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    Key features

    • To be offered on Wednesday 10 December
    • High Yielding Retail/Leisure Investment
    • Comprises Parade of Two Units
    • Fully Let to William Hill
    • 15 Year Lease Expiring 28th February 2039
    • Index Linked Rent Reviews
    • Established and Popular Location
    • VAT-Free Investment
    • Investment Let at £26,000 p.a. (9.12% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment let to the undoubted covenant of William Hill.

    Arranged as two adjoining retail/leisure units, the property is let in its entirety to William Hill on a 15 year lease expiring March 2039 and paying £26,000 per annum. The rent is reviewed 5 yearly in line with the Consumer Price Index (CPI) but also includes a minimum and maximum increase of 1%-3% annually. We understand William Hill sub-let the pub unit.

    Neilsland Road is a major thoroughfare through Hamilton, a popular suburb of Glasgow. The town sits at a major junction of the M74 motorway and is therefore popular with commuters.

    The property forms part of the principal local amenity with adjacent units including the Post Office and Coop Convenience Store.

    Additional information

    Tenure

    Heritable Interest (Scottish Equivalent of English Freehold)

    Tenancy

    The property is let in its entirety to William Hill Organization Limited on a 15 year lease expiring 28th February 2039 and paying £26,000 per annum.

    The lease includes five yearly, CPI linked, rent reviews with a cap and collar of 1%-3%. There is a tenants break option in the 7th and 12th year.

    Rent

    £26,000 per annum
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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.

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      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.

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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.

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