6 Muir Street, Hamilton, Lanarkshire, ML3
£72.73 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
605 sq ft
56 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops and A2 Financial and Professional Services
A1, A2
Key features
- 1st Floor Salon space fitted out to a very high standard by the current tenant.
- Tenant did not exercise their break in 2023.
- Existing 4 year lease from November 2021.
- Passing rent of 5,400 per annum.
- A purchase at the level of 44,000 reflects a Net Initial Yield (NIY) of 12.06% after purchaser's costs.
- Convenient motorway links are provided with junction 6 of the M74 just 1 mile east.
- Hamilton West Railway Station is a 10-minute walk west whilst regular bus services operate on Almada Street.
Description
Hamilton lies approximately 12 miles south-east of Glasgow City Centre within the South Lanarkshire Local Authority Region.
More specifically the subjects are situated on the west side of Muir Street between its junctions with Montrose Crescent and Almada Street.
Convenient motorway links are provided with Junction 6 of the M74 just 1 mile east.
Hamilton West Railway Station is a 10-minute walk west whilst regular bus services operate on Almada Street.
Nearby occupiers include South Lanarkshire Council HQ, Hamilton Water Palace, Eataliano, CoVault, Leonardo's Italian.
DESCRIPTION:
Self-contained 1st floor salon space fitted out to a very high standard by the current tenant.
Access is via Muir Street where an external rear staircase provides access to the 1st floor.
Internally provides main reception, private treatment room, large open plan room and a single WC.
AREA:
NIA 56.23 sq m / 605 sq ft
TENANCY INFORMATION:
Lashes by Kerry Ltd (SC711580)
4 year from November 2021
Tenant did not exercise their break in 2023.
Passing rent of £5,400 per annum.
RATEABLE VALUE:
£5,400
ENERGY RATING:
Available on request.
PRICE:
Offers over £44,000 are invited for our clients heritable interest with the benefit of existing lease.
A purchase at this level reflects a NIY of 12.06 % after purchaser's costs.
VIEWING:
STRICTLY by appointment via the joint selling agents.
Agency Department Whyte and Barrie Gregor Brown
Brochures
6 Muir Street, Hamilton, Lanarkshire, ML3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hamilton West Station0.4 miles
- Hamilton Central Station0.5 miles
- Chatelherault Station1.8 miles
About Whyte & Barrie Chartered Surveyors, Hamilton
Suites 7 & 8 Waverley House, Caird Park, Hamilton, ML3 0QA
Notes
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