Tenanted Commercial Property LOT 1

118-120 Merry Street, Motherwell, ML1 1NA
GUIDE PRICE

Deadline for Offers

28 October 2021, 3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 118-120 Merry Street, Motherwell, ML1 1NA

Town Centre Commercial Investment comprising TWO tenanted units with an Combined Rental income of 21,240 Per Annum. EXCELLENT INVESTMENT OPPORTUNITY***

Ground Floor - Tenanted fish and chip shop extending to approx. 814 Sq. Ft. currently LET at 1,170PCM (14,040 Per Annum) until 25th November 2039. BUSY TRADING LOCATION.

First Floor is occupied by a Beauticians, the unit extends to approx. 645 Sq. Ft. and is tenanted at 600PCM (7,200 Per Annum) until 12th February 2022. On street parking available.

Ideal purchase for landlord or Investor looking to build/increase size of portfolio. Currently tenanted at 21,240 Per Annum. Great return on Investment.

Prominent position on the preferred south side of Merry Street. Busy TOWN CENTRE location with high passing trade. Just a short walk to Motherwell Train Station.

Town Centre Commercial Investment comprising TWO tenanted units with an Combined Rental income of 21,240 Per Annum. EXCELLENT INVESTMENT OPPORTUNITY*** Ground Floor - Tenanted fish & chip shop extending to approx. 814 Sq. Ft. currently LET at 1,170PCM (14,040 Per Annum) until 25th November 2039. BUSY TRADING LOCATION. First Floor is occupied by a Beauticians, the unit extends to approx. 645 Sq. Ft. and is tenanted at 600PCM (7,200 Per Annum) until 12th February 2022. On street parking is available on Merry Street itself and there is a car park and service area to the rear. Ideal purchase for landlord or Investor looking to build/increase size of portfolio. Currently tenanted at 21,240 Per Annum. Great return on Investment. Prominent position on the preferred south side of Merry Street. Busy TOWN CENTRE location with high passing trade. Just a short walk to Motherwell Train Station. Nearby occupiers include Subway, TSB Bank, McDonalds, Pizza hut, Nationwide Building Society and Iceland.

Prominent position on the preferred south side of Merry Street, a very busy secondary thoroughfare and arterial route just to the east of Motherwell town centre. Just a short walk to Motherwell Train Station. Nearby occupiers include Subway, TSB Bank, McDonalds, Pizza hut, Nationwide Building Society and Iceland. On street parking is available on Merry Street itself and there is a car park and service area to the rear.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: 21,240 per year / 1,770 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Ground Floor let at 1,170PCM (14,040 P/Annum) until 25th November 2039. First Floor let at 600PCM (7,200 P/A) until 12th February 2022.

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Location

Pricing Information & Bidding

Guide Price: £210,000


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: 28 October 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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