| Property Type | Investment |
| Tenure | For Sale |
| Size | 2,357 sq ft |
| Price | Offers in excess of £150,000 A purchase at this level reflects a NIY of 9.82% after purchasers costs. |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Highly prominent corner ground floor premises forming part of a larger attractive Category B listed red sandstone
building.
Externally the subjects have a corner pedestrian door with two large display windows on either side.
Internally the main space comprises an impressive large former banking hall with wooden panelled walls and ornate cornice benefitting from excellent levels of natural daylight.
To the the rear of the subjects there are male, female and ambulant WC’s, kitchen tea-prep as well as two private office / meeting rooms.
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground | 2,357 | 218.97 | Available |
| Total | 2,357 | 218.97 |
Coatbridge is a large town approximately 10 miles east of Glasgow City Centre located within the North Lanarkshire Local Authority Region with a population of approximately 43,950 persons.
The subjects command a highly prominent position on the north side of Main Street at its intersection with Bank Street, Sunnyside Road, West Canal Street and South Circular Road with high volumes of passing traffic.
Coatbridge Central Railway Station is situated opposite the subjects. On-street parking is provided on Main Street plus there are several free public car parks situated within the immediate vicinity.
Neighbouring occupiers include Poundland, Chikos Barbers, Via Torino Fish & Chip Shop, St Andrew’s Hospice, Charity Shop, Tubbess Dessert Lab.
Let to Trainor Alston Limited (SC443879) - 10 year FRI lease from 8 Jan 2024, tenant only break in Jan 2027
Passing rent of £15,000 per annum.
3 yearly rent reviews (8th Jan 2027, 2030, 2033) to the greater of the OMR or RPI collared and capped at 2-4% pa compounded.
