The property comprises a substantial 2 storey corner building of traditional construction with return frontage facing onto Hallcraig St.
Benefitting from a substantial glazed frontage, the property is accessed via an aluminium framed and glazed double door leading to an open plan sales area. Partitions have been erected to form w.c and office, with access to the upper floor being gained via a single staircase to the rear of the demise.
Internally the property has been decorated to suit the tenants requirements, with lighting provided by way of L.E.D banks recessed within the suspended acoustic tile ceiling.
The entrance is secured by way of an aluminium roller shutter.
Location
The property is situated on the east side of South Bridge Street, at its junction with Hallcraig Street and Mill Loan within Airdrie town centre.
Airdrie is a well populated town within the North Lanarkshire area with a population of of c.35,XXXersons and a further catchment of 340,000. The town is undergoing expansion with residential and commercial developments ongoing within its outskirts and upgrading of public transport infrastructure.
Neighbouring occupiers include Sunshak Tanning Salon, Bank of Scotland, Timpsons, Nobel Amusements & Peak Fitness 4 U.
Accommodation
The property has been measured on a net internal area basis to extend to the following floor area;
Ground: 165sqm (1,776sq ft)
1st: 180.69sqm (1,945sq ft)
Terms
Investment Summary - The property is held on a full repairing and insuring head lease on the following terms;
Tenant: St Andrews Hospice (Lanarkshire) Ltd
Term:15/10/19 - 14/10/2029
Tenant Break: Yrs 3,5 & 7 giving 6 months notice
R/R 5 yearly fixed increase to £19,XXXa
Passing Rent: £17,XXX.a with fixed increase to £19,XXX.a on 5th anniversary
Price - On application
V.A.T - Figures quoted are exclusive of V.A.T
E.P.C - Available on written request
Legal Costs - Each party shall bear their own legal costs incurred in the transaction
Specification
- Prime Corner Position
- Substantial Corner Building
- Tenant: St Andrews Hospice (Lanarkshire)
- Rent: £17,XXXa
- Expiry: 14/10/2029
- Review: 2024 with fixed increase to £19,XXXa
- Price On Application