Tenanted Commercial Property LOT 5

229 Main Street, Wishaw, ML2 7NE
OPENING BID

Timed Online Auction

07 October 2021, 10am-3pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 229 Main Street, Wishaw, ML2 7NE

Perfect Investment property. Tenanted ground floor commercial unit on busy Wishaw Main Street. Immediate Rental Return.

Currently LET at 7,800 PER ANNUM until 4th April 2026. High passing trade in busy town centre location. Excellent Investment Opportunity.

Ideal purchase for landlord or Investor looking to build/increase size of portfolio. Unit extends to approx. 59.49 sq. m. (674 sq. ft.).

Located on the south side of Main Street close to its junction with Belhaven Terrace and Dryburgh Road within Wishaw Town Centre. Main Street is the main retailing area within the town.

Wishaw is a popular commuter town with good transport links and road networks with easy access to both the M8 and M74 road networks giving good access to Central Scotland and beyond.

Perfect Investment property. Tenanted ground floor commercial unit on busy Wishaw Main Street. Immediate Rental Return. Currently LET at 7,800 PER ANNUM until 4th April 2026. High passing trade in busy town centre location. Excellent Investment Opportunity. Ideal purchase for landlord or Investor looking to build/increase size of portfolio. Located on the south side of Main Street close to its junction with Belhaven Terrace and Dryburgh Road within Wishaw Town Centre. Main Street is the main retailing area within the town. Wishaw is a popular commuter town with good transport links and road networks with easy access to both the M8 and M74 road networks giving good access to Central Scotland and beyond.

Wishaw is a popular commuter town with all the required facilities, a good range of shops, including Tesco, Morrisons, Lidl and Aldi, local markets, recreational and leisure facilities, excellent golf courses, good schools at both primary and secondary levels. Wishaw also favours commuters to both Edinburgh and Glasgow, with good transport links and road networks with easy access to both the M8 and M74 road networks giving good access to Central Scotland and beyond.

Show More

Tenancy Details

Type of Agreement: Basic Lease
Length: until 4th April 2026
Rent: 7,800 per year / 650 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

Document Downloads

  LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Opening Bid: £58,000

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

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: 07 October 2021, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 93
£52,000 OPENING BID
  • TENANTED COMMERCIAL INVESTMENT PROPERTY*** Large DOUBLE fronted commercial unit within bu...
Lot 186
£88,000 OPENING BID
  • DUAL ASPECT Refurbished Commercial Unit with corner frontage and open aspects. PROMINENT ...
Lot 8
£48,000 OPENING BID
  • Excellent Opportunity to purchase large commercial unit located in BUSY Airdrie Town Cent...