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Description

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

***INCOME PRODUCING INVESTMENT*** Ground floor retail premises 340sq ft. held on a FRI lease producing £5,000 pa PROMINENT TOWN CENTRE LOCATION

The property is currently let to KERRY CONNOLLY HAIR SALON expiring August 2029 at a passing rent of £5,000p.a.

The shop is well presented as a hair salon with partitioned w.c and tea prep to the rear of the property. The unit extends to 340sq ft.

SUPER TRADING POSITION *** PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO**

The unit extends to 1,040sq ft. SUPER LOCATION Located in the heart of Hamilton town centre, a busy area with a mix of shops, cafés, businesses, and historic buildings.

***INCOME PRODUCING INVESTMENT*** Ground floor retail premises 340sq ft. held on a FRI lease producing £5,000 pa PROMINENT TOWN CENTRE LOCATION The property is currently let to KERRY CONNOLLY HAIR SALON expiring August 2029 at a passing rent of £5,000p.a. The shop is well presented as a hair salon with partitioned w.c and tea prep to the rear of the property. The unit extends to 340sq ft. SUPER TRADING POSITION *** PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** The unit extends to 1,040sq ft. SUPER LOCATION Located in the heart of Hamilton town centre, a busy area with a mix of shops, cafés, businesses, and historic buildings.

Cadzow Street is a historic and busy street in Hamilton, South Lanarkshire, located near the town centre. It is home to a mix of shops, businesses, cafés, and historic landmarks, making it a key part of Hamilton’s commercial and cultural scene. Hamilton Central train Station (5-minute walk) with direct trains to Glasgow (20 minutes). Frequent nus services connecting Hamilton to Motherwell, East Kilbride, and Glasgow. Easy access to the M74 motorway, linking to Glasgow, Edinburgh, and southern Scotland.

Full Address: 68 Cadzow Street, KERRY CONNOLLY, Hamilton, ML3 6DS

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 3 Years
Rent: £5,000 per year / £417 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: The property is currently let to KERRY CONNOLLY expiring August 2029 at a passing rent of £5,000p.a.

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Pricing Information & Bidding

Opening Bid: £40,000

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.

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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: 27 March 2025, 10am-3pm
Type: Timed Online Auction

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