• Commercial Investment property let to ***WILLIAM HILL BOOKMAKERS*** 100% prime national tenant*** Let for £12,500 per annum*** Massive 16.66% Rental Yield***Commercial Investment Opportunity***BRAND NEW 15 YEAR LEASE (2024)***
• ***RARE OPPORTUNITY TO ACQUIRE 100% PRIME PROPERTY*** Popular location within sought after local parade***
• **ESTABLISHED LOCAL PARADE---- Nearby Occupiers include: Ladbrokes, Subway, Boots, Medical centre, Rowlands pharmacy, Convenience store***
• Well Let commercial property investment*** Excellent affordable lot size*** Tenant Been in occupation for many years*** Brand New 15 Year lease to National Tenant***
• The area is a very popular spot with a number of well known national retailers and local independents taking advantage of the local catchment population***
LET Commercial Investment producing an annual income of £12,500 per annum **FULL Details in Legal Pack**
*** High Yield of 16.66% at QUOTED SALE PRICE*** very low price to ensure quick sale*** Commercial Investment Opportunity***BRAND NEW 15 YEAR LEASE (2024)*** Let to William Hill bookmakers at ac rent of £12,500 per annum*** POPULAR LOCAL PARADE OF SHOS with nearby occupiers including but not limited to: Ladbrokes, Boots, Rowlands pharmacy, Subway sandwich shop & Convenience store***Hamilton with a resident population of circa 55,000 is one of the main urban & retail destinations in South Lanarkshire where the greater population is in the region of 300,000 residents. The property being sold is held on a long leasehold title. The ground lease expires in over 75 year time (2100). The freeholder is South Lanarkshire Council. The annual ground rent payable is £1,500 per annum Full details are within the legal pack.*** New owners could look to acquire the freehold interest in the site from the council upon completion of acquisition. This could increase the value of the property substantially for only a nominal amount**** GREAT ASSET MAANAGEMENT POTENTIAL*** HIGH YIELDING OPPORTUNITY LET TO NATIONAL TENANT***
GUIDE PRICE: £75,000
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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.
Commercial Investment property let to ***WILLIAM HILL BOOKMAKERS***
*** Let for £12,500 per annum*** Massive 16.66% Rental Yield***
***BRAND NEW 15 YEAR LEASE (2024)***
* 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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