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Former Banking Hall With High Footfall, 1 Main Street, Coatbridge, ML5 3AJ

2,357 Sq Ft / Retail / General Retail

Let - Last updated: 05 October 2020

1 Main Street comprises a ground floor former banking hall contained within a three storey building of traditional red sandstone construction. The property benefits from frontage onto Main Street and South Circular Road.

Internally the property provides large open plan retail area, former offices and w.c’s.

The former offices could be converted into storage or food preparation area.

The property currently benefits from Class 2 retail consent however our client has applied for a change of use to restricted class 3 which has now been granted.

Location

Coatbride is a town in North Lanarkshire, Scotland, about 8.5 miles (13.7 km) east of Glasgow city centre, set in the central Lowlands. The town, with neighbouring Airdrie, is part  f the Greater Glasgow urban area. At the 2011 census, Coatbridge had a resident population of 43,831.

The town benefits from a wide range of services and amenities.

From a local context the property is situated on the Northern side of Main Street at its round about junction with A89 South Circular Road, Bank Street, West Canal Street and  Sunnyside Road. The subjects occupy a very prominent location with high levels of passing trade.

Accommodation

From sizes provided by our client, we understand that the subject property, measured in accordance with the RICS Property Measurement Professional Statement (Second Edition, Jan 2018) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice to extend to the following approximate gross internal area (GIA):

Ground Floor: 219 sq m  (2,357 sq ft)

Terms

PROPOSAL - Rent from £XXX per annum. A range of incentives are available to prospective tenants which will vary subject to lease duration and covenant strength.

VAT - Not applicable.

EPC - F

CLOSING DATE - A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to let the property  without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.

RATING - The property requires to be reassessed upon redevelopment.

PLANNING - All queries in relation to redevelopment/reconfiguration of the subjects should be addressed to North Lanarkshire Council Planning Department.

Specification

  • LEASE FROM £XXX PER ANNUM
  • INCENTIVES AVAILABLE
  • 2,357 SQ FT ACCOMMODATION
  • PRIME TOWN CENTRE PITCH
  • PROMINENT RETURN FRONTAGE
  • CLASS 3 AND ALTERNATIVE USE AVAILABLE


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