FOR SALE BY ONLINE AUCTION WEDNESDAY 29TH JANUARY 2025 AT 9AM - ***FANTASTIC OPPORTUNITY TO PURCHASE A HIGH YIELDING RETAIL INVESTMENT!***INVESTMENT LET AT £19,425 PER ANNUM***12.95% YIELD BASED ON GUIDE PRICE***LET TO YOUR MOVE ESTATE AGENCY***
***HIGH YIELDING INVESTMENT***The property is currently tenanted and is let to YourMove Estate Agents who are long term tenants. The lease on the property expires on 07/01/2027 and paying £19,425 per annum (rent of £18,500 per annum, Landlord Management Fee of £925 per annum, so total rent £19,425 per annum).
***SPACIOUS*** Size of approximately 113 metres squared (1216.86 Sq Ft) .
***ESTABLISHED PRIME LOCATION*** - Forming part of a busy and established shopping parade, the property consists of a ground floor lock up shop based within a mid terrace building.
***REPUTABLE NEIGHBOURING BUSINESSES***The area is popular with estate agents, with nearby occupiers such as Countrywide, Slater Hogg & Howieson, Allen & Harris and Let's Let.
***VAT free investment***
***completion date negotiable***
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 41, The Paddock, Hamilton, ML3 0RF - 2 bedroom (SOLD OCT'24) - £250,000
- 1 Cypress Court, Hamilton, ML3 7LU - 3 bedroom (SOLD OCT'24) - £185,000
- 28 Burnhouse Road, Hamilton, ML3 8HQ - 4 bedroom (SOLD OCT'24) - £168,000
***Hamilton is a large town in South Lanarkshire, Scotland and serves as the main administrative centre of the council area. It sits approximately 9 miles south-east of Glasgow, 37 miles southwest of Edinburgh and can be accessed from Junction 6 of the M74 motorway.***Hamilton Central Station is close by also***
GUIDE PRICE: £150,000
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.
***FANTASTIC OPPORTUNITY TO PURCHASE A HIGH YIELDING RETAIL INVESTMENT***
***LET TO YOUR MOVE ESTATE AGENCY***
***INVESTMENT LET AT £19,425 PER ANNUM***12.95% YIELD BASED ON GUIDE PRICE***
* 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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