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: Vacant
- AUCTION DATE: 04 May 2023
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 2% of Sale Price (Min £3000 +vat)
*EXTENDED COMPLETION AVAILABLE FOR THIS LOT WITH REDUCED BUYER'S FEE.* POTENTIAL RENTAL INCOME OF OVER £85,000 PER ANNUM FOR BUILDINGS AND CAR PARK COMBINED. Rare auction lot offering massive potential and certain to appeal to a multitude of buyers owing to the various uses available. SOLD WITH FULL VACANT POSSESION. *Loading bay to rear of property* Potential to split the lot to create a number of retail or treatment facilities. Potential for HOT FOOD (subject to planning) with large column free space on ground level with the same space on upper floor and additional space to the rear. Potential site for hospitality with an ideal situation for restaurant or public house. Also potential for large residential development (including the large car park with a residential development nearing completion within 200 yards. Super property for owner occupation or landlord with continued use as mixed use site. Immediate gross annual rental income currently available of £12,250 for 12 spaces rented by local companies with potential of up to £28,500 to be generated from the car park alone if all 28 spaces were rented for the car park in addition to the property. Parking agreements can be terminated at short notice for full vacant possession. *REDUCED RATES* Premises reduced to RV £25,500 (12.699 payable) which could be reduced further by splitting premises into two, three or four users with no rates then payable. Car Park – RV £7,200 (£3,585 payable) which again could be nil if spaces assigned to the three or four users of the premises. SUPER SIZE Ground floor (retail) - 2632 sqft/244.51 sqm First floor offices, showroom - 2620 sqft/243.36 sqm Storage/workshop space - 3079 sqft/286.01 sqm Total - 8,331 sq ft/773.88 sq m or thereby net internal area PRIME INVESTMENT IN EXCELLENT LOCATION.
The property is centrally located in Hamilton town centre and offers fantastic shopping facilities and retail parks with many well known high street retailers all within close proximity. There is an excellent choice of sports and recreational facilities including swimming pool, tennis club, golf courses and gyms. Hamilton has a wide variety of pubs, restaurants and bistros. Excellent public transport with regular bus and trains to the surrounding towns and cities including Glasgow and Edinburgh. For those commuting by car there is the convenience of the M74 motorway with access both north and southbound and access to the East Kilbride expressway Glasgow City Centre and M8 motorway.
Auction Details
04 May 2023, 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.
Get a Fast Sale and a Fair Price with Future Property Auctions. Contact Us now for a FREE Auction Valuation.
Reduced Buyers Fee: 2% of Sale Price (Min £3000 +vat)
*EXTENDED COMPLETION AVAILABLE FOR THIS LOT WITH REDUCED BUYER'S FEE.* POTENTIAL RENTAL INCOME OF OVER £85,000 PER ANNUM FOR BUILDINGS AND CAR PARK COMBINED. Rare auction lot offering massive potential and certain to appeal to a multitude of buyers owing to the various uses available. SOLD WITH FULL VACANT POSSESION. *Loading bay to rear of property* Potential to split the lot to create a number of retail or treatment facilities. Potential for HOT FOOD (subject to planning) with large column free space on ground level with the same space on upper floor and additional space to the rear. Potential site for hospitality with an ideal situation for restaurant or public house. Also potential for large residential development (including the large car park with a residential development nearing completion within 200 yards. Super property for owner occupation or landlord with continued use as mixed use site. Immediate gross annual rental income currently available of £12,250 for 12 spaces rented by local companies with potential of up to £28,500 to be generated from the car park alone if all 28 spaces were rented for the car park in addition to the property. Parking agreements can be terminated at short notice for full vacant possession. *REDUCED RATES* Premises reduced to RV £25,500 (12.699 payable) which could be reduced further by splitting premises into two, three or four users with no rates then payable. Car Park – RV £7,200 (£3,585 payable) which again could be nil if spaces assigned to the three or four users of the premises. SUPER SIZE Ground floor (retail) - 2632 sqft/244.51 sqm First floor offices, showroom - 2620 sqft/243.36 sqm Storage/workshop space - 3079 sqft/286.01 sqm Total - 8,331 sq ft/773.88 sq m or thereby net internal area PRIME INVESTMENT IN EXCELLENT LOCATION.
The property is centrally located in Hamilton town centre and offers fantastic shopping facilities and retail parks with many well known high street retailers all within close proximity. There is an excellent choice of sports and recreational facilities including swimming pool, tennis club, golf courses and gyms. Hamilton has a wide variety of pubs, restaurants and bistros. Excellent public transport with regular bus and trains to the surrounding towns and cities including Glasgow and Edinburgh. For those commuting by car there is the convenience of the M74 motorway with access both north and southbound and access to the East Kilbride expressway Glasgow City Centre and M8 motorway.
Auction Details
04 May 2023, 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.
Get a Fast Sale and a Fair Price with Future Property Auctions. Contact Us now for a FREE Auction Valuation.
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.