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.”
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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.