Lease of Sale
The subjects comprise well-configured, open plan retail space arranged over ground floor only. The unit extends to 33,637 sq ft (3,124.98 sq m). The subject property benefits from having a direct entrance from the car park in addition to a separate one inside the centre. Tenure The property is held on a long lease, due for expiry in 2181. Premium offers are invited for our clients long leasehold interest. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £186,000.00 and the rates payable are £95,976.00 pa. The UBR for 2019/2020 is 51.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Cumbernauld is a new town located in North Lanarkshire in the heart of Scotland’s central belt with a population of 55,000 people. Cumbernauld is the largest town in North Lanarkshire and has a principal catchment of 163,000 persons. The Antonine Centre is the main retail focus in Cumbernauld and attracts footfall of in excess of 6m per annum. The centre extends to 350,000 sq ft and opened in 2007 as a significant extension to the new town’s Town Centre. The centre has a strong line up of national occupiers including Next, Sports Direct, River Island and TK Maxx. The subject property occupies a highly prominent position at the northern end of the mall, directly adjacent to the northern entrance, accessed from the main car park. The subjects sit directly opposite the mall café, operated by Costa and next to Sports Direct. Peacocks have recently joined the retail line up in the scheme and are in close proximity.