FOR SALE BY ONLINE AUCTION THURSDAY 6TH OCTOBER Opportunity to purchase a ground floor vacant shop unit situated on a prominent main street location in Douglas, Lanark. With an estimated rental income of: £4,160 per annum. *** Achieving a yield of 21.8% at guide price ***
*** Superb buy to let opportunity that could achieve an attractive yield of 21.8% at guide price ***
• Opportunity has arisen to purchase a ground floor vacant shop unit on a prominent main street position.
• Lanark town centre has a variety of shops, restaurants and bars and good transport links to Glasgow and Edinburgh.
• Lanark is a town in South Lanarkshire, Scotland, located 20 kilometres to the south-east of Hamilton. The town lies on the River Clyde. Centrally located, Lanark is around 45 minutes by car from Glasgow, Edinburgh and the Scottish Borders
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. All prices quoted are exclusive of VAT.
Attractive yield of 21.8% at guide price
Vacant commercial unit
Prominent main st position
* 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
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.