Tenanted Commercial LOT 62

26a Netherhall Road, Wishaw, ML2 0JG
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Description

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

Substantial industrial yard and storage facility within the Netherton Industrial Estate. Main road access off Netherhall Road. Currently leased to a car recovery business and garage premises.

Secure Yard with generous on-site parking. Well established industrial estate. Rare Freehold opportunity. Nearby neighbours include: MGM Timber, Summit Platforms, CEF (City Electrical Factors).

Passing rent of £60,000 per annum. Tenant has been in occupation since 2015. For Sale as A Whole. Wishaw is located within North Lanarkshire, approximately 17 miles south east of Glasgow.

The motorway network in the immediate vicinity has recently undergone substantial improvement works which has brought significant improvements to traffic flow.

Wishaw is situated within the North Lanarkshire Local Authority Region approximately 15 miles east of Glasgow and 3 miles east of Motherwell with a population of approximately 30,000 persons.

Substantial industrial yard and storage facility within the Netherton Industrial Estate. Main road access off Netherhall Road. Currently leased to a car recovery business and garage premises. Passing rent of £60,000 per annum. Tenant has been in occupation since 2015. For Sale as A Whole. Comprises a secure yard with gated entrance. Industrial and Logistics Use. Excellent Transport Links. Established Industrial Location. Great Opportunity for Development. Quick Transport Links. The site offers excellent potential for further commercial development due to the immediate access to main vehicular routes servicing the surrounding area. Considerable improvement works are being undertaken to Junctions 5 and 6 on the M9 improving travel times to the rest of the national motorway network. The surrounding area over recent years has become increasingly established as an office and industrial location within Wishaw. Secure Yard with generous on-site parking. Well established industrial estate. Rare Freehold opportunity. Nearby neighbours include: MGM Timber, Summit Platforms, CEF (City Electrical Factors). The property is situated within the established Excelsior Park which is accessed via the A721 (Glasgow Road) linking into the B754 Netherton Road. The estate is a five minute drive south west of Wishaw town centre. The property is bounded by Netherhall Road to the south. Excelsior Park is a popular location represented by a number of high profile and national occupiers including Siemens, Royal Mail, Screwfix, Toolstation, NHS, McGees and Howden. LOCATION: Glasgow lies 23 miles to the south west, Edinburgh 25 miles to the south east and Stirling is situated just 12 miles to the west. Wishaw has a population of approximately 150,000 with a resident catchment of 243,000 within a 20 minute drive and 631,500 within a 40 minute drive.

Wishaw is a large town in North Lanarkshire, Scotland, on the edge of the Clyde Valley, 15 miles south-east of Glasgow city centre. Wishaw is on the A71, Edinburgh, Livingston and Kilmarnock road which links the town to the M74 as well as the A73 which links the town with the Borders regions and the M8. The town is served by two railway lines Wishaw railway station and Shieldmuir railway station. Wishaw is located within North Lanarkshire, 17 miles south east of Glasgow, 33 miles west of Edinburgh, 7 miles east of Hamilton and 5 miles south east of Motherwell. The town is strategically positioned between the M74 motorway and the A73, providing excellent access to the M73 and M8 motorways linking into the Central Belt of Scotland. Wishaw has a population of around 20,000 people with the wider North Lanarkshire catchment having a population of 327,000 people. The property is situated within the established Excelsior Park which is accessed via the A721 (Glasgow Road) linking into the B754 Netherton Road. The estate is a five minute drive south west of Wishaw town centre. The property is bounded by Netherhall Road to the south. Excelsior Park is a popular location represented by a number of high profile and national occupiers including Siemens, Royal Mail, Screwfix, Toolstation, NHS, McGees and Howden.

Full Address: 26a Netherhall Road, Wishaw, ML2 0JG

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Annual
Rent: £60,000 per year / £5,000 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Passing rent of £60,000 per annum. Tenant has been in occupation since 2015.

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Pricing Information & Bidding

Opening Bid: £395,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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