* Freehold
* Prime Property Auctions New Entry. Fantastic High Yielding Commercial Investment located on a busy thoroughfare of Hamilton. Current Gross rent of £29, 000
* The lot consist of 2 hot food takeaways. Unit 21A is let at £15, 000 and Unit 21B is let at £14, 00 per annum.
* Benefits include immediate cashflowing investments from day one, Personal guarantee on lease and car park to the rear.
* Property has Guide price of £275, 000. Properties would provide a gross yield of 10. 5% if achieved for Guide Price.
* Sure to appeal to investor looking for ready let investments in sought after locale. Combined rental income of £29, 000 per annum. *** fantastic investment ***
* Prime Property Auctions New Entry. Fantastic High Yielding Commercial Investment located on a busy thoroughfare of Hamilton. Current Gross rent of £29, 000.
* The lot consist of 2 hot food takeaways. Unit 21A is let at £15, 000 and Unit 21B is let at £14, 00 per annum.
* Benefits include immediate cashflowing investments from day one, Personal guarantee on lease and car park to the rear.
* Property has Guide price of £275, 000. Properties would provide a gross yield of 10. 5% if achieved for Guide Price.
* Sure to appeal to investor looking for ready let investments in sought after locale. Combined rental income of £29, 000 per annum. *** fantastic investment ***
Prime Property Auctions New Entry. Fantastic High Yield Investment located on
a busy thoroughfare of Hamilton. Current Gross rent of £29, 000.
*** fantastic investment ***
Property has Guide price of £275, 000. Properties would provide a gross yield
of 10. 5% if achieved for Guide Price.
The subjects comprise two adjacent ground floor hot food takeaway units within
a 2 storey building of masonry construction. The roof is pitched and appears
to be clad in slate tiles. There are offices on the upper floors. There is
access to the rear for loading purposes. Unit 21a has a single allotted
parking space and Unit 21b has two. Both shops have aluminium glazed frontages
under nonilluminated fascia boards and are accessed via single pedestrian
doors. Unit 21a is currently undergoing a full renovation for conversion into
a pizza franchise. Unit 21b is an established contemporary sushi bar. The
floor is covered in commercial vinyl and the walls are a mix of plaster/paint
and splashbacks. The ceiling is of suspended grid incorporating LED box
lighting. The kitchen and welfare facilities are provided to the rear of the
shop
Rateable Value is stated as: Unit 21a - £11, 200 effective from 1st April 2023.
Unit 21b - £11, 900 effective from 1st April 2023.
21a extends to 1, 006 sq ft (93. 46sqm)
21b Sales, extends to 1, 048 sq ft (97. 32sqm)
Unit 21a is let on a 10 year lease that commenced 06/09/22 and expires
05/09/32. The passing rent is £15, 000 per annum. The lease is subject to a
break option and upwards only rent review on 06/09/27. A Personal Guarantee
has been provided over the lease. Unit 21b is let on a 10 year lease that
commenced 05/05/21 and expires 04/05/31. The passing rent is £14, 000 per
annum. The lease is subject to a break option and upward only rent review on
05/05/26.
The properties have been elected for VAT, and therefore VAT, will be payable
on the purchase price. It is anticipated that the transaction will be treated
as a Transfer of Going Concern (togc).
Property has a Guide price of £275, 000 and is sure to appeal to investors
looking Turn Key Investment properties with great tenants.
High yielding investment property.
This lot is open to immediate offers. Should you wish to offer now, you can do
so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
Location:
Location 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 south - west of Edinburgh and can be
accessed from Junction 6 of the M74 motorway. The property is located on the
east side of Gateside Street (A723), close to its junction with Woodside Walk
and situated approximately 300 metres south of the pedestrianised section of
Quarry Street, the town's main shopping street in a mixed commercial and
residential area. Gateside Street (A723) carries a high traffic volume at most
times of day with shops occupied by an interesting mix of national and local
traders. Hamilton Central Train Station takes less than a 5 minutes walk to
reach.

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