Lease For Sale
Larkhall is situated in South Lanarkshire, lying circa 14 miles southeast of Glasgow.
The property occupies a strong secondary position within the town with the benefit of on-street parking.
Nearby occupiers are primarily of a local nature.
The property comprises the ground floor within a 2 storey building with the upper floor given over to residential use.
The property was previously used as a Bookmakers.
From our measured inspection the property extends to the following areas and dimensions:
Net Internal Area 1,000 ft² (92.90 m²).
The premises are held on the residue of an existing lease which is due to expire on the 26th May 2028. The current rent passing is £13,500 per annum exclusive.
Our clients are looking to assign their lease or they may consider sub-letting the property.
An EPC can be made available to interested parties.
We understand that the premises currently have Sui Generis Consent. Under current planning regulations the subjects can be used for Class 1A or Class 4 without consent.
The property is entered in the Valuation Roll as follows:
Rateable Value (‘25/’26): £7,600
Qualifying parties may receive 100% relief under the Small Business Bonus Scheme.
All the terms are quoted net of VAT where applicable.
Each party to be responsible for their legal costs, with the ingoing tenant being responsible for LBTT together with any costs incurred by the Landlord.
Upon conclusion of legal formalities.
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.
Strictly through this office.
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| Larkhall - 23 London Street.pdf |