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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

TENANTED INVESTMENT PROPERTY*** Ground floor commercial unit located on BUSY street within Motherwell town centre. ***IMMEDIATE RENTAL INCOME OF £10,000 PER ANNUM***

VAT FREE*** Currently LET until 31st July 2028 at £10,000 Per Annum. IMMEDIATE RETURN ON INVESTMENT***

SUPER TRADING SPOT*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons.

PROMINENT FRONTAGE onto BUSY street with HIGH volumes of passing trade.

EXCELLENT TRADING LOCATION*** Located within the town of Motherwell, with a population of approx. 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.

TENANTED INVESTMENT PROPERTY*** Ground floor commercial unit located on BUSY street within Motherwell town centre. ***IMMEDIATE RENTAL INCOME OF £10,000 PER ANNUM*** VAT FREE*** Currently LET until 31st July 2028 at £10,000 Per Annum. IMMEDIATE RETURN ON INVESTMENT*** SUPER TRADING SPOT*** Nearby occupiers include Lidl, Boots Pharmacy, Tony Macaroni, Tesco express and Tim Hortons. PROMINENT FRONTAGE onto BUSY street with HIGH volumes of passing trade. EXCELLENT TRADING LOCATION*** Located within the town of Motherwell, with a population of approx. 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.

Located within the town of Motherwell, with a population of approximately 31,906. Motherwell benefits from excellent road links via the M74 and links to the M73 and M8 Network.

Full Address: 153 Windmillhill Street, Motherwell, ML1 1RY

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Tenancy Details

Type of Agreement: Basic Lease
Length: until 31/07/2028
Rent: £10,000 per year / £833 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £85,000

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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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.

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £100,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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