Tenanted Commercial Property LOT 27

56 Westwood Road, Newmains, Wishaw, ML2 9DQ
GUIDE PRICE

Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 56 Westwood Road, Newmains, Wishaw, ML2 9DQ

TENANTED INVESTMENT OPPORTUNITY*** Large Commercial premises currently let at 9,000 Per Annum until August 2028 giving an EXCELLENT 12% YIELD at current guide price.

Ready let Investment - Let to Roofing Company. Long term tenants until August 2028 paying 750PCM (9,000PA) Ideal purchase for investors looking for a great return. Over 12% Yield if guide achieved.

Fitted with NEW electric roller shutter giving access into main shop area with additional entrance to the side. The property has been refurbished internally and also re-roofed.

Large plot and excellent access with Main Road Frontage. Fantastic opportunity for investment and capital growth. IMMEDIATE INCOME.

Wishaw is an affordable commuter town close to the M8 motorway network, Hamilton and Airdrie. Ideally situated for transport links on the main A721 Wishaw to Motherwell road.

DETACHED tenanted commercial premises with parking available. Currently tenanted at 750PCM (9,000 Per Annum) until 30th August 2028*** 12% Yield at current guide price. The building has undergone extensive refurbishment internally and also re-roofed. PRICED for auction sale in a popular residential area of Newmains. Ready let Investment - Let to Roofing Company. Long term tenants until August 2028 paying 750PCM (9,000PA) Ideal purchase for investors looking for a great return. Over 12% Yield if guide achieved. Former Co-op premises with large internal floor space separated into main shop floor with loft space (same footprint), rear storage room and toilet facilities. Close proximity to ASDA and M8 motorway links. Great opportunity for investment and capital growth. The M74 and M8 motorway networks are nearby and provide further national travel links throughout the UK. Wishaw and the surrounding towns of Carluke, Motherwell and Hamilton provide access to a selection of good schools as well as numerous retail and leisure facilities

Wishaw is a thriving town with all the required facilities, a broad range of shops, local markets, recreational & leisure, excellent golf courses and good schools at both primary and secondary levels. Wishaw also favours commuters to both Edinburgh and Glasgow, with good transport links, including Wishaw train station. Also an area which provides good access to the Clyde Valley. Excellent location in close proximity to the town centre, train station, schools and a number of local and national retailers including Morrisons, Iceland, McDonalds, Costa Coffee and Subway. Wishaw is an affordable commuter town close to the M8 motorway network, Hamilton and Airdrie. Ideally situated for transport links on the main A721 Wishaw to Motherwell road.

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Tenancy Details

Type of Agreement: Basic Lease
Length: until 30th August 2028
Rent: 9,000 per year / 750 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: 750PCM

Document Downloads

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Location

Pricing Information & Bidding

Guide Price: £85,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 30 September 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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