Commercial property for sale in Neilsland Road, Hamilton ML3
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Property features
- High Yielding Retail/Leisure Investment
- Comprises Parade of Two Units
- Fully Let to William Hill
- New 15 Year Lease
- Seven Year Term Certain
- Producing £26,000 per annum
- Index Linked Rent Reviews
- Established and Popular Location
- Guide Price Reflects 10% Gross Yield
- No VAT
Property description
Strapline
Auction Sale - 19/03/2024
Of Interest to Investors
High Yielding Retail/Leisure Investment
Fully Let to William Hill on a New 15 Year Lease at £26,000 per annum
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 new 15 year lease paying an annual rent of £26,000. 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.
Tenancy
The property is let in its entirety to William Hill Organization Limited on a new 15 year lease paying an annual rent of £26,000.
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.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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