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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

PRIME INVESTMENT OPPORTUNITY*** SUBSTANTIAL sized commercial unit Let to SPECSAVERS located within the TOWN CENTRE of Wishaw. IMMEDIATE RENTAL INCOME OF £16,000 PER ANNUM***

PERFECT INVESTMENT PROPERTY*** Let to Specsavers Optical Superstores Limited on FRI LEASE until 25th November 2027 at £16,000 Per Annum.

HIGH VOLUMES OF PASSING TRADE*** Ground floor commercial unit extends to approx. 1,075sq.ft (99.87 sqm). SUPER SIZE AND LOCATION***

EXCELLENT TRADING LOCATION*** Nearby occupiers include Iceland, Poundland, Bank of Scotland, Costa Coffee, Subway, Morrisons, Lidl and Tesco Extra.

Wishaw is a popular commuter town with good transport links and road networks with easy access to both the M8 and M74 road networks giving good access to Central Scotland and beyond.

PRIME INVESTMENT OPPORTUNITY*** SUBSTANTIAL sized commercial unit Let to SPECSAVERS located within the TOWN CENTRE of Wishaw. IMMEDIATE RENTAL INCOME OF £16,000 PER ANNUM*** PERFECT INVESTMENT PROPERTY*** Let to Specsavers Optical Superstores Limited on FRI LEASE until 25th November 2027 at £16,000 Per Annum. HIGH VOLUMES OF PASSING TRADE*** Ground floor commercial unit extends to approx. 1,075sq.ft (99.87 sqm). SUPER SIZE AND LOCATION*** EXCELLENT TRADING LOCATION*** Nearby occupiers include Iceland, Poundland, Bank of Scotland, Costa Coffee, Subway, Morrisons, Lidl and Tesco Extra. Wishaw is a popular commuter town with good transport links and road networks with easy access to both the M8 and M74 road networks giving good access to Central Scotland and beyond.

Wishaw is a popular commuter town with good transport links and road networks with easy access to both the M8 and M74 road networks giving good access to Central Scotland and beyond.

Full Address: 40-42 Main Street, Specsavers Investment, Wishaw, ML2 7AF

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until November 2027
Rent: £16,000 per year / £1,333 per month
Yield: 12% (approx)
Tenant: Company
Notes: have been in occupation since 26th November 2007.

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Pricing Information & Bidding

Opening Bid: £136,000

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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 = £159,000

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Auction Details

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

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