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

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

*Guide | £45,000+ (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

Retail Unit

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 (Hair Style Harthill Limited Antalya Turkish Barbers) with a lease running until 30th September 2023 with a rental of £6,500 per annum which offers an excellent rental yield of 14.4% at the Guide Price and assures rental income from day one. The approximate floor area extends to approximately 85 sq. metres (918 sq. feet) and comprises a front sales area of approx 19 sq. metres (205 sq. feet), rear storage/kitchen area and beyond to commercial wash 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 September 2023

Current rental of £6,500 per annum

Prominent location on busy main street

Area

105 West Main Street enjoys prominent location on busy main street and 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.