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.”
The business offers a unique opportunity to invest in a company dedicated to providing exceptional care while promoting independence for young adults.
The business was founded over 15 years ago and is well renowned for their holistic service; delivering a compassionate, reliable and professional service to the variety of Children and Adults they support.
The business provides sought after services to assist NHS Mental Health Trusts and CCGs. Currently clients being supported are living with various diagnoses including; Learning Difficulties, Autism, Schizophrenia and Depression.
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