NB – The property forms part of a larger building – please see legal documentation.
Location Estimated Resident Population: 45,000 Miles: 28 miles north-east of Glasgow 37 miles north-west of Edinburgh
Roads: A9, A91, M9, M80
Position The property is located in a prime pedestrianised position on Port Street, the town’s principal retailing thoroughfare, two doors from Marks & Spencer and close to The Thistles Shopping Centre.
Nearby: Marks & Spencer, Zara, Boots the Chemist, Debenhams, New Look, Bhs, Peacocks, Superdrug, Next, Laura Ashley, Greggs and H & M Clothing
Description BANK arranged on the ground and first floors. The property forms part of a larger building and part of the Santander branch.
Tenure Heritable (Scottish Equivalent of Freehold).
Tenant ALLIANCE & LEICESTER PLC (1)
Lease Term: 15 years from 31st October 2002 Basis: FRI Rent: £68,150 per annum Review: 2012 Expiry: October 2017
VAT is not applicable to this lot.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First
Banking Hall/Ancillary Ancillary
Total Commercial Area Net Internal Areas
130.52 sq m 67.70 sq m
198.22 sq m
(1,405 sq ft) (675 sq ft)
(2,080 sq ft)
(1) T/a Santander Bank, Alliance & Leicester plc for the year to 12/10, reported a turnover of £84 million, pre-tax profits of £90 million and a net worth of £166 million. Alliance & Leicester became a part of the Santander Group in 2008 and Santander now trade from about 1,300 branches in the UK. Santander (UK) Ltd for the six months to 06/11 reported total operating income of £2.66 billion, pre-tax profits of £549 million and total assets of £313 billion. (Source: One Source One-Stop Report, www.alliance-leicester.co.uk and www.santander.com)
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £68,150 pa
ON THE INSTRUCTIONS OF A MAJOR PENSION FUND
Prime Heritable Bank Investment
• Let to Alliance & Leicester plc until October 2017
• Two doors from Marks & Spencer • VAT- free investment
• 30Working Day Completion available
The Conditions of Sale, Articles of Roup and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Lindsays Solicitors. t: 0141 302 8416. e: graemesunter@lindsays.co.uk Ref: G Sunter Esq. Joint Auctioneers CBRE (Edinburgh office). t: 0131 469 7666. e: steven.hendry@cbre.com Ref: S Hendry Esq.