For Sale / To Let

For sale: £425,000.00|To rent: £42,500.00 Per Annum|Retail, General Retail, Retail - High Street, Retail - Out of Town, Retail Park

Property details

FOR SALE£425,000.00
TO RENT£42,500.00 Per Annum
ADDRESS74-76 Graham Street, Airdrie, ML6 6DH
TYPERetail, General Retail, Retail - High Street, Retail - Out of Town, Retail Park
TENURETo Let, For Sale Leasehold
POSTED ON12th December 2023

Description

Location
Airdrie is a town of approximately 36,000 people situated some 12 miles east of Glasgow and draws extensively from the wider North Lanarkshire population of approximately 321,000 people. The premises occupy an excellent location linking prime Graham Street with Gartlea Retail Park. The town’s major health centre development, directly adjacent, is now well established and generates an estimated 4,500 customers daily. The ground floor of that development is anchored by Home Bargains. Other nearby retailers include Poundland, Card Factory, Greggs, WH Smith, Boots and Iceland.

Accommodation
The premises comprise a retail unit, configured over ground and first floor levels, extending to the following approximate areas:

Ground Floor: 3,406 sq ft / 316.4 sqm
First Floor: 1,396 sq ft / 129.7 sqm

Rent
Offers in excess of £42,500 per annum exclusive are invited.

Heritable Interest
Offers in excess of £425,000 exclusive are sought in respect of the heritable interest in the property.

Service Charge
The current on account service charge is £4,065 per annum exclusive.

Rating
The Rateable Value of the unit is as follows:
Rateable Value £26,000
Commercial Rate Poundage £0.498 (exclusive of water and sewerage rates)

VAT
All figures are quoted exclusive of VAT.

EPC
A copy of the EPC will be made available as required.

Use
Class 1A (Retail)

Terms
The subjects are offered on the basis of a new full repairing and insuring lease of negotiable length.

Legal Costs
Each party shall be responsible for their own legal costs incurred with this transaction, with the ingoing tenant being responsible for LBTT, tax, registration dues and VAT incurred thereon.

Location

marker
Location: 74-76 Graham Street, Airdrie, ML6 6DH

Airdrie (0.2 miles)

Drumgelloch (1.1 miles)

Coatdyke (1.1 miles)

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