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7-9  Gateside Street, Let Full Building Portfolio Investment  Hamilton

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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Full Building in Town Centre Location comprising 2 x Retail and 2 x Office Suites. Fully let wint annual Income Producing £36,904p.a. V.A.T. Free Investment. Potential Upper Residential Development.

Encompassing 7 Gateside Street, 9 Gateside Street & 11 Gateside Street. The development offers 2 ground floor commercial units with 2 self contained office suites at 1st & 2nd floors.

The ground floor offers a take away unit and kilt retailer, with accountancy firm and new age medical practice at top floor.

The upper floors are accessed via a controlled entrance door at street level leading to a pend and in turn an internal staircase leading to the upper floors.

Each space has been renovated to suit the tenants business requirements.

The property comprises a complete 3 storey traditional sandstone development surmounted by a pitched roof. The development offers 2 ground floor commercial units with 2 self contained office suites at 1st & 2nd floors. The ground floor offers a take away unit and kilt retailer, with accountancy firm and new age medical practice at top floor. The upper floors are accessed via a controlled entrance door at street level leading to a pend and in turn an internal staircase leading to the upper floors. Each space has been renovated to suit the tenants business requirements. Each unit is let on the following terms; 7 Gateside Street 1st Floor: Let to Stoer Accounting at a passing rent of £7,500per annum with a lease expiry of 30th September 2029. 865sq ft 2nd Floor: Let on a personal name, operating as a new age medical practice, engaging in mental health and therapy practices by appointment only. The lease expired on 2nd November 2025 with the lease running on tacit with a current passing rent of £6,000p.a. The tenant has not discussed exiting the lease, and would likely be keen to engage to extend. 865sq ft 9 Gateside Street Let to BG Hamilton Ltd t/a Burgur Grill at a current passing rent of £12,000per annum expiring 31st January 2037 with a tenants option to determine on 31st January 2027. There is a deposit of £3,000 held by the vendor. 600sq ft 11 Gateside Street Let to Kilt & Suit Co Ltd with the lease running on tacit at a current passing rent of £11,404p.a. There has been no engagement with the tenant in relation to the lease being extended. 1,264sq ft

The property is located on a prominent position on Gateside Street, adjacent to its junction with Quarry Street within Hamilton town centre. The property is in close proximity to the town’s main rail and bus stations. Nearby occupiers include Cadzow Bakehouse, Pizza Hut, Igloo estate agents, Burgur Grill and Mercedes Benz Hamilton is a large town in South Lanarkshire, Scotland, located in the Central Lowlands approximately 10–12 miles (16–19 km) southeast of Glasgow city centre. It sits on the south bank of the River Clyde at its confluence with the Avon Water and serves as the main administrative centre for South Lanarkshire Council. Historically the county town of Lanarkshire, Hamilton forms part of the Greater Glasgow urban conurbation while maintaining its own distinct identity. With a population of approximately 55,000, Hamilton benefits from a substantial local catchment that extends across much of South Lanarkshire, drawing residents from nearby towns such as Blantyre, Bothwell, and East Kilbride. The town is well-connected with excellent transport links, including Hamilton Central and Hamilton West railway stations offering frequent services to Glasgow (around 20–25 minutes), Edinburgh, and beyond. It also has direct access to the M74 motorway, a major bus station, and strong road connections, making it highly accessible for commuters and visitors.

Full Address: 7-9 Gateside Street, Let Full Building Portfolio Investment, Hamilton, ML3 7HT

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Various
Rent: £36,904 per year / £3,075 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: V.A.T. Free Investment. Each space has been renovated to suit the tenants business requirements.

Document Downloads

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* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

Pricing Information & Bidding

Opening Bid: £234,000

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Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 04 June 2026, 10am-3pm
Type: Timed Online Auction

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