Map & Location
Map Street View SatelliteSpecial Terms of Sale
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Buyers Fee (?) 3% of Sale Price (Minimum of £2500 +vat)
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.
Description
***COMMERCIAL INCOME PRODUCING INVESTMENT***Tenanted commercial property over ground floor and basement. Currently producing £7,200 per annum. Tenent in situ since 2019 VAT FREE INVESTMENT
SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**
The property is fitted out in accordance with the tenants requirements with linoleum flooring, suspended ceiling with L.E.D lighting and partitioned tattooing rooms with WC and tea prep to the rear.
Super position within the main shopping thoroughfare in popular Hamilton Town Centre on the main pedestrianised street close to Hamilton's principle car parking facilities and bus station.
***COMMERCIAL INCOME PRODUCING INVESTMENT***Tenanted commercial property over ground floor and basement. Currently producing £7,200 per annum. Tenent in situ since 2019 VAT FREE INVESTMENT Compromises Ground Floor: 52.86sqm (569 sq ft) Basement: 45.99sqm (495 sq ft) Total: 98.85sqm (1,064 sq ft) SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** The property is fitted out in accordance with the tenants requirements with linoleum flooring, suspended ceiling with L.E.D lighting and partitioned tattooing rooms with WC and tea prep to the rear. Super position within the main shopping thoroughfare in popular Hamilton Town Centre on the main pedestrianised street close to Hamilton's principle car parking facilities and bus station.
The property is situated within a larger retailing parade within Hamilton town centre on a busy thoroughfare. Located on the pedestrianised Quarry Place shopping arcade which links Quarry Street to the New Cross Shopping Centre within the central retail and commercial core of Hamilton. The adjacent New Cross Centre incorporates one of the town's principal car parks and Hamilton Central railway station and bus terminus are in close proximity. 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
Full Address: 10 Quarry Place, Let Investment, Hamilton, ML3 7BB
Show MoreTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 5 Years
Rent: £7,200 per year / £600 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: Nicky Steven Smith trading as a barbers until 10th January 2029 with a tenant only break on the 10th January 2027 (with 6 months notice) at a current rental of £7,200 per annum exclusive. The landlord currently holds a deposit of £1,350. The tenant has been in occupation since 2019 having extended his lease earlier this year.
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Pricing Information & Bidding
Opening Bid: £56,000
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SPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 3% of Sale Price (Minimum £2,500 + 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
Type: Timed Online Auction
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