FOR SALE BY ONLINE AUCTION WEDNESDAY 23rd OF APRIL 2025 AT 9AM - ***GREAT OPPORTUNITY TO ACQUIRE A PRIME COMMERCIAL PROPERTY AT 157 CALDER STREET, COATBRIDGE***HIGH YIELDING RENTAL PROPERTY AT 10.6% PER ANNUM (BASED ON GUIDE PRICE)***STRATEGIC LOCATION FOR A VARIETY OF BUSINESS VENTURES***IDEAL INVESTMENT FOR INVESTORS***
***Introducing an exceptional commercial property located at 157 Calder Street, Coatbridge, ML5 4QN. This versatile space offers a prime opportunity for businesses seeking a strategic location in a vibrant community.***
***KEY FEATURES***
*Prime Location* - Situated in the heart of Coatbridge, this property benefits from high foot traffic and excellent visibility, making it ideal for retail, office, or service-based businesses.
*Spacious Interior* - The property boasts a generous floor area, providing ample space to accommodate various business operations and layouts.
*Modern Amenities* - Equipped with up-to-date facilities, ensuring a comfortable and efficient working environment.
*Accessibility* - Easily accessible by public transport and offers convenient parking options nearby, enhancing customer and employee convenience.
***HIGH YIELDING RENTAL PROPERTY*** - Currently operating as a hot food takeaway, the rent is £11,623 per annum which represents a 10.6% annual yield, based on the guide price. Great investment for any potential investors.
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 65 Hedgerow Way, Coatbridge, ML5 4UF - SOLD JAN'25 - £234,995
- 14, Irvine Crescent, Coatbridge, ML5 3QJ - SOLD JAN'25 - £229,500 (3 bedroom)
- 15, Meadow Walk, Coatbridge, ML5 3PP - SOLD JAN'25 - £165,000 ( 2 bedroom)
Coatbridge is a town in North Lanarkshire, Scotland, about 8+1⁄2 miles (14 kilometres) east of Glasgow city centre, set in the central Lowlands. Along with neighbouring town Airdrie, Coatbridge forms the area known as the Monklands (population approximately 90,000 including outlying settlements), often considered to be part of the Greater Glasgow urban area.
Coatbridge is adjacent to the M8 and M73 motorways. The M74 motorway is also a short drive away. The major cities of Edinburgh, Stirling and Glasgow are all within commuting distance. There are six railway stations on the four railway lines that bisect the town: Motherwell-Cumbernauld Line; Argyle Line; Whifflet Line; and North Clyde Line. The six stations within Coatbridge and on these lines are: Blairhill; Coatbridge Central; Coatbridge Sunnyside; Coatdyke; Kirkwood; and Whifflet. Coatbridge has had additional passenger stations, such as Langloan and Calder Station (Greenend); these stations have been closed for many years.
McGill's Buses are responsible for most of the bus services in the town. The buses are all in Go Zone 8 on the McGill's network. The buses link all the major neighbourhoods with the 212 continuing on to Airdrie, Plains and Caldercruix.
Coatbridge College was built as Scotland's first college in the 1860s. As Coatbridge has moved away from the traditional heavy industries the teaching focus has shifted from traditional industry courses towards commerce, care and the arts. After resisting previous mergers, it became a campus of the multi-site New College Lanarkshire in 2014. St Ambrose High School (which opened a new building in 2013), St Andrew's High School (which opened in 2006 following a merger of the defunct Columba H.S. and St Patrick's H.S.) and Coatbridge High School[99] (new building opened in 2008 on the site of St Patrick's previous campus – Coatbridge's old campus is now occupied by Greenhill Primary and Drumpark Primary) are the main secondary schools serving the town.
Coatbridge offers a mix of amenities including:
Leisure and Entertainment:
- The Time Capsule: This popular leisure centre features a waterpark with swimming pools, an ice rink, a fitness centre, and a kids' play zone.
Summerlee Museum of Scottish Industrial Life: Explore Coatbridge's industrial heritage at this museum with a mineshaft tour, period cottages, and interactive exhibits.
- Drumpellier Country Park: Enjoy the outdoors with walking and nature trails.
- Showcase Leisure Park: Catch a movie or enjoy bowling at this leisure park.
- Gala Bingo: A bingo hall with food and drink options.
- Coatbridge Community Centre and Sports Complex: Features multipurpose rooms, a dance studio, a conditioning gym, sports halls, and outdoor pitches.
Shopping and Services:
- Local and High Street Shops: Coatbridge has a range of shops for everyday needs, including supermarkets.
- Faraday Retail Park: A retail park with various stores.
- Coatbridge Library: Part of North Lanarkshire Libraries.
- Coatbridge Library, Registrar office, local council First Stop Shop, Municipal Bank, Dental Services, Community Health Services, and GP practices
GUIDE PRICE: £120,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
GREAT OPPORTUNITY TO ACQUIRE A PRIME COMMERCIAL PROPERTY AT 157 CALDER STREET, GLASGOW
HIGH YIELDING RENTAL PROPERTY AT 10.6% PER ANNUM (BASED ON GUIDE PRICE)
STRATEGIC LOCATION FOR A VARIETY OF BUSINESS VENTURES
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
