A fully let office/healthcare investment generating £XXX per annum from 2 established local companies and an orthodontics practice.
Location
On Hamilton Road, between Douglas Street and Orchard Street, recognised locally as the principal, traditional office location in Motherwell with a variety of surrounding occupiers including The Moorings Hotel, insurance brokers, business centre, guest house, self-catering apartments and housing. Motherwell Cross, the amenities and facilities of the town centre and Motherwell railway station are all within walking distance and principal bus routes operate on Hamilton Road which also offers access to Hamilton and the M74 at Junction 6 for Glasgow, the south and connections to the national motorway system (M73, M8 etc.)
Accommodation
An extended, 2 storey office building in a generous site offering tenants’ parking to front and rear within an enclosed, tarmacadamed yard.
Ground floor – 2075 sqft/ 192.77 sqm; exclusive entrance to completely refitted orthodontist practice; spacious reception and waiting area; central corridor to rear fire escape with office, 4 surgeries, lab, x-ray room, decontamination room, store, staff room, disabled toilet and one other toilet. Rateable Value £XXX reducing to £XXX from April 2023. Energy Rating F. Lease expires October 2031 at a current rental of £XXX per annum.
First floor front – 1020 sqft/94.76 sqm; shared entrance and internal stair, entered off landing; open plan office with 3 private offices partitioned off to the front; kitchen and toilets. Rateable Value £XXX Energy Rating D. Lease expires September 2032 at a current rental of £XXX per annum.
First floor rear – 1143 sqft/106.19 sqm; also off the first floor landing; open plan office and private office/meeting room off; kitchen and toilets. Rateable Value £XXX Energy Rating E. Lease expires March 2032 at a current rental of £XXX per annum.
Terms
A service charge is levied to cover, for example, boiler maintenance, buildings insurance, fire alarm maintenance etc. and this is apportioned by area occupied.
OFFERS OVER £XXX 510,000 (exclusive of VAT) are invited and, in the first instance, all offers should be submitted to Mr Cameron of this office. For the avoidance of doubt, VAT will be payable on the purchase price.
A purchase at this level would show an initial net yield of 8.91% net of costs.
Viewing is STRICTLY by appointment through ourselves as agents.