The property comprises a large retail unit, benefitting from a modern aluminium framed and glazed shop front, with staff and toilet facilities, all at ground level.
Location
Motherwell is the principal town in North Lanarkshire, located approximately 17 miles south east of Glasgow. The town is the headquarters of North Lanarkshire Council, which is one of Scotland’s most populated local authority areas, having an overall population of approximately 32,000 persons and a wider catchment of 515,000 persons within 15 mintues’ drive of the centre. Each week, 90,000 shoppers visit Motherwell shopping centre.
The subject premises are located within a parade of shops, known as Brandon Parade East, on the south side of Merry Street and are located within easy walking distance of Motherwell train station and a public car park. There are also bus stops in the immediate vicinity of the premises.
Neighouring occupiers include British Heart Foundation, Lloyds Pharmacy, Andrew Mair Butchers and Paddy Power bookmakers.
Accommodation
We calculate the approximate net internal floor area to be as follows: Total NIA 238sq.m. (2,566sq.ft.)
Terms
RATES
From the Assessor’s website, the premises currently have a Rateable Value of £26,500. Rates payble (before any relief) in the year to 1st April 2020 are £12,349 per annum. Please note that a new occupier has the right to appeal the current assessment.
PLANNING
The property is available for Class 1 retail use, although alternative uses may be considered subject to planning.
LEASE TERMS
Rental offers over £20,000 pax are invited, on the basis of a new Full Repairing and Insuring Lease.
Further details on application.
SERVICE CHARGE AND INSURANCE
The service charge and insurance liability in respect of the subject premises is £6,700 per annum.
LEGAL COSTS
In the normal way, each party will be responsible for their own legal costs incurred in the transaction, together with VAT thereon.
VAT
All prices, premiums, etc. are quoted exclusive of VAT.
EPC
Available on application.
ENTRY
By agreement.
Specification
- Double shop unit in busy shopping parade
- Nearby traders include British Heart Foundation, Lloyds Pharmacy and Paddy Power
- Flexible, mainly open plan internal layout
- Net Floor Area - 238sq.m. (2,566sq.ft.)