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Guide Price
£85,000


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09 May 2024, 3pm

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Description

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

TENANTED INVESTMENT OPPORTUNITY*** Two ground floor tenanted commercial units with PROMINENT FRONTAGE onto BUSY MAIN STREET in Wishaw Town Centre. IMMEDIATE RENTAL INCOME OF £14,280 PER ANNUM***

306 Main Street - Currently LET at £7,140 per annum with 3.5 years remaining on lease, no breaks. Electric shutter, recently refurbished.

308 Main Street - Currently LET at £7,140 Per Annum on 10 year lease until 2033. Break option June 2024. Recently refurbished. Combined Rental Income - £14,280 PER ANNUM.

EXCELLENT TRADING LOCATION with HIGH VOLUMES OF PASSING TRAFFIC. Main shopping parade in Wishaw Town Centre.

Wishaw is located in North Lanarkshire and is approximately 15 miles from Glasgow city centre. The town lies on the A71 linking the town to the A73 and M8.

TENANTED INVESTMENT OPPORTUNITY*** Two ground floor tenanted commercial units with PROMINENT FRONTAGE onto BUSY MAIN STREET in Wishaw Town Centre. IMMEDIATE RENTAL INCOME OF £14,280 PER ANNUM*** 306 Main Street - Currently LET at £7,140 per annum with 3.5 years remaining on lease, no breaks. Electric shutter, recently refurbished. 308 Main Street - Currently LET at £7,140 Per Annum on 10 year lease until 2033. Break option June 2024. Recently refurbished. Combined Rental Income - £14,280 PER ANNUM.

Wishaw is located in North Lanarkshire and is approximately 15 miles from Glasgow city centre. The town lies on the A71 linking the town to the A73 and M8 and also benefit from established transport networks such as the local railway station and the bus network which have frequent services to and from Glasgow. Wishaw has a population of 40,000 persons. Excellent location in close proximity to the town centre, train station, schools and a number of local and national retailers including Morrisons, Iceland, McDonalds, Costa Coffee and Subway. Wishaw train station within minutes of the property. Wishaw is an affordable commuter town close to the M8 motorway network, Hamilton and Airdrie. Ideally situated for transport links on the main A721 Wishaw to Motherwell road. Wishaw Golf Course (1.1 miles). Ample parking available.

Full Address: 306-308 Main Street, Tenanted Portfolio, Wishaw Town Centre, ML2 7ND

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Tenancy Details

Type of Agreement: Basic Lease
Length: ongoing
Rent: £14,280 per year / £1,190 per month
Yield: 21% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Guide Price: £85,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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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: 09 May 2024, 3pm
Type: Deadline for Offers

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