BIDDING OPENS in...

Map & Location

Map   Street View   Satellite

Description

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

***Prime commercial investment opportunity*** Enclosed commercial yard with secure entrance gates*** 3 tenanted units and 1 vacant***

***Premium site located directly off busy main road*** Opposite Righead Industrial Estate which houses a number of prestigious known brands***

***There are 4 commercial units within the enclosed yard*** The site is perfect for asset management to maximise rentals and increase rental yield substantially***

*** Units 1, 2 & 3 are tenanted on month to month leases with a combined annual rent of £23,700 pa***With unit 4 being vacant there is scope to increase this figure immediately***

***Potential high yielding commercial units in enclosed yard*** Ideal for asset management*** Potential alternative development opportunities (STPP)*** Premium position on busy main road***

***Prime commercial investment opportunity*** Enclosed commercial yard with secure entrance gates*** 3 tenanted units and 1 vacant*** ***Premium site located directly off busy main road*** Opposite Righead Industrial Estate which houses a number of prestigious known brands*** ***There are 4 commercial units within the enclosed yard*** The site is perfect for asset management to maximise rentals and increase rental yield substantially*** *** Units 1, 2 & 3 are tenanted on month to month leases with a combined annual rent of £23,700 pa***With unit 4 being vacant there is scope to increase this figure immediately*** ***With the correct asset management a realistic rental figure of circa £40,000 pa could be achievable*** ***Potential high yielding commercial units in enclosed yard*** Ideal for asset management*** Potential alternative development opportunities (STPP)*** Premium position on busy main road*** ***This is a premium commercial site with massive potential to add value and income through planned asset management*** The units are leased on short term month to month arrangements which gives any new owner a degree of flexibility over occupancy*** ***There are 4 advertising boards at the edge of the site, these are not included in the sale***

The property is located close to Bellshill Town Centre with a wide range of shops and other amenities. The location benefits from a considerable amount of passing vehicle traffic with Bellshill being easily accessible via the Glasgow motorway network. Bellshill benefits from good public transport links and is located approx 13 miles south east of Glasgow City Centre. Located opposite Righead Industrial Estate with a number of recognised National companies. Other well known names in the immediate area include Screwfix, DHL and McDonalds.

Full Address: 802 Old Edinburgh Road, Bellshill, ML4 3JG

Show More

Tenancy Details

Type of Agreement: Informal Arrangement
Length:
Rent: £23,700 per year / £1,975 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes:

Document Downloads

  Legal Pack (Pending)

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £271,000

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.

View Live Online Auction

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.

Submit Offer Now

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.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue