OPENING BID

Timed Online Auction

21 October 2021, 10am-3pm

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

Description

Full Address: 197 Main Street, Tenanted Investments, Wishaw, ML2 7NE

SUPER COMMERCIAL INVESTMENT PRODUCING IMMEDIATE INCOME. Large salon with car park and well-presented 2 bedroom flat in super location within Wishaw town centre. Rental income of over 20,000 per annum.

MASSIVE POTENTIAL INCOME PRODUCING INVESTMENT. Realistic potential rental income from the salon of over 20,000 per annum with the unit split into individual treatment rooms and potential to let each room individually.

2 bedroom upper flat with roof terrace. Entrance Hallway, Large open plan kitchen and lounge, 2 double bedrooms and modern shower room. Gas Central Heating and Double Glazing. Potential to extend into loft (full size of property).

Immediate rental income of 7,280 from the flat and 13,000 for the salon giving a combined total rental of over 20,000 per annum. SUPER UNIT WITH PRIVATE CAR PARK and access to the town centre's main car park.

Wishaw is a popular town near to Glasgow with all the required facilities, a broad range of shops, local markets, recreational activities, excellent golf courses & primary & secondary schooling.

SUPER COMMERCIAL INVESTMENT PRODUCING IMMEDIATE INCOME. Large salon with car park and well-presented 2 bedroom flat in super location within Wishaw town centre. Rental income of over 20,000 per annum. MASSIVE POTENTIAL INCOME PRODUCING INVESTMENT. Realistic potential rental income from the salon of over 20,000 per annum with the unit split into individual treatment rooms and potential to let each room individually. SUPER SIZE- APPROXIMATELY 245SQ M plus car park. 2 bedroom upper flat with roof terrace. Entrance Hallway, Large open plan kitchen and lounge, 2 double bedrooms and modern shower room. Gas Central Heating and Double Glazing. Potential to extend into loft (full size of property). Immediate rental income of 7,280 from the flat and 13,000 for the salon giving a combined total rental of over 20,000 per annum. SUPER UNIT WITH PRIVATE CAR PARK and access to the town centre's main car park. Wishaw is a popular town near to Glasgow with all the required facilities, a broad range of shops, local markets, recreational activities, excellent golf courses & primary & secondary schooling.

Wishaw is a popular town near to Glasgow with all the required facilities, a broad range of shops, local markets, recreational activities, 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 a mainline train station with connections to Glasgow Central. The immediate area provides good access to the Clyde Valley. Recreation facilities are found at Wishaw Golf Course and Wishaw Sports and Swimming Centre. The property affords access to local schooling, Wishaw General Hospital and the M8 and M74 motorway networks allow for fast and easy access to Glasgow, Edinburgh and the surrounding area.

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Tenancy Details

Type of Agreement: Basic Lease
Length: rolling
Rent: 20,280 per year / 1,690 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £196,000

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

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