From
£260,000
Property for saleNeilsland Road, Hamilton ML3
Auction
About this property
High Yielding Retail/Leisure Investment
Comprises Parade of Two Units
Fully Let to William Hill
New 15 Year Lease
Seven Year Term Certain
Producing £26,000 per annum
Index Linked Rent Reviews
Established and Popular Location
Guide Price Reflects 10% Gross Yield
No VAT
Strapline
Auction Sale - 19/03/2024
Of Interest to Investors
High Yielding Retail/Leisure Investment
Fully Let to William Hill on a New 15 Year Lease at £26,000 per annum
Description
The property comprises a high yielding retail investment let to the undoubted covenant of William Hill.
Arranged as two adjoining retail/leisure units, the property is let in its entirety to William Hill on a new 15 year lease paying an annual rent of £26,000. The rent is reviewed 5 yearly in line with the Consumer Price Index (cpi) but also includes a minimum and maximum increase of 1%-3% annually. We understand William Hill sub-let the pub unit.
Neilsland Road is a major thoroughfare through Hamilton, a popular suburb of Glasgow. The town sits at a major junction of the M74 motorway and is therefore popular with commuters.
The property forms part of the principal local amenity with adjacent units including the Post Office and Coop Convenience Store.
Tenancy
The property is let in its entirety to William Hill Organization Limited on a new 15 year lease paying an annual rent of £26,000.
The lease includes five yearly, cpi linked, rent reviews with a cap and collar of 1%-3%. There is a tenants break option in the 7th and 12th year.
Auction Sale - 19/03/2024
Of Interest to Investors
High Yielding Retail/Leisure Investment
Fully Let to William Hill on a New 15 Year Lease at £26,000 per annum
Description
The property comprises a high yielding retail investment let to the undoubted covenant of William Hill.
Arranged as two adjoining retail/leisure units, the property is let in its entirety to William Hill on a new 15 year lease paying an annual rent of £26,000. The rent is reviewed 5 yearly in line with the Consumer Price Index (cpi) but also includes a minimum and maximum increase of 1%-3% annually. We understand William Hill sub-let the pub unit.
Neilsland Road is a major thoroughfare through Hamilton, a popular suburb of Glasgow. The town sits at a major junction of the M74 motorway and is therefore popular with commuters.
The property forms part of the principal local amenity with adjacent units including the Post Office and Coop Convenience Store.
Tenancy
The property is let in its entirety to William Hill Organization Limited on a new 15 year lease paying an annual rent of £26,000.
The lease includes five yearly, cpi linked, rent reviews with a cap and collar of 1%-3%. There is a tenants break option in the 7th and 12th year.
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