TIMED ONLINE AUCTION - 30 October 2020, 10am-4pm - View the auction and bid >>
Lot 37

90 Whifflet Street, Coatbridge, ML5 4EJ

Opening Bid: £82,500

Vacant Freehold Commercial Offer Now Available



Map & Directions Price & Bidding Offer Now Auction Details


Key Features:

PRIME Investment Opportunity*** Prominent Commercial unit on busy thoroughfare. VAT FREE PROPERTY. WOULD GENERATE AN EXCELLENT RENTAL RETURN - Fantastic 12% Yield Potential at current guide.


  • GREAT SPOT BUSY MAIN ROAD. Previously let at £18,000 Per Annum. Excellent frontage. Ground Floor Approximate Net Internal Area - 70.61sqm (760sq ft). Freehold property. SUPER PRIME SPOT.
  • VAT Free. CLASS 3 CONSENTS GRANTED for, TAKE-AWAY / RESTAURANT CONSENT. Qualifies for small business rates relief as RV less than 15k p.a.
  • Would let easily. Ideal long term investment. Class 3 Consents Granted. Priced for a fast sale. ***Excellent trading position.*** HIGHLY VISIBLE.
  • Coatbridge lies at the convergence of the A725 and A89 road routes with the recently upgraded M8 network around one mile to the south. There are good public transport links nearby.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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Description:

Opportunity to purchase PRIME commercial unit on busy thoroughfare. VAT FREE PROPERTY. WOULD GENERATE AN EXCELLENT RENTAL RETURN - Fantastic 12% Yield Potential at current guide. GREAT SPOT BUSY MAIN ROAD. Previously let at £18,000 Per Annum. Excellent frontage. Ground Floor Approximate Net Internal Area - 70.61sqm (760sq ft). Freehold property. SUPER PRIME SPOT. The property is situated on the west side of Whifflet Street, north of its junction with School Street and Calder Street within the town of Coatbridge. Whifflet Street is a busy main carriageway to the south of Coatbridge, connecting the town centre with the newly- upgraded M8 motorway. The property occupies a prominent position on the west side of the street with nearby occupiers including Turkish Barber, Kameno Fashions, Whifflet Street Tattoo’s and SDLS Dancewear. The property comprises a mid-terraced commercial unit set within a larger 2 storey mixed use development. The unit benefits from a prominent frontage secured by aluminium roller shutter with single door entrance of aluminium frame and glazed construction. Internally the property provides main open plan sales area with partitions erected to form staff facilities Would let easily. Ideal long term investment. CLASS 1 AND CLASS 2 CONSENTS and class 3 applied for. Priced for a fast sale. ***Excellent trading position.*** HIGHLY VISIBLE. VAT Free. CLASS 3 CONSENTS applied for, TAKE-AWAY / RESTAURANT CONSENT. Qualifies for small business rates relief as RV less than 15k p.a.


Location:

The popular commuter town of Coatbridge is located approximately 10 miles east of Glasgow and lies within the North Lanarkshire Council jurisdiction. Coatbridge has a resident population in the region of 40,000 persons and is located approximately 10 miles east of Glasgow within North Lanarkshire Council jurisdiction. Coatbridge lies at the convergence of the A725 and A89 road routes with the recently upgraded M8 network around one mile to the south. There are good public transport links nearby including a main railway line which links to Glasgow and Edinburgh.


Map & Directions:



Further Info:


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Phone:

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Pricing Info & Bidding:


Opening Bid = £82,500


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Auction Details:



  • Auction Date

    30 October 2020, 10am-4pm


  • Auction Location

  • Timed Online Auction


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