Retail premises for sale in 229 Station Road, Shotts, North Lanarkshire ML7

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Retail premises for sale
Tenure: Freehold Council tax band: Not available

Property features

  • Single let investment to Betfred Limited
  • Located in the principal retail pitch in Shotts
  • Lease expiry 21st February 2027
  • Rent passing at £12,219 per annum
  • Offers over £140,000 reflecting an attractive niy of 8.57
  • Reversionary yield of 9.7%

Property description

The property comprises a building of masonry construction arranged over one floor offering retail accommodation. As a betting shop, the unit benefits from Class 2 Use, in terms of the The Town and Country Planning (Use Classes) (Scotland) Order 1997. As a Class 2 property, securing Class 1 use, would also be possible. Internally the subjects present as a traditional high street bookies with customer area occupying the majority of the accommodation, while back of house and office functions operate to the rear of the subjects.

The subjects have been the historic home of Coral the bookmakers for a number of years prior to being assigned to Betfred.

Property info

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Graham + Sibbald, G2 on +44 141 376 7737 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Graham + Sibbald, and do not constitute property particulars. Please contact Graham + Sibbald for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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