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Guide Price
£250,000 Guide Price

220 – 224 Main Street, Wishaw, ML2 7LU

213109315

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4

days

7

hours

32

minutes

7

seconds

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4

days

7

hours

32

minutes

7

seconds

Type

Ownership

Occupation

Occupied

Bedrooms

Council Tax

Planning drawings - Outline
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Commercial Lease
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Available documents

Planning drawings - Outline
Commercial Lease
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Rare Portfolio Opportunity

Details

Property Summary

    • We are excited to present this Investment Opportunity. These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw ***Guide Price of £250,000***

    • Commercial unit No.222 (537 sqft) currently achieves £4,000 P/A, and Commercial unit No.222/224 (596 sqft) currently achieves £6,000. This generates a total income of £10,000 Per annum with the potential to increase over time. ***Fantastic Rental growth potential***

    • The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an outstanding Yield of 8% - 9% based on the Guide price £250,000. 

    • Sure to appeal to shred investors looking for a passive income opportunity. Amazing opportunity to diversify between commercial and residential rental income *** Massive capital growth Potential ***

    • ***156, Main Street, Wishaw ML2 7LU sold for £500,000,86-94, Main Street, Wishaw, Lanarkshire ML2 7LU sold for £300,000***

    We are excited to present this Investment Opportunity. These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw ***Guide Price of £250,000***

    Sure to appeal to shred investors looking for a passive income opportunity. Amazing opportunity to diversify between commercial and residential rental income *** Massive capital growth Potential***

    The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an outstanding Yield of 8% - 9% based on the Guide price £250,000.

    Commercial unit No.222 currently achieves £4,000 P/A, and Commercial unit No.222/224 currently achieves £6,000. This generates a total income of £10,000 Per annum with the potential to increase over time. ***Fantastic Rental growth potential***

    ***156, Main Street, Wishaw ML2 7LU sold for £500,000, 86-94, Main Street, Wishaw, Lanarkshire ML2 7LU sold for £300,000***

    The rateable value for the unit is £4,800, which would qualify for small business rates relief.

    Sale Comprises:

    Two Commerical units (Main shop front) No.222 (537 sqft) / No.222/224 (596 sqft)

    The residential units comprise an entrance Hallway, a Livingroom / Kitchen, a Double bedroom, and a Bathroom. They also benefit from a Rear storage area that could be converted to residential use.

    This portfolio also comes with a 2 storey brick building which historically had planning consent for residential flats.

    ***PRICED TO ENSURE A QUICK AUCTION SALE***

    All planning enquiries must be made to the relevant local council

    Sure to appeal to shrewd investors rare project with the potential for massive rental growth upside. (subject to gaining necessary Planning & Information)

    Sure to appeal to shrewd investors looking for a great high yielding opportunity with great development potential.

    The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

    This lot is open to immediate offers. Swing that there is strong demand.

    This property is offered at a fantastic price to ensure an Auction sale.

    The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

    Location:

    Situated in the bustling town of Wishaw, this property in ML2 7LU offers an excellent opportunity for families, professionals, and commuters alike. Wishaw is a vibrant area with a strong sense of community and a wide range of local amenities, including shops, cafes, schools, and leisure facilities. 

    The nearby Wishaw General Hospital and multiple parks add to the town’s appeal. For commuters, Wishaw is exceptionally well-connected, with easy access to the M8 and M74 motorways, providing swift routes to Glasgow, Edinburgh, and beyond. Additionally, Wishaw train station offers regular services to Glasgow and other key destinations. Combining convenience, connectivity, and a welcoming community, this location is perfect for those looking to enjoy suburban living with excellent transport links.

Deposit & Fee Calculator

10%, minimum deposit £3,000

3% + VAT with a £4,000 minimum fee (inc VAT)

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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.

Property Features

  • We are excited to present this Investment Opportunity. These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw ***Guide Price of £250,000***
  • Commercial unit No.222 (537 sqft) currently achieves £4,000 P/A, and Commercial unit No.222/224 (596 sqft) currently achieves £6,000. This generates a total income of £10,000 Per annum with the potential to increase over time. ***Fantastic Rental growth potential***
  • The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an outstanding Yield of 8% - 9% based on the Guide price £250,000.
  • Sure to appeal to shred investors looking for a passive income opportunity. Amazing opportunity to diversify between commercial and residential rental income *** Massive capital growth Potential ***
  • ***156, Main Street, Wishaw ML2 7LU sold for £500,000,86-94, Main Street, Wishaw, Lanarkshire ML2 7LU sold for £300,000***

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