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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
TENANTED INVESTMENT PROPERTY*** Ground floor commercial unit located on BUSY street within Motherwell town centre. ***IMMEDIATE RENTAL INCOME OF £10,000 PER ANNUM***
VAT FREE*** Currently LET until 31st July 2028 at £10,000 Per Annum. IMMEDIATE RETURN ON INVESTMENT***
SUPER TRADING SPOT*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons.
PROMINENT FRONTAGE onto BUSY street with HIGH volumes of passing trade.
EXCELLENT TRADING LOCATION*** Located within the town of Motherwell, with a population of approx. 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.
TENANTED INVESTMENT PROPERTY*** Ground floor commercial unit located on BUSY street within Motherwell town centre. ***IMMEDIATE RENTAL INCOME OF £10,000 PER ANNUM***
VAT FREE*** Currently LET until 31st July 2028 at £10,000 Per Annum. IMMEDIATE RETURN ON INVESTMENT***
SUPER TRADING SPOT*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons.
PROMINENT FRONTAGE onto BUSY street with HIGH volumes of passing trade.
EXCELLENT TRADING LOCATION*** Located within the town of Motherwell, with a population of approx. 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.
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: 153 Windmillhill Street, Motherwell, ML1 1RY
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Tenancy Details
Type of Agreement: Basic Lease
Length: until 31/07/2028
Rent: £10,000 per year / £833 per month
Yield: 20% (approx)
Tenant: Private Individual
Notes:
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Pricing Information & Bidding
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: 05 December 2024, 10am-3pm
Type: Timed Online Auction
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