BIDDING OPENS in...
Map   Street View   Satellite

Description

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

TENANTED INVESTMENT PROPERTY*** Ground floor commercial unit located on BUSY street within Motherwell town centre. ***IMMEDIATE RENTAL INCOME OF 10,000 PER ANNUM***

VAT FREE*** Currently LET until 31st July 2028 at 10,000 Per Annum. IMMEDIATE RETURN ON INVESTMENT***

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

PROMINENT FRONTAGE onto BUSY street with HIGH volumes of passing trade.

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

TENANTED INVESTMENT PROPERTY*** Ground floor commercial unit located on BUSY street within Motherwell town centre. ***IMMEDIATE RENTAL INCOME OF 10,000 PER ANNUM*** VAT FREE*** Currently LET until 31st July 2028 at 10,000 Per Annum. IMMEDIATE RETURN ON INVESTMENT*** SUPER TRADING SPOT*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons. PROMINENT FRONTAGE onto BUSY street with HIGH volumes of passing trade. EXCELLENT TRADING LOCATION*** Located within the town of Motherwell, with a population of approx. 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.

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: 153 Windmillhill Street, Motherwell, ML1 1RY

Show More

Tenancy Details

Type of Agreement: Basic Lease
Length: until 31/07/2028
Rent: 10,000 per year / 833 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes:

Document Downloads

  Legal Pack (Pending)

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £68,000

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.

Submit Offer Now

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.

Payment Calculator

Buy Now Price = £100,000

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 £100,000 - CLICK HERE

Auction Details

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

View Full Auction Catalogue

Similar Properties


Lot 145
£58,000 OPENING BID
  • TENANTED INVESTMENT OPPORTUNITY*** Ground floor commercial premises located within Wishaw...
Lot 68
£72,000 OPENING BID
  • TENANTED INVESTMENT OPPORTUNITY*** Ground floor commercial unit located within Motherwell...