No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 25 January 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
DETACHED tenanted commercial premises with parking available. Currently tenanted at £750PCM (£9,000 Per Annum) until 30th August 2028* 12% Yield at current guide price. The building has undergone extensive refurbishment internally and also re-roofed. PRICED for auction sale in a popular residential area of Newmains. Ready let Investment - Let to Roofing Company. Long term tenants until August 2028 paying £750PCM (£9,000PA) Ideal purchase for investors looking for a great return. Over 12% Yield if guide achieved. Former Co-op premises with large internal floor space separated into main shop floor with loft space (same footprint), rear storage room and toilet facilities. Close proximity to ASDA and M8 motorway links. Great opportunity for investment and capital growth. The M74 and M8 motorway networks are nearby and provide further national travel links throughout the UK. Wishaw and the surrounding towns of Carluke, Motherwell and Hamilton provide access to a selection of good schools as well as numerous retail and leisure facilities
Auction Details
25 January 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
DETACHED tenanted commercial premises with parking available. Currently tenanted at £750PCM (£9,000 Per Annum) until 30th August 2028* 12% Yield at current guide price. The building has undergone extensive refurbishment internally and also re-roofed. PRICED for auction sale in a popular residential area of Newmains. Ready let Investment - Let to Roofing Company. Long term tenants until August 2028 paying £750PCM (£9,000PA) Ideal purchase for investors looking for a great return. Over 12% Yield if guide achieved. Former Co-op premises with large internal floor space separated into main shop floor with loft space (same footprint), rear storage room and toilet facilities. Close proximity to ASDA and M8 motorway links. Great opportunity for investment and capital growth. The M74 and M8 motorway networks are nearby and provide further national travel links throughout the UK. Wishaw and the surrounding towns of Carluke, Motherwell and Hamilton provide access to a selection of good schools as well as numerous retail and leisure facilities
Auction Details
25 January 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.