DEADLINE FOR OFFERS EXTENDED Wednesday 23rd August 2017 at 5pm. Submit an Offer Now

Lot 2c

Guide Price: £217,500

24 Stewarton Street, Betfred Investment, Wishaw, ML2 8AN


PRIME GRADE A Tenant Wishaw Centre INVESTMENT LET @ £21,000 per annum (low rental) t/a BETFRED' (£29 million PRE-TAX PROFITS) - January 2017 BREAK OPTION NOT EXERCISED BY TENANT SHOWING COMMITMENT and TRADE WELL ***GREAT SPOT***WELL FITTED OUT***VAT FREE INVESTMENT***1398 square feet (IDEAL SIZE).


  • Original FRI Lease to Tote Bookmakers t/a Betfred Bookmakers. ***VAT FREE INVESTMENT.*** Rental £21,000 p/a. Lease from 21 June 2010 until 11th January 2022. TENANT HAD A BREAK OPTION January 2017 WHICH THEY TENANT DID NOT EXERCISE. Y/E September 2015, Done Brothers Turnover of £320,065,000, pre-tax profits of £29,293,000.
  • Potential for rental growth 11th January 2017 rent review not agreed. 100% Prime HIGHLY VISIBLE 1398 SQUARE FEET - Unit REFURBISHED - VERY BUSY SITE **Excellent trading position.** BUSIER SIDE OF THE ROAD. Next door to the "Cross Keys" Public House. 3 Doors from Lanarkshire's Largest CLYDESDALE BANK, 2 units from TSB BANK.
  • THIS PROPERTY WAS HISTORICALLY SOLD FOR £271,000 (January 2007). Wishaw is good sized town located within the North Lanarkshire local authority region approximately 15 miles south-east of Glasgow with a residential population of approximately 30,000 people. The subjects are located in the heart of Wishaw town centre.
  • LET PRIME INVESTMENT £21,000 pa

VAT FREE INVESTMENT.*** PRIME Town Centre INVESTMENT OPPORTUNITY. PRIME GRADE A Tenant Wishaw Centre INVESTMENT LET @ £21,000 per annum (low rental) t/a BETFRED' (£29 million PRE-TAX PROFITS) - January 2017 BREAK OPTION NOT EXERCISED BY TENANT SHOWING COMMITMENT and TRADE WELL ***GREAT SPOT***WELL FITTED OUT.*** 130.7 square metres - 1398 square feet (IDEAL SIZE). THIS PROPERTY WAS HISTORICALLY SOLD FOR £271,000 (January 2007). FULL REPAIRING & INSURING LEASE (tenant liable for all repairs + factors bills). Tenant Been in occupation for 7 YEARS already. Low rental scope for good rental growth. Original FRI Lease to Tote Bookmakers t/a Betfred Bookmakers. ***VAT FREE INVESTMENT.*** Rental £21,000 p/a. Lease from 21 June 2010 until 11th January 2022. TENANT HAD A BREAK OPTION on 11th January 2017 WHICH THEY TENANT DID NOT EXERCISE. Therefore showing commitment the unit trades very well (Break option was 2 months ago). t/a Betfred. For the year ending 26th September 2015, Done Brothers (Cash Betting) Limited reported a turnover of £320,065,000, pre-tax profits of £29,293,000 and a total net worth of £23,115,000 (Source: Experian Group 20/02/2017). Potential for rental growth 11th January 2017 rent review not agreed. HAMILTON - 20 MINUTES, AIRDRIE 25 MINUTES GLASGOW - 25 MINUTES. VERY BUSY SITE Good size circa 1,398 SQUARE FEET with front shop, back shop area, toilet/wc. Kitchen facilities. IDEAL INVESTMENT PROPERTY BEING SOLD AS TURN KEY let to established tenant who TRADES WELL. COMMERCIAL PROPERTY IN EXCELLENT LOCATION GENERATING A SECURE AN INVESTMENT RETURN WITH GOOD CHANCES OF RENTAL GROWTH AS RENTAL IS LOW. Fundamentals are good bust spot no voids adjacent TSB (trading non closing) and Clydesdale Bank again not closing. IDEAL LONG TERM VAT FREE HOLD. GRADE A TENANT. For the year ending September 2015, Done Brothers Limited reported a turnover of £320,065,000, pre-tax profits of £29,293,000 and a total net worth of £23,115,000 (Source: Experian Group 20/02/2017). SECURE LONG TERM INVESTMENT

Guide Price: £217,500


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now:


You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.










Open Viewings Scheduled:


Internal Open Viewings Explained:

This property will be open for internal viewings at the above dates and times. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:

You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form

Auction Details


  • Auction Date: 02 May 2017
  • Start Time: 7.00pm
  • Auction Location:
  • Glasgow Radisson Hotel
  • 301 Argyle Street, G2 8DL

Directions: View a Map & Directions to the Auction Venue.

Glasgow Radisson
| Edinburgh Marriott

Registration: You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs: All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits: If you are a successful purchaser of a lot then a deposit of 10% will be required. The deposit is accepted by the following methods:

Deposit Method: Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.