Page 22 - Shepherd Commercial Auctions - Catalogue 04/05/2023

Lot 17 Kennedy House West George Street, Coatbridge, ML5 2BY Office Premises with adjacent Car Parking
Features
• Close proximity to Coatbridge town centre • Designated car parking available
• Immediate asset management opportunity • NIA 532.15 sq. m. (5,729 sq. ft.)
Description
The subjects comprise a two-storey office building and adjacent car parking facilities.
Accommodation
The space within the ground floor is laid out in a cellular fashion, with the first floor providing open plan accommodation. W/C and kitchen facilities are located at both ground and first floor level.
The subjects benefit from gas central heating and suspended ceilings with recessed lighting. A fire escape stairwell is located to the rear of the building.
Location
The subjects are situated to the north-west of Coatbridge, in close proximity to the town centre.
The location benefits from nearby access to Junction 2A of the M73 and Junction 8 of the M8 motorway, both of which link Coatbridge with major road networks throughout Scotland.
Rateable Value
The subjects are entered separately into the current valuation roll as follows:
Part Ground Floor - £3,400 Part Ground Floor - £8,000 1st Floor - £12,900
Tenancy
The ground floor of the premises are currently occupied by a Right Track Scotland Ltd on a month-to-month lease, on a peppercorn rent of £12,000 per annum.
Vacant possession therefore can be provided to purchasers, or alternatively an asset management opportunity exists whereby new lease terms may be agreed.
*Guide Price £180,000 (plus fees if applicable)
22 * Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,280 inc VAT(£1,900 plus VAT).