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38 Bannatyne Street, Lanark, ML11 7JR

1,043 Sq Ft / Retail / General Retail

For Sale - £80,000.00

To Let - £8,000.00 per annum

Under Offer - Last updated: 18 February 2021

Double fronted retail property of 1043 sq ft/96.92 sq m fronting Bannatyne Street in Lanark town centre.  100m from High Street close to railway station and bus terminus. Retail area, backshop,tea prep, toilet, storage/offices/workshops beyond.  Rental offers over £10,500 per annum.

Location

In a range of ground floor retail and commercial premises on Bannatyne Street, one of Lanark’s main thoroughfares.  Within 100 metres of High Street, the principal shopping area of the town, the railway station and bus terminus are also nearby.  Neighbouring and surrounding occupiers include coffee shop, phone doctor, hairdresser, McColls, First For Convenience, Lloyds TSB, William Hill.  Lanark retains the character of a traditional market town and serves the local population of over 9000 together with the surrounding rural areas whilst also attracting a level of tourists and visitors.

Accommodation

Part of the ground floor of a 3 storey tenement building having retail uses to the ground floor and residential flats above.

2 aluminium framed display windows with matching central recessed door to L shaped retail area with back shop off, 2 steps up to rear projection of tea preparation area, toilet with new sanitary ware and 2 stores/offices/workshops beyond.

AREA: 

96.92 sq m/1043 sq ft or thereby net internal area by our calculations of which approximately 57.13 sq m/615 sq ft is retail area.

RATEABLE VALUE:

£11,300

For qualifying occupiers, 100% rates relief may be available under the Scottish Government’s Small Business Bonus Scheme.  Prospective tenants should confirm the position for themselves.

EPC RATING:  E

 

Terms

A new lease is sought on standard, commercial, full repairing and insuring terms for a negotiable duration.  On this basis RENTAL OFFERS OVER £8,000 per annum are invited exclusive of VAT and local rates.

Alternatively, our client will consider a sale of the property at OFERS OVER £80,000

In the first instance all offers should be submitted to Mr Cameron of this office

VIEWING:

STRICTLY by appointment through ourselves as agents.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers Over For Sale Freehold £80,000.00 NA
Rental Offers Over To Let £8,000.00 per annum

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Agency Team

Whyte & Barrie Commercial

01698 225073



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