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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

EXCELLENT TENANTED INVESTMENT OPPORTUNITY*** Ground floor commercial unit located in the heart of Motherwell Town Centre. IMMEDIATE RETURN ON INVESTMENT***

VAT FREE*** Currently LET to Wonderland Tattoos Limited until 2nd December 2028 at £12,500 Per Annum.

PRIME TRADING LOACTION*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons.

SUPER SPOT ON BUSY STREET*** High volumes of passing trade.

Motherwell is ideally placed to take full advantage of the M8 and M74 Motorways.

EXCELLENT TENANTED INVESTMENT OPPORTUNITY*** Ground floor commercial unit located in the heart of Motherwell Town Centre. IMMEDIATE RETURN ON INVESTMENT*** VAT FREE*** Currently LET to Wonderland Tattoos Limited until 2nd December 2028 at £12,500 Per Annum. PRIME TRADING LOACTION*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons. SUPER SPOT ON BUSY STREET*** High volumes of passing trade. Motherwell is ideally placed to take full advantage of the M8 and M74 Motorways.

Located within the town of Motherwell, with a population of approximately 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.

Full Address: 147 Windmillhill Street, Motherwell, ML1 1RY

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Tenancy Details

Type of Agreement: Basic Lease
Length: 02/12/2028
Rent: £12,500 per year / £1,042 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £102,000

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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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VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.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: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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