Unit 1 comprises a large carpet showroom, occupying approximately three-quarters of the total building footprint. Unit 2 is a bathroom showroom who have invested significantly in their unit as part of a recent lease extension.
The subjects consist of a rectangular brick-built structure, beneath a steel truss roof, covered with profiled sheet roof. The subjects have been extended with a steel portal framed extension. More recently, the rear service area has been over clad in sheet profile cladding.
The rear goods and customer car park can be accessed from Peacock Drive. The site area is approximately 1 acres (0.4 hectares) with a low site coverage of approximately 40%.
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.
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.
Please contact Graham + Sibbald.
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).
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.