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Description

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

TENANTED INCOME PRODUCING INVESTMENT *** WELL ESTABLISHED LOCATION over ground floor. located within Hamilton Town Centre. Fantastic city centre location with excellent tenant. VAT FREE purchase.

Currently let to Ladbrokes Betting and Gaming Ltd on FRI LEASE at £17,000 PER ANNUM, Lease Expiry 27th May 2028 (Break option in May 27th 2024 not exercised). Lease break option extended to 2026.

PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** excellent yield producing £17,000 per annum tenant in occupation since 2001.

The Grade B Listed property is arranged over ground floor only to provide a betting office with ancillary staff accommodation and WC. Ground Floor - 96.36 sq m (1,037 sq ft)

The subject property is located in the heart of Hamilton town centre and commands a prominent position on Cadzow Street at Hamilton’s “Old Cross” .

TENANTED INCOME PRODUCING INVESTMENT *** WELL ESTABLISHED LOCATION over ground floor. located within Hamilton Town Centre. Fantastic city centre location with excellent tenant. VAT FREE purchase. Currently let to Ladbrokes Betting and Gaming Ltd on FRI LEASE at £17,000 PER ANNUM, Lease Expiry 27th May 2028 (Break option in May 27th 2024 not exercised). Lease break option extended to 2026. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** excellent yield producing £17,000 per annum tenant in occupation since 2001. The Grade B Listed property is arranged over ground floor only to provide a betting office with ancillary staff accommodation and WC. Ground Floor - 96.36 sq m (1,037 sq ft) The subject property is located in the heart of Hamilton town centre and commands a prominent position on Cadzow Street at Hamilton’s “Old Cross” .

The subject property is located in the heart of Hamilton town centre and commands a prominent position on Cadzow Street at Hamilton’s “Old Cross” where Cadzow Street meets Castle Street, Keith Street, Townhead Street and Quarry Street. Hamilton is located approximately 12 miles south-east of Glasgow city centre with a population of approximately 50,000 and a catchment of approximately 350,000 within a 10 mile radius. Hamilton is well-connected by road and rail. It has two railway stations, Hamilton Central and Hamilton West, providing direct services to Glasgow. The town is also close to the M74 motorway, making it easy to access other parts of Scotland.

Full Address: 8-10 Cadzow Street, Ladbrokes Investment, Hamilton, ML3 6DG

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 4 Years to run
Rent: £17,000 per year / £1,417 per month
Yield: 13% (approx)
Tenant: Company
Notes: £17,000 per annum. Lease Expiry 27th May 2028 (Break option in May 27th 2024 not exercised). Lease break option extended to 2028

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Pricing Information & Bidding

Opening Bid: £131,000

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).

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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 £2,750 for on time settlement

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

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Auction Details

Date & Time: 07 November 2024, 10am-3pm
Type: Timed Online Auction

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