33 Stirling Street, Airdrie, ML6 0AH

Guide Price* : £110,000

Upon Instructions of

  • Retail investment
  • Available on sale and lease back arrangement with Countrywide Plc
  • Property to be sold by sale and leaseback arrangement
  • Guide price of £110,000 reflects an attractive NIY of 9.8%

Description

The property comprises a retail unit occupied by Countrywide with Bonnar and Co Solicitors occupying the upper floors.

Location

Airdrie is a town in North Lanarkshire, approximately 12 miles east of Glasgow.

Located on Stirling Street surrounding occupiers are both retail and restaurant operators including Farmfoods, Coral and TUI and other local retailers. Airdrie Station is situated 0.2 miles from the property and provides connection to Glasgow in circa 25 minutes.

Tenure

Freehold

Tenancy

The property is available on a sale and leaseback arrangement to Countrywide Plc. The lease will be for a term of 10 years with a break in the fifth year, at a rent of £11,000 per annum. Please consult the legal pack for the draft lease.

Planning Authority

North Lanarkshire Council - www.northlanarkshire.gov.uk

VAT

The property is elected for VAT

Contact

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

The auction has not yet started
Minimum Opening Bid

£110,000


Bidding Opens On
11th Sep 2019 13:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Local Authority

North Lanarkshire Council

Office Contact

Brontie Peacock
020 3824 4706

Vendor

Countrywide Plc

Legal Documents

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Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton August 2019

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.