• Self contained, modern, upper floor office space
• Potential for alternative use (gym, dance studio, etc.)
• Excellent window frontage to Bank Street
• Double glazing and central heating
• Town centre location
• 100% rates relief for smaller suites
• From 100.74 sq m (1,084 sq ft) to 208.51 sq m (2,244 sq ft)
• Rent from £8,000pa
• Fixed price (whole space) £100,000
Location
The property is formed to the west of Bank Street, between it’s junctions with Anderson Street to the north an Stirling Street to the south, and within the town centre of Airdrie. Bank Street and Stirling Street are the main retail streets within Airdrie, and the property enjoys a prominent first floor position above retail units.
Airdrie itself comprises one of the largest settlements in North Lanarkshire, having a population of approximately 37,000 and being located approximately 12 miles east of Glasgow City Centre. The town is located adjacent to the M8 motorway, the main link between Glasgow and Edinburgh, and also benefits from a railway station, which is located in the town centre, a short distance sout of the property. The A89 is the main road passing through the town and there are regular bus services passing along this and adjacent streets, with direct connections to Glasgow City Centre and local areas.
Accommodation
Description
The property comprises a modern, first floor office, accessed via a dedicated entrance from street level. The building is constructed of brick and block, having a pitched roof overlaid in concrete tiles
The space is designed to a modern standard and benefits from the following specification:
• Central heating system (served by two boilers)
• Raised access floor incorporating integrated floor boxes (power and data)
• Modern double glazing
• Suspended acoustic tiled ceiling with modern fluorescent fittings
• Dedicated kitchen and toilet area
• Modern fire alarm sytem
• Excellent natural daylighting via front and rear facing windows
The space is designed to form largely open plan space, with two smaller office spaces and a store formed within the space.
There are modern male and female toilet facilities and a small kitchen area, accessed off the main first floor landing, which are dedicated to the first floor office space.
Areas/Accommodation
The space is designed around a central stairwell, and is formed via two interconnected suites and therefore can be occupied as a single or two units.
From sizes taken at the time of our inpsection, and in accordance with the current RICS Code of Measuring Practice, we calculate the property to extend to the following net internal areas:
North suite: 107.77 sq m (1,160 sq ft)
South suite: 100.74 sq m (1,084 sq ft)
TOTAL: 208.51 sq m (2,244 sq ft)
Terms
Rating
The property has a Rateable Value of £25,000.
The current Uniform Business Rate is £0.48.
If the two suites are occupied separately, they will both fall under the Small Business Bonus Scheme threshhold, qualifying for 100% rates relief, in which case no rates would be payable.
Lease
As detailed above, the space can be occupied on the basis of a single occupation, at a rent of £17,000pa.
Alternatively, the space can be split into two suites with rents as detailed below:
North Suite: £9,000pa
South suite: £8,000pa
Sale
Our client is seeking £100,000 in respect of the entire first floor office space.
VAT
VAT is payable on the rent and other outgoings.
Energy Performance
The property has an EPC rating of G. A full copy of the EPC can be made available to interested parties upon request.
Legal Costs
Each party will bear their own legal costs in the transaction. The purchaser will be responsible for the cost of any Registration Dues or LBTT.