Situated On busy Thoroughfare
Large Site (0.51Ac)
Mixed Commercial & Residential
Fully Let
Anchored By Dignity Funeral Care
Passing £55,600p.a.
V.A.T. Free Investment
Price: o/o £550,000
Location
The property is situated on the east side of London Street on a busy thoroughfare through Larkhall.
Larkhall is situated within the South Lanarkshire district approx 1.4 miles South East of Glasgow City Centre. The town centre is accessible via the M74 motorway along with a variety of public transport links via road and rail to Hamilton, Motherwell, Glasgow and Airdrie. Neighbouring occupiers include Costa Coffee, Greggs, B&M, Boots and Home Bargains.
Property
The property comprises a substantial 2 storey mixed use development with 2 commercial units at ground floor and separately accessed 3 bedroom apartment at first floor.
Lease Summary
The properties are on lease agreements in the following terms;
Funeral Director
Area: 462.34sqm (4,976sq ft)
Held on an F.R.I Lease to Dignity Funerals Ltd expiring 3rd July 2037 passing £34,000p.a. with reviews in 2027 & 3023. Dignity Funerals Limited is one of the UK’s most trusted providers of Funeral Services and Prepaid Funeral Plans. Dignity owns over 800 funeral locations and operates 46 crematoria in the UK
Retail Unit
Area: 123.68sqm (1,331sq ft)
Held on an F.R.I Lease to Queenzy Looks Ltd expiring 27th April 2030 at a passing rent of £15,000p.a. The shop trades as Queenzy African Stores & Beauty Salon
Apartment
The apartment is held on an assured short tenancy agreement from 28th April 2025 at £6,600p.a (£550pcm)
Price
The property is available on a freehold basis for o/o £550,000
V.A.T.
We have been advised the transaction will not attract V.A.T.
E.P.C
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
L.B.T.T. & Registration Dues
Any L.B.T.T. or Registration Dues incurred in the transaction shall be borne by the tenant / purchaser.
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time