Offers over
£256,000
(£208.81/sq. ft)
Retail premises for sale5 Main Street, Wishaw ML2
1,226 sq. ft
About this property
Tenant has been in occupation since 2013
Recently renewed for 5 years
Expiry in August 2029
Situated next to Boots, vpz, Lloyds Pharmacy, Bank of Scotland, Savers, Greggs and Poundland
Passing rent of £27,500 per annum = £23.01 Zone A
Offers over £256,000 = niy 10.5%
No VAT payable
Double fronted ground floor retail premises.
2 x large display windows with central customer entrance.
Internally the subjects are fitted out to a high standard with main open-plan front area.
Customer WC’s together with staff WC’s and tea prep are provided.
Location
Wishaw is situated within the North Lanarkshire Local Authority Region approximately 15 miles east of Glasgow and 3 miles east of Motherwell with a population of approximately 30,000.
The subjects are situated in the heart of Wishaw town centre on the south side of Main Street by its intersection with Caledonia Road, Kirk Road and Stewarton Street.
Regular bus services operate on Main Street whilst Wishaw Railway Station is a 10-minute walk south-west.
On-street parking is provided.
Neighbouring occupiers include Boots, vpz, Lloyds Pharmacy, Bank of Scotland, Savers, Greggs, Poundland, Cancer Research and Chest Heart & Stroke Scotland.
Tenancy Information
Let to Coral Racing Limited on Fri terms, no schedule of condition.
Tenant has been in occupation since 2013.
Passing rent of £27,500 per annum = £23.03/sq ft Zone A.
Expiry in August 2029.
Tenant only break option in August 2027, subject to 6 months notice.
6 months rental penalty, £13,750, if tenant exercised the break.
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