Vacant Commercial Property LOT 133

32 High Street, Lanark, ML11 7EX
OPENING BID

Timed Online Auction

02 December 2021, 10am-3pm

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

Description

Full Address: 32 High Street, Lanark, ML11 7EX

**HIGH STREET COMMERCIAL INVESTMENT OPPORTUNITY** Substantial retail unit located in extremely prominent position within the popular Lanark High Street. REALISTIC RENTAL POTENTIAL OF £15,000- £16,000 PER ANNUM.

Prominent single frontage, recessed entrance leading to an open plan sales area, counter and partitioned rear area with tea prep, store and w.c facilities. Prime trading spot close to the town's amin free car park.

SUPER SIZE- 28.19qm (303.4sq ft) in HIGH DEMAND RENTAL LOCATION with realistic rental potential of £15,000- £16,000 per annum. Property is exempt from rates (subject to status).

Super trading location on the popular High Street beside busy bus stop. Neighbouring occupiers include Greggs, Specsavers, Thomas Cook, Poundland, Costa Coffee, Ladbrokes, Chest Heart and Stoke & Royal Bank of Scotland.

The subjects are situated on the South side of High Street, East of its junction with Wellgate within the main retail parade of Lanark’s town centre. Lanark is a busy market town located approximately 20 miles south east of Glasgow and 30 miles south west of Edinburgh. The town has a resident population of c.10,000 with a further catchment of 55,000 persons.

**HIGH STREET COMMERCIAL INVESTMENT OPPORTUNITY** Substantial retail unit located in extremely prominent position within the popular Lanark High Street. REALISTIC RENTAL POTENTIAL OF £15,000- £16,000 PER ANNUM. Prominent single frontage, recessed entrance leading to an open plan sales area, counter and partitioned rear area with tea prep, store and w.c facilities. Prime trading spot close to the town's amin free car park. Super trading location on the popular High Street beside busy bus stop. Neighbouring occupiers include Greggs, Specsavers, Thomas Cook, Poundland, Costa Coffee, Ladbrokes, Chest Heart and Stoke & Royal Bank of Scotland. SUPER SIZE- 28.19qm (303.4sq ft) in HIGH DEMAND RENTAL LOCATION with realistic rental potential of £15,000- £16,000 per annum. Property is exempt from rates (subject to status). The subjects are situated on the South side of High Street, East of its junction with Wellgate within the main retail parade of Lanark’s town centre. Lanark is a busy market town located approximately 20 miles south east of Glasgow and 30 miles south west of Edinburgh. The town has a resident population of c.10,000 with a further catchment of 55,000 persons.

Town centre location and only a two minute walk to the local train station. The Royal Burgh of Lanark is steeped in history and has all the required facilities and amenities, including modern primary and secondary schools, historic 18 hole golf course and Lanark Loch, good access to the Scottish Borders and the Clyde valley, providing excellent walks for the outdoor enthusiast including Tinto Hill and the Falls of Clyde. Lanark is much favoured particularly for those requiring good transport links, local train station and easy access to Glasgow and Edinburgh. Edinburgh City Bypass is only a thirty minute drive away, giving good access to East Central Scotland. The M74 is only a fifteen minute journey giving good access to Glasgow and the West of Scotland. In all, this property is ideally situated for the commuter to either Edinburgh or Glasgow

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Location

Pricing Information & Bidding

Opening Bid: £98,000

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).

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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: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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