For Sale By Auction | 14:00, 19 September 2019

107, West Main Street, Harthill, North Lanarkshire, ML7 5PU

*Guide | £40,000+ (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 19/09/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Commercial premises

This traditional ground floor retail unit enjoys prominent frontage onto the busy Main Street connecting the M8 motorway to the North Lanarkshire village of Harthill. The property is presented in good condition and is offered with a tenant in situ (New Ink Tattoo Studio) with a lease running until 30th August 2022 and the tenant has established a positive local reputation. The current rental is £6,000 per annum which offers an excellent rental yield of 15% at the Guide Price and assures rental income from day one. The floor area extends to approximately 85 sq. metres (926 sq. feet) and comprises reception/waiting area, tattoo studio, storage area and WC. The current rateable value is published as £4,850. The combination of attractive Guide Price and excellent rental yield is sure to attract strong demand from commercial investors looking to add to their portfolio and early expression of interest is strongly recommended.

Tenure

Freehold

Tenant in situ

Rental return from day one

Live lease running to August 2022

Current rental of £6,000 per annum

Prominent location on busy Main Street

Area

107 West Main Street enjoys prominent location on a busy Main Street with convenient access with Junction 5 of M8 motorway close by. The North Lanarkshire village of Harthill offers local retail and leisure facilities including shops, a supermarket, a bank, a Post Office, a chemist, a choice of pubs and local primary schooling. In addition to motorway access there are train stations nearby in Armadale and Shotts.

Local Authority

North Lanarkshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.