Greatly positioned retail unit set on busy Lanark High Street. Rental potential of £9,000 per annum giving an excellent 12-13% Yield at Guide Price of £70,000.
Property comprises: open plan service area to the front and staff/wc facilities to the rear.
The property would lend itself to a variety of uses, such as office, shop unit, café or more. There could be potential to run as a hot food takeaway (subject to researching and gaining the necessary consents).
Location
Lanark High Street is a bustling commercial district located in the heart of Lanark, a historic market town in South Lanarkshire, Scotland. The street stretches from the intersection of Wellgate and Bannatyne Street to the Lanark Cross, which is the town's central square.
The High Street is lined with a diverse array of shops, cafes, restaurants, and pubs, many of which are housed in historic buildings dating back several centuries. The architecture of the street is a mix of styles, including Georgian, Victorian, and Art Deco, giving it a unique and charming character.
Accommodation
Approximately 430 sq ft (40 sq m)
Terms
Guide Price - £70,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Greatly positioned retail unit set on busy Lanark High Street. Rental potential of £9,000 per annum giving an excellent 12-13% Yield at Guide Price of £70,000.
- Sure to appeal to a variety of buyers. Would suit an owner occupier looking for an excellent premise or a commercial landlord looking for an easily lettable investment.
- Large premises that extends to approximately 40 meters squared and has a rateable value of £6,300 which fall into the small business rates relief.
- Property comprises: open plan service area to the front and staff/wc facilities to the rear.
- Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment. Potential for hot food establishment, subject to necessary planning permission and approval.