Address: 58 - 64 High Street
Size: 7,825 ft² (727 m²)
Price: £42,500 per annum exclusive

To Let
Prime Retail Unit
Location

Lanark is a busy market town lying approximately 20 miles south east of Glasgow and 30 miles south west of Edinburgh.  The town has a resident population of circa 9,000 persons with a catchment in excess of 55,000 persons.

The property occupies a prime position on the west side of the High Street, with nearby retailers being a mix of multiple and local traders to include Subway, Boots the Chemist, Nationwide Building Society, Costa Coffee and Savers Health & Beauty.

Description

The property is a self-contained retail unit offering accommodation over ground and first floors.  The unit benefits from on street car parking, with a public car park being situated immediately behind the property.

Accommodation

From our measured inspection we would confirm that the property extends to the following areas and dimensions:

Gross Frontage:    44’ 8”          (13.6 m)
Net Frontage:        39’ 3”          (11.96 m)
Ground Floor:       4,313 ft²     (400.68 m²)
First Floor:             3,512 ft²     (326.27 m²)

Lease

The property is offered to the market on the basis of a new full repairing and insuring lease for a period to be agreed incorporating regular upward only rent reviews.

Rent

Rental offers in excess of £42,500 per annum exclusive are sought.

Rates

The property is entered in the Valuation Roll as follows:

Rateable Value (‘21/’22):    £46,750

Energy Performance Certificate

An EPC is available upon request.

Legal Costs

Each party to be responsible for their own legal costs with the ingoing Tenant being responsible for LBTT.

VAT

All terms are quoted net of VAT where applicable.

Entry

By agreement.

Money Laundering Regulations

To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding.  Applicable documentation will therefore be required on agreement of Heads of Terms.

Viewing/Further Information

Appointments to view to be arranged through this office.