Tenanted Commercial Property LOT 6

4-6 Quarry Place, Hamilton, ML3 7BB
GUIDE PRICE

Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

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

Description

Full Address: 4-6 Quarry Place, Hamilton, ML3 7BB

**COMMERCIAL PORTFOLIO OPPORTUNITY** 2 Prime TOWN CENTRE tenanted commercial investments. Immediate Rental Income of 13,280 Per Annum.

4 Quarry Place, Hamilton currently trading as a barbers - let to KVN barbers on 10 year FRI lease at 6,000 per annum from 09/10/2015 until 08/10/2025.

6 Quarry Place, Hamilton currently trading as an alterations and dress making shop. Let to Bernie & Lynns alterations on 5 year FRI lease at 7,280 per annum from 05/04/2021 until 04/04/2026.

Fantastic opportunity to acquire two adjoining high street retail investments in the heart of Hamilton. Combined Rental Income 13,280 Per Annum. Ideal Investment Opportunity.

Excellent location in the centre of Hamilton located on a Prime Pedestrianised Pitch near to Subway, New Cross Shopping Centre, Santander, Greggs and Specsavers.

**COMMERCIAL PORTFOLIO OPPORTUNITY** 2 Prime TOWN CENTRE tenanted commercial investments. Immediate Rental Income of 13,280 Per Annum. 4 Quarry Place, Hamilton currently trading as a barbers - let to KVN barbers on 10 year FRI lease at 6,000 per annum from 09/10/2015 until 08/10/2025. 6 Quarry Place, Hamilton currently trading as an alterations and dress making shop. Let to Bernie & Lynns alterations on 5 year FRI lease at 7,280 per annum from 05/04/2021 until 04/04/2026. Fantastic opportunity to acquire two adjoining high street retail investments in the heart of Hamilton. Combined Rental Income 13,280 Per Annum. Ideal Investment Opportunity. Excellent location in the centre of Hamilton located on a Prime Pedestrianised Pitch near to Subway, New Cross Shopping Centre, Santander, Greggs and Specsavers.

The properties are centrally located in Hamilton town centre and offers fantastic shopping facilities and retail parks with many well known high street retailers all within close proximity. There is an excellent choice of sports and recreational facilities including swimming pool, tennis club, golf courses and gyms. Hamilton has a wide variety of pubs, restaurants and bistros. Excellent public transport with regular bus and trains to the surrounding towns and cities including Glasgow and Edinburgh. For those commuting by car there is the convenience of the M74 motorway with access both north and southbound and access to the East Kilbride expressway Glasgow City Centre and M8 motorway.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: 13,280 per year / 1,107 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Guide Price: £135,000


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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