80 Union Street, Larkhall, ML9 1DR

 Prime Town Centre Retail Investment
• Let To “British Red Cross”
• Passing Rent of £8,XXXer annum
• £100,000 with GIY of 8.5%

Location
The subjects are located on Union Street in Larkhall in South Lanarkshire which has a population of approximately 15,000 persons. Union Street is the main retail parade within Larkhall with ample on street and dedicated car parking along with ample public transport links.  

The subjects are situated on the West side of Union Street facing East close to its junction with King Street. Neighbouring occupiers include; Greggs, Lloyds Pharmacy, Coral Bookmakers, Farmfoods, T.S.B, William Hill & Optical Express.

Subjects
The subjects comprise a single storey mid-terrace retail premises within a single storey steel framed retail parade overlaid by what we assume to be a pitched profile aluminium sheet roof. Internally the subjects are formed to offer main retail area to the front of the subjects with staff facilities, w.c. and storage to the rear of the demise. The subjects benefit from a prominent frontage with windows and entrance door being of an aluminium framed glazing.  

Internally, lighting is provided by way of flourescent strip lighting and halogen spot lamps recessed within a suspended acoustic tile ceiling. Floors are overlaid by laminated timber. 

Tenancy
The subjects are let to British Red Cross on a Full Repairing and insuring basis at a passing headline rent of £9,XXXer annum. This Figure has been reduced to £8,XXXer annum until the lease expiry on 27/2/2019. In the subjects current condition, an E.R.V. of £10,000-£12,XXXer annum is not unreasonable. 

Proposal
Our client is offering their freehold interest to the market for offers over £100,000. The subjects have been elected for V.A.T. as such the transaction could be treated as a ToGC

V.A.T.
Unless otherwise stated, all prices and premiums quoted are exclusive of V.A.T.

E.P.C.
Available upon request