Tenanted Commercial Property LOT 179

30 Quarry Street, Hamilton, ML3 7AR
GUIDE PRICE

Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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

Description

Full Address: 30 Quarry Street, Hamilton, ML3 7AR

LET PRIME Commercial Investment- 10,000 p.a (Low rental REDUCED FROM 23,000 p) until 27/5/2023 to Shelter Charity the national campaign for homeless (35 stores across Scotland). GRADE A TENANT

Shelter have been in occupation since 1998 (19 YEARS EXCELLENT TRADING UNIT). Prime pedestrianised pitch. Opposite entrance to the Regent Shopping Centre. Tenant has re-fitted the property recently.

Ground floor retail unit with first floor ancillary accommodation which forms part of a larger building. Good ideal retailing size - 1,066 square feet. ***MODERN INTERNAL & EXTERNAL SHOP-FIT.*** super spot facing Regent Centre near Primark, The Money Shop and Greggs.

Shelter Scotland is a charity set up in 1968 that works to alleviate the distress caused by homelessness and bad housing. They now have over 35 stores across Scotland Triple 'A' Very very low risk tenant/covenant strength.7).

Located on a Prime Pedestrianised Pitch near to Subway, New Cross Shopping Centre, Santander, Greggs and Specsavers. SECURE INVESTMENT. 10 miles south-east of Glasgow, 33 miles south-west of Edinburgh and 2 minutes to Hamilton Train Station.

100% PRIME town centre INVESTMENT location super spot facing entrance to Regent Centre near Primark, The Money Shop, Thomson and Greggs. Hassle free commercial investment with rental growth expected at 2018 review and national tenant - SHELTER CHARITY who have been in occupation since 1998 (19 years) and have re-fitted the property to a high standard. (Low rental at 10,000 per annum REDUCED FROM 23,000 per annum) until 27/5/2023 (rent review May 2018) to 'Shelter' Charity the national campaign for homeless (35 stores across Scotland). GRADE A TENANT. Very low risk. Shelter have been in occupation since 1998 (19 YEARS EXCELLENT TRADING UNIT). Prime pedestrianised pitch. Opposite entrance to the Regent Shopping Centre. Tenant has re-fitted the property recently. RENT REDUCED FROM 23,000 p.a to 10,000 p.a rental growth expected towards 16,000 p.a at 28/5/2018 rent review. The property comprises a ground floor retail unit with first floor ancillary accommodation which forms part of a larger building. Good ideal retailing size - 1,066 square feet. ***MODERN INTERNAL & EXTERNAL SHOP-FIT.*** Shelter is a Triple 'A' Very very low risk tenant/covenant strength. SECURE INVESTMENT. Ideal town centre investment 10 miles south-east of Glasgow, 33 miles south-west of Edinburgh and 2 minutes walk to Hamilton Centre Train Station. GREAT LONG TERM INVESTMENT.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2023
Rent: 10,000 per year / 833 per month
Yield: 8% (approx)
Tenant: Company
Notes: Let to Shelter since 1998. The Parties Agree a 5 Year Reversionary Lease/ Lease Extension from May 2023

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Location

Pricing Information & Bidding

Guide Price: £120,000


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: 25 June 2021, 4pm
Type: Deadline for Offers

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