We are excited to present this tenanted commercial property located within a prime position in Lanark, offering an excellent multi-let opportunity for an investor seeking immediate income from day one.
The property is held on a freehold basis, giving the buyer outright ownership and long-term control over future asset management, refinancing strategy, and potential enhancement works, subject to all necessary consents.
This exceptional property offers a versatile arrangement that would lend itself brilliantly to a variety of commercial and mixed-use strategies. It is sure to appeal to savvy investors seeking a noteworthy space with several income streams and the potential to drive performance through proactive management.
An unmissable opportunity for commercial investors aiming to acquire a large yet affordable premises, with clear potential for future value growth through rental uplift, reconfiguration, or improved operational efficiency, subject to consents and due diligence.
Location
Lanark is a well-established market town with a busy town centre trading environment that supports a broad mix of independent operators, convenience retail, and local services, helping to underpin steady footfall and passing trade. The area benefits from strong road connections via the M74 corridor, providing efficient links to Glasgow, the central belt, and wider Scotland, while Lanark railway station offers additional connectivity for staff and customers. With consistent local occupier demand for well-positioned commercial space.
Accommodation
The property is arranged over two levels and is configured to provide a strong blend of occupier demand and income diversity. The ground floor comprises three individual shop units, currently described as a Co-op, a beauty-related unit, and a further commercial shop, with the benefit of long-term leases in place. On the first floor, there is an upper unit in use as a physiotherapy occupier, again held on a long-term lease, along with a lower first-floor residential element arranged as six bedrooms with two kitchens, adding further depth to the overall offering.
Terms
Guide Price: £518,000
The investment is currently producing £5,750 per month, which is £69,000 per annum, making this a straightforward, income-producing acquisition for a buyer looking to add a performing asset to their portfolio. With multiple units and established occupation, the property offers a compelling risk-spread profile and the kind of “collect and hold” security that many investors actively target.
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.