Coatbridge is situated on the east of the Glasgow conurbation approximately 11.5 miles from the city centre.
The town is strategically located close to the M73, M74 and M8 motorways.
Over a third of Scotland's population live within a 30 minute drive time of Coatbridge.
The subject property effectively comprises Coatbridge's town centre and is anchored by M&S Foodhall, Currys PC World, TK Maxx, Next and Tesco Extra.
The park is held feuhold.
The scheme has an attractive WAULT of almost 8 years to expiry, with around 25% of the income having over 10 years unexpired.
The rent totals £3,101,079 per annum, which equates to a low average rent of £19.00 per sq ft for a scheme of this calibre.
The park benefits from having an open A1 non-food consent and a fully unrestricted open A1 consent including food.
There are a good number of exciting asset management opportunities to be explored, including expanding the scheme through further development.
We are instructed to seek offers in excess of £43,230,000 (Forty Three Million, Two Hundred and Thirty Thousand Pounds). This gives a net initial yield of 6.75% taking purchaser's costs at 6.28%.