9 Burnbank Cross, Hamilton, Lanarkshire, ML3 9HH
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- 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)***
Description
***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
Brochures
9 Burnbank Cross, Hamilton, Lanarkshire, ML3 9HH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hamilton West Station0.6 miles
- Hamilton Central Station1.3 miles
- Blantyre Station1.3 miles
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Notes
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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