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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

EXCELLENT TENANTED INVESTMENT OPPORTUNITY*** Ground floor commercial unit located in the heart of Motherwell Town Centre. IMMEDIATE RETURN ON INVESTMENT***

VAT FREE*** Currently LET to Wonderland Tattoos Limited until 2nd December 2028 at 12,500 Per Annum.

PRIME TRADING LOACTION*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons.

SUPER SPOT ON BUSY STREET*** High volumes of passing trade.

Motherwell is ideally placed to take full advantage of the M8 and M74 Motorways.

EXCELLENT TENANTED INVESTMENT OPPORTUNITY*** Ground floor commercial unit located in the heart of Motherwell Town Centre. IMMEDIATE RETURN ON INVESTMENT*** VAT FREE*** Currently LET to Wonderland Tattoos Limited until 2nd December 2028 at 12,500 Per Annum. PRIME TRADING LOACTION*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons. SUPER SPOT ON BUSY STREET*** High volumes of passing trade. Motherwell is ideally placed to take full advantage of the M8 and M74 Motorways.

Located within the town of Motherwell, with a population of approximately 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.

Full Address: 147 Windmillhill Street, Motherwell, ML1 1RY

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Tenancy Details

Type of Agreement: Basic Lease
Length: 02/12/2028
Rent: 12,500 per year / 1,042 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £91,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs 1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Buy Now Price = £125,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £125,000 - CLICK HERE

Auction Details

Date & Time: 18 April 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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