Wed, 14 Nov 2012 | COMMERCIAL PROPERTY
An aesthetically questionable commercial property is for sale in the Scottish town of Cumbernauld.
The Cumbernauld Shopping Centre is on the market for £3.5 million after its previous owners, CNC Investments, went into administration. BDO were appointed to handle the administration and are keen to find firms who want to invest in the redevelopment of the commercial property.
With outlets rented to companies including Lloyds TSB, Ladbrokes and Greggs, BDO claim that the buyer could be in line to inherit a rental income of over £1.2 million a year.
However, the building comes with something of a reputation having once been voted the ugliest building in Britain. Individual views on the architecture may vary, but it is true that the shopping centre has struggled with years of decline and will require some investment to bring it up to scratch.
Sarah Rayment, business restructuring partner with BDO, commented: “Unfortunately the economic climate and difficult trading conditions have significantly â¨affected the business. However, we are hopeful of securing a sale of Cumbernauld Shopping Centre.
“The Cumbernauld Shopping Centre and its retail units will continue to trade whilst all the options are explored.”
A well established premium eyewear designer and manufacturer operating throughout the UK and overseas.
A turnkey freehold hotel, restaurant and wine bar business opportunity located in Jedburgh; a pretty town in the Scottish Borders with a high concentration of attractions within small parameters
LEASEHOLD
Represent a West Midland based specialist printing services company seeking an industry savvy acquirer, or an interested newcomer.
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
08
|
Jan
|
Nightclub operator Deltic acquired by Rekom in cut-price deal | BUSINESS SALE
UK nightclub operator Deltic has been acquired by Scandinavi...
24
|
Aug
|
Frasers Group acquires certain DW Sports assets for initial £37m | BUSINESS SALE
Frasers Group has acquired some of DW Sports’ gyms and...
17
|
Aug
|
Frasers Group bids for DW Sports | BUSINESS NEWS
Mike Ashley’s Frasers Group has reportedly bid in exce...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.