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.”
Highly regarded 2 AA rosette restaurant and function/ wedding venue. AA 5 star guest accommodation rating. Purpose built bedroom block (1999). High quality fittings and equipment. UPVC double glazing with window blinds. Gas fired central heating. Bat...
FREEHOLD
Renowned Estate Agent based in a small town in Kent. They provide a comprehensive range of property services consisting of Sales, Lettings and Property management. This business is a true old school brand with minimal marketing taking place which sho...
Estate agency based in the West Sussex region with 2 branches in 2 market towns within 10 miles of each other. The business is comprised of a team of 7, they operate both a sales and lettings arm. They primarily rely on word-of-mouth referrals howeve...
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.