Community Shopping Centre

Cumbernauld is a busy and important new town in Scotland’s central belt, with a diverse economy that benefits from a strategic and accessible location alongside the M80 motorway. The Retail Centre is the dominant and most modern retail offer in the prime core area of the town centre. A modern fully enclosed scheme comprising 200,872 sq ft (18,661m²) of retail accommodation predominantly over a single floor. Long leasehold (circa 158 .5years unexpired) with a low gearing. Current gross income (including 2021 Turnover rents) of £1,895,868 pax. WAULT 4.92 years lease expiry (3.42 years to break options). Affordable annual rents and sensible rental tone. Various asset management opportunities and initiatives to project the Centre forward. Built in June 2007, a modern, enclosed town centre retail mall. Trading is predominantly at ground floor with a large open mall café at its north-eastern end. The primary ground floor mall benefits from anchor tenants, Next, TK Maxx and TJ Hughes. There are three external car parks serving the centre providing in total 1,073 free car spaces.