Coatbridge, population circa 40,000 persons is situated approximately 8.5 miles east of Glasgow City Centre. The town has excellent road connections to Glasgow via the A8 linking to the M8 motorway and has excellent rail connections to Glasgow. Whifflet Railway Station is directly opposite.
The unit occupies a prime position on the west side of Whifflet Street. Other retailers in the immediate vicinity include McNulty Pharmacy, Tuite Opticians and Ladbrokes. Other retailers nearby include Lidl, Costa Coffee, Burger King and KFC Drive Thru’s and Faraday Retail Park.
The unit comprises a lock-up unit on ground floor within a modern 2 storey building.
We estimate the unit has the undernoted principal dimensions:
Gross Frontage: 18.85 m (61’ 10”)
Net Frontage: 17.61 m (57’ 9”)
Internal Width (Sales): 14.51 m (47’ 7”)
Shop Depth: 8.59 m (28’ 2”)
Net Area: 120.95 m² (1,302 ft²)
In addition to a staffroom/staff toilet accommodation and two cupboards there is a fully accessible WC cubicle.
A copy of the EPC and Recommendation Report will be made available if required.
VAT is not applied to the rent of this unit.
Offers in excess of £20,000 per annum.
The subjects are available on a new full repairing and insuring lease subject to upward only rent review.
The Scottish Assessors Association website indicates that effective 1st April 2023 the property has an RV of £17,700.
Under current guidelines a new occupier may qualify for 11.5% Small Business Bonus Scheme rates reduction. Applicants are recommended to check with the Local Authority Finance Department. The property now qualifies for the Fresh Start Scheme which gives 1 year rates free occupation. Enquiries to North Lanarkshire Council.
Each party will bear their own legal costs in the documentation of this transaction and, in the usual manner, the ingoing tenant will be responsible for any registration fees and, if appropriate, LBTT.
By agreement.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will, at a minimum, include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Strictly by appointment through this office.