Commercial Investment Opportunity

106 High Street, Lanark, ML11 7ES

£80,000 Opening Bid

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Type

Ownership

Bedrooms

3

Council Tax

Details

Property Summary


  • Prime Property Auctions New Entry. Great sized recently renovated commercial unit set in a busy street in Lanark. Rental potential of £10,000 per annum giving an IMPRESSIVE 11-12% Yield at Guide Price of £85,000.


 

 

 

  • Sure to appeal to a variety of buyers. Would suit an owner occupier or a commercial landlord looking for an easily lettable commercial property.


 

 

 

  • Large premises that extends to approximately 45 meters squared and has a rateable value of £6,600 which fall into the small business rates relief.


 

 

 

  • Property comprises: cosy reception and waiting room area, large open plan service area, separate office to the rear, newly renovated kitchen area and a W/C to the rear. Would suit business owner looking for an office or a shop unit.


 

 

 

  • Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.


 

 

Prime Property Auctions New Entry. Great sized recently renovated commercial unit set in a busy street in Lanark. Rental potential of £10,000 per annum giving an IMPRESSIVE 11-12% Yield at Guide Price of £85,000.

Property was previously used as an office. The property would lend itself to a variety of uses, such as office, shop unit, café or more. There could be potential to run as a hot food takeaway (subject to researching and gaining the necessary consents).

 

The property has a current rateable value of £6,600 and extends to approximately 45 meters squared. Property comprises: cosy reception and waiting room area, large open plan service area, separate office to the rear, newly renovated kitchen area and a W/C to the rear. Would suit business owner looking for an office or a shop unit. Rental potential of £10,000 per annum giving 11-12% Yield at Guide Price of £85,000.

 

Would suit an owner occupier or a commercial landlord looking for an easily lettable commercial property.

Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.

Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.

Location

The property sits in the heart of Lanark, just a short walk to the high street amenities, schools and train station. The Royal Burgh is steeped in history and has all the required facilities and amenities, including Tesco, Morrisons and Lidl, a wide range of local shops, retail park, health centre, bowling clubs, historic 18 hole golf course and Lanark Loch. Also, 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 at New Lanark, a world heritage site. Lanark is much favoured particularly for those requiring good transport links, local train station within easy walking distance and easy access to Glasgow and Edinburgh, with the Edinburgh City Bypass 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.

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

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Property Features

  • Prime Property Auctions New Entry. Great sized recently renovated commercial unit set in a busy street in Lanark. Rental potential of £10,000 per annum giving an IMPRESSIVE 11-12% Yield at Guide Price of £85,000.
  • Sure to appeal to a variety of buyers. Would suit an owner occupier or a commercial landlord looking for an easily lettable commercial property.
  • Large premises that extends to approximately 45 meters squared and has a rateable value of £6,600 which fall into the small business rates relief.
  • Property comprises: cosy reception and waiting room area, large open plan service area, separate office to the rear, newly renovated kitchen area and a W/C to the rear. Would suit business owner looking for an office or a shop unit.
  • Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.

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106 High Street, Lanark, ML11 7ES

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By completing & submitting this form you hereby consent for Prime Property Auctions to bid on your behalf in accordance with our Terms and Conditions of Sale. If your offer is successful we will require payment of the necessary reservation deposit by bank transfer for which details and invoice will be provided upon acceptance by the seller.