BIDDING OPENS in...

Description

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

INCOME PRODUCING INVESTMENT*** Ground floor retail premises located in a prominent corner position in the TOWN CENTRE. Let to Ramsden financial producing £10,000 pa. **Attractive V.A.T Free Investment

The property is held on a full repairing and insuring head lease to Ramsdens Financial Ltd Passing Rent: £10,000p.a Expiry: November 2027 Ramsdens operates 169 stores across the UK.

The property has been fitted out in accordance with the tenants corporate specifications with laminated wooden floors fitted WC, office, suspended acoustic tile ceiling and LED lights.

The property forms the ground floor corner retail unit with an a larger mixed use traditional development surmounted by a pitched roof. Calculated to extend to the following internal area 50sqm (538sq

Neighbouring occupiers include; Primark, Barrhead Travel, Scotcrest Uniform, and Esme Anne Children's Boutique. Additionally, the Regent Shopping Centre, incorporating an M&S store.

INCOME PRODUCING INVESTMENT*** Ground floor retail premises located in a prominent corner position in the TOWN CENTRE. Let to Ramsden financial producing £10,000 pa. **Attractive V.A.T Free Investment. The property is held on a full repairing and insuring head lease to Ramsdens Financial Ltd Passing Rent: £10,000p.a Expiry: November 2027 Ramsdens operates 169 stores across the UK. The property has been fitted out in accordance with the tenants corporate specifications with laminated wooden floors fitted WC, office, suspended acoustic tile ceiling and LED lights. The property forms the ground floor corner retail unit with an a larger mixed use traditional development surmounted by a pitched roof. Calculated to extend to the following internal area 50sqm (538sq) Neighbouring occupiers include; Primark, Barrhead Travel, Scotcrest Uniform, and Esme Anne Children's Boutique. Additionally, the Regent Shopping Centre, incorporating an M&S store.

Hamilton is the administrative centre for the South Lanarkshire Council area, and lies approximately 12 miles south east of Glasgow. The town benefits from excellent road and rail links. The A723 gives immediate access to the M74/M8 and Central Scotland motorway network, linking to Glasgow, Edinburgh and the North of England, and there is a half hourly direct service to Glasgow Central from Hamilton Rail Station, which is an 8 minute walk from the property. The subjects are situated on Quarry Street, a pedestrianised area, in Hamilton Town Centre. Neighbouring occupiers include; Primark, Barrhead Travel, Scotcrest Uniform, and Esme Anne Children's Boutique. Additionally, the Regent Shopping Centre, incorporating an M&S store is located within close proximity to the property, and a new Premier Inn hotel is located within 4 minutes walk. South Lanarkshire Council is designing a masterplan for a multi-million pound regeneration project for the transformation of Hamilton Town Centre to create a new "urban village" with up to 450 new homes.

Full Address: 82 Quarry Street, Ramsdens, Hamilton, ML2 7AU

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2 Years
Rent: £10,000 per year / £833 per month
Yield: 13% (approx)
Tenant: Company
Notes: Let to Ramsdens Financial Passing Rent: £10,000p.a Expiry: November 2027

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £75,000

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

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.

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: 27 March 2025, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue