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    Key features

    • Investment let at £17,000 per annum (11.33% GIY on guide)
    • Ladbrokes single let investment forming part of a larger three storey mid terrace retail parade
    • Well located for Hamilton town centre and commands a prominent position on Cadzow Street
    • Lease Expiry 27th May 2028 (Break option in 2020 not exercised)
    • Ladbrokes have been in occupation since 2001

    Description

    The subjects comprise a prominent ground floor retail unit forming part of a larger three storey mid terrace retail parade. The subjects are Grade B listed, which will therefore benefit from Listed Buildings relief when vacant.

    Internally the subjects provide open-plan retail accommodation to the front and rear together with ancillary/staff accommodation complete with a WC.

    The subjects have operated as a Ladbrokes since December 2001 and have not to exercise their Tenant Only Break Options IN 2020.

    Additional information

    Tenure

    Heritable

    Tenancy

    8-10 Cadzow Street

    • Let to Ladbrokes Betting and Gaming Ltd
    • FR&I lease
    • Reversion 27th May 2028
    • 5 yearly upward only Rent Reviews with the next 21st December 2026
    • Investment let at £17,000 per annum.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Hamilton is located approximately 12 miles south-east of Glasgow city centre with a population of approximately 50,000 and a catchment of approximately 350,000 within a 10 mile radius.

      More specifically the subject property is located in the heart of Hamilton town centre and commands a prominent position on Cadzow Street at Hamilton’s “Old Cross” where Cadzow Street meets Castle Street, Keith Street, Townhead Street and Quarry Street.

      Neighbouring occupiers include Semi-Chem, Crema and William Hill.

      On-street parking is provided on Cadzow Street itself whilst there are a number of pay and display car parks within the vicinity.

      Transport

      National Rail - Hamilton Central (ScotRail)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums