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Description

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

**HIGH YIELD COMMERCIAL INVESTMENT**, 3,965 sq ft ground floor & 1st floor AND rear yard. HIGHLY PROMINENT TRADING POSITION PRODUCING - TOTAL RENTAL £5,900pa. 17% YIELD if achieved for Guide Price.

Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Hamilton IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY.

Retail Unit Let to Living Waters Christian Centre on a current passing rent of £2,400 per annum. Yard on a 80 year lease at a passing rent of £3,500 per annum. SURE TO APPEAL TO SHREWD INVESTOR

Located in Hamilton Town Centre on the main commercial thoroughfare of Quarry St, Regent and New Cross Shopping centres nearby. Timpsons, Specsavers and Baynes Bakery in the vicinity.

Hamilton is the administrative centre for the South Lanarkshire Council area, and lies approximately 12 miles south east of Glasgow. The town benefits from excellent road and rail links.

**HIGH YIELD COMMERCIAL INVESTMENT**, 3,965 sq ft ground floor & 1st floor AND rear yard. HIGHLY PROMINENT TRADING POSITION PRODUCING - TOTAL RENTAL £5,900pa. 17% YIELD if achieved for Guide Price. Retail Unit Let to Living Waters Christian Centre on a current passing rent of £2,400 per annum. Yard on a 80 year lease at a passing rent of £3,500 per annum. SURE TO APPEAL TO SHREWD INVESTOR Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Hamilton IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY. 17% YIELD at Guide Price. Located in Hamilton Town Centre on the main commercial thoroughfare of Quarry St, Regent and New Cross Shopping centres nearby. Timpsons, Specsavers and Baynes Bakery in the vicinity.

Hamilton is the administrative centre for the South Lanarkshire Council area, and lies approximately 12 miles south east of Glasgow. The town benefits from excellent road and rail links. The A723 gives immediate access to the M74/M8 and Central Scotland motorway network, linking to Glasgow, Edinburgh and the North of England, and there is a half hourly direct service to Glasgow Central from Hamilton Rail Station, which is an 8 minute walk from the property. The subjects are situated on Quarry Street, a pedestrianised area, in Hamilton Town Centre. Neighbouring occupiers include; Primark, Barrhead Travel, Scotcrest Uniform, and Esme Anne Children's Boutique. Additionally, the Regent Shopping Centre, incorporating an M&S store is located within close proximity to the property, and a new Premier Inn hotel is located within 4 minutes walk. South Lanarkshire Council is designing a masterplan for a multi-million pound regeneration project for the transformation of Hamilton Town Centre to create a new "urban village" with up to 450 new homes.

Full Address: 108-112 Quarry Street, Hamilton, ML3  7AX

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 55
Rent: £5,900 per year / £492 per month
Yield: 20% (approx)
Tenant: Company
Notes: 3,500pa until 2080 South Lanarkshire Council. 2,400 Charity tenant on rolling agreement.

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Pricing Information & Bidding

Opening Bid: £30,000

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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • 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 a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 12 June 2025, 10am-3pm
Type: Timed Online Auction

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