Motherwell town centre investment. Currently generating £1,500 per month (£18,000 per annum), with three years of short-term let trading and seller-reported historic takings of £23,000 to £30,000 per year (through AirBNB and Booking.com).
Two-Bedroom town centre property with Established Short-Term Let Income operating as commercial property.
Three years of trading, repeat bookings and seller-reported annual takings of £23,000 - £30,000 per year.
This two-bedroom Motherwell town centre property is offered for sale by auction with an established self-catering business.
The property is currently occupied by a long-term occupant paying £1,500 per month- the property can be offered vacant but the current occupant has indicated a willingness and desire to stay in the property long-term.
Currently assessed for business rates rather than council tax. The property's rateable value is below the threshold for full Small Business Bonus Scheme relief, so an eligible purchaser could benefit from £0 business rates under the current use. Purchasers should confirm their eligibility and the property's rating position with North Lanarkshire Council, particularly if they intend to continue the existing longer-term letting arrangement.
The seller reports bookings throughout the year, including repeat extended stays from a guest who works for a local business. The flat accommodates up to five guests, with bookings ranging from three to 28 nights, making it a practical base for both short visits and longer work stays.
Extending to approximately 79 sqm, the flat comprises two bedrooms, a reception room, a kitchen and a bathroom. It comes with a free parking, making it convenient for residents and guests arriving by car.
Shops, bars, restaurants, transport links and local amenities and public transport links are all within easy reach.
The flat gives buyers several options. They could continue the short-term let business, let it on a longer-term basis or make it their own home, subject to any applicable requirements.
We can confirm North Lanarkshire Council approval is in place for the current short-term let use. Buyers should review the approval and its conditions, confirm the licensing requirements following a change of ownership and check the reported takings against the trading records.
Perfect location in Motherwell town centre, the flat is within easy reach of Brandon Parade shopping centre, cafes, restaurants and the railway station. Direct trains to Glasgow Central and Edinburgh Waverley make it a practical base for commuters and visitors, while nearby access to the M74 and free parking add convenience for guests travelling by car. The combination of town centre amenities, rail links and parking gives the property broad appeal for both short visits and extended work stays.
For sale by auction with Braveheart Auctions. Get in touch for more information about the property and its trading history, or to discuss a pre-auction offer. Braveheart Auctions hold land and property auctions every two weeks.
This lot will be offered for sale under Braveheart Auctions' terms and conditions.
Speak to our team for more information or to discuss a pre-auction offer.
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