PRIME LOCATION RETAIL UNIT/RESTAURANT TO LET – COATBRIDGE

To Let
  • LEASE FROM £16,000 PER ANNUM
  • INCENTIVES AVAILABLE
  • 2,357 SQ FT ACCOMMODATION
  • PRIME TOWN CENTRE PITCH
  • PROMINENT RETURN FRONTAGE
  • CLASS 3 AND ALTERNATIVE USE AVAILABLE

LOCATION

Coatbride is a town in North Lanarkshire, Scotland, about 8.5 miles (13.7 km) east of Glasgow city centre, set in the central Lowlands. The town, with neighbouring Airdrie, is part of the Greater Glasgow urban area. At the 2011 census, Coatbridge had a resident population of 43,831.

The town benefits from a wide range of services and amenities.

From a local context the property is situated on the Northern side of Main Street at its round about junction with A89 South Circular Road, Bank Street, West Canal Street and Sunnyside Road. The subjects occupy a very prominent location with high levels of passing trade.

DESCRIPTION

The subjects comprise a ground floor former banking hall contained within a three storey building of traditional red sandstone construction. The property benefits from frontage onto Main Street and South Circular Road.

Internally the property provides large open plan retail area, former offices and w.c’s.

The former offices could be converted into storage or food preparation area.

The property currently benefits from Class 2 retail consent however our client has applied for a change of use to restricted class 3 which has now been granted.

PROPOSAL

Rent from £16,000 per annum. A range of incentives are available to prospective tenants which will vary subject to lease duration and covenant strength.

FLOOR AREAS

From sizes provided by our client, we understand that the subject property, measured in accordance with the RICS Property Measurement Professional Statement (Second Edition, Jan 2018) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice to extend to the following approximate gross internal area (GIA):

Ground Floor:        219m2/2,357ft2

PLANNING

All queries in relation to redevelopment/reconfiguration of the subjects should be addressed to North Lanarkshire Council Planning Department.

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent.  We reserve the right to let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.

RATING 

The property requires to be reassessed upon redevelopment.

EPC

F

VAT 

All prices, premiums and rents quoted are exclusive of VAT.

PUBLICATION DATE 18/02/2020

Price:Lease from £16,000 per annum
Address:1 Main Street
City:Coatbridge
Postcode:ML5 3AJ
Square Feet:2,357
Property Type:Retail Unit/Restaurant
Lot size:2,357
Tagged Features:

Location Map