Retail for sale

Units 1 & 2 Allanshaw Indust Estate Hamilton ML3 9BG

High traffic location with over 13,500 vehicles per day

Let to Bathroom People Ltd & Carpetways Direct (UK) Ltd

72.6% of income secured against Carpetways Direct (UK) Ltd

Tenants have strong rent payment history

Both tenants have recently extended by 10 years having been in occupation for an average of 9.43 years

Dedicated yard space with customer parking and roller shutter loading bays

Site area of approximately 1 acre (0.4 hectares) with low 40% site coverage

Future redevelopment potential (subject to planning)

Units 1 & 2, Allanshaw Industrial Estate, Hamilton ML3 9BG

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The town has excellent links to the motorway network. Junctions 5 and 6 of the M74 motorway can be accessed in 5 minutes from Peacock Drive. Hamilton’s two mainline railway stations at Hamilton Central and Hamilton West have services into Glasgow Central every 10 minutes, which makes the town a popular commuter location. The bus terminal and Hamilton West Train Station are in the immediate vicinity of Peacock Drive with each within a 15-minutes walk. The subjects are prominently located in on the corner of Peacock Drive and one of Hamilton’s main arterial streets, the B755 (Wellhall Road). Peacock Drive acts as the entrance to Allanshaw Industrial Estate. Hamilton Retail Park is located 0.3 miles away. Tenants include Sainsburys, McDonalds, Sports Direct, Iceland, B&M Bargains and TX Maxx among others. Hamilton town centre is 0.5 miles to the South West along the A724 Union Street.
Local authority: South Lanarkshire Council

Units & floor plans

Unit Floor Size
1 Ground
13,787 GIA
1,280.86 GIA
2 Ground
3,209
298.13
Totals
16,996
1,578.98

* All sizes GIA

Find out more information about this building's development and technical spec.

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Transportation

Good bus and rail links are available within the immediate vicinity.

Airports

Glasgow 19.2m, Edinburgh 35.3m

National rail

Hamilton West 0.1m, Hamilton Central 0.7m, Blantyre 1.9m

Road

Hamilton 0.3m, Glasgow 12.5m

Amenities

Hamilton Retail Park is located less than half a mile away. With further more extensive amenities in the town centre.

Offers

Offer overs £1,250,000 reflecting an attractive Net Initial Yield of 7.17% assuming standard purchasers’ costs of 5.88%.

Further information

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Tenancy schedule
Floor / Demise Tenant NIA (sq ft) Rent (p.a.) Start date Expiry date Break option Next review
Unit 1Carpetways Direct...More13,787£68,93528/01/200727/01/202928/01/202428/01/2024
Unit 2Bathroom People L...More3,209£26,00012/07/200912/07/202928/01/202412/07/2024
Covenant overview

Carpetways Direct (UK) Limited (SC 382960) is an independent family run business with 10 stores based in Scotland and North West England. Carpetways Direct (UK) Limited has an Experian Credit Score of 95/100 indicating a very low risk of failure. In the year to March 2018, carpet way reported a Total Net Worth of £251,662, up from £212,774 in 2017 and £200,161 in 2015. Further information is available on their website - www.carpetways.com

Bathroom People Limited (SC285309) are a family run business which have been trading since 2005. They offer a wide range of designer bathroom for design, supply & comprehensive project management. Further information is available of their website www.bathroompeople.co.uk

• 72.6% on the income is secured against / Carpetway Direct (UK) Limited.
• Both tenants have examplitiory rent payment history. Reports available on request.

Planning class

A1

Viewings

Please contact Graham + Sibbald.

VAT

The property has been elected for VAT and therefore VAT will be payable in respect of the purchase price. We anticipate the transaction can be treated as a TOGC (Transfer of Going Concern).

EPC
Certificate Available on request

Media store

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Property marketed by:

Graham + Sibbald
106201 jtrq3379 Mark Gillies
Quote reference: GLA-2019\02\0048

Prominent Roadside Retail Investment

£1,250,000 (offers in excess of)

Please read carefully 1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client's Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.