Vacant Commercial LOT 321

80 Quarry Street, Hamilton, ML3 7AU
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Description

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

456 Sq.Ft / Retail / Retail - High Street. Part of the ground floor of a 3 storey tenement building *** Located within a vibrant trading position with a range of high street and independent traders.

Full width electric shutter to replacement double display frontage with central, recessed door to open plan retail area. Partition to back shop/ store with further storage area beyond with toilet.

The small business bonus scheme offers up to 100% rates relief and further details are available on the Scottish government website.

***Until recently the premises were leased to a nail bar on an annual rental of £8,000 pa. This would deliver a potential rental yield of around 8% based on guide price***

Fantastic opportunity to acquire a prime vacant commercial unit in town centre location. Currently vacant but suitable for a number of potential uses.

Located near the junction with Quarry Place, within the pedestrianised shopping area of Hamilton town centre. Electric shutter to replacement frontage, retail area, back shop, further storage beyond with toilet off and stairs up to rear exit and loading area. 456 Sq.Ft - 42.36 Sq.M. On Quarry Street, near the junction with Quarry Place, within the pedestrianised shopping area in the heart of Hamilton town centre. The covered shopping malls of The Regent Centre and New Cross Centre are nearby and neighbouring occupiers include Austin Lafferty solicitors, gents fashions, D’nisi coffee shop, Vaporised, Nationwide, Betfred, coffee shop, Cash Generator. Hamilton Central railway station and the bus terminus are a short distance away and the town centre is well served by a number of public car parks. Hamilton has a residential population of around 45,000, an immediate catchment in excess of 100,000 and a greater catchment of 1.5 million within 15 miles. Located within a vibrant trading position with a range of high street and independent traders; including Primark, Cash Generator and Baynes Family Bakers chain***

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. More specifically the subject property is located in the heart of Hamilton town centre and commands a prominent position on Quarry Street. Neighbouring occupiers include Semi-Cash Generators, Primark and Baynes Family Baker chain. On-street parking is provided on Quarry Street itself whilst there are a number of pay and display car parks within the vicinity. Transport National Rail - Hamilton Central (ScotRail)

Full Address: 80 Quarry Street, Hamilton, ML3 7AU

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Pricing Information & Bidding

Opening Bid: £95,000

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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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