Auction House / Scotland

  • For Sale By Unconditional Online Auction
  • Guide Price* : £70,000
  • Auction Ended 23/01/2024
  • Lot 34

114 High Street, Lanark, Lanarkshire, ML11 7ES

For Sale via National Online Auction. Register to Bid!

Location

The bustling market town of Lanark is within South Lanarkshire, and offers a strong historical and cultural heritage. In pleasant location on the banks of the River Clyde, near the Falls of Clyde and the World Heritage Site of New Lanark, Lanark has a rich history dating back to the 12th century, when it was granted a royal charter by King David I. It was also the birthplace of William Wallace, the Scottish patriot and hero of the Wars of Scottish Independence. Lanark has many attractions for visitors, such as the Lanark Museum, the Lanark Loch, the Lanimer Day celebrations, and the nearby Lanark Golf Club.

Description

Commercial Unit
We are delighted to offer to auction this well presented and centrally located commercial unit in the bustling market town of Lanark. Until recently, the current owners were renting the property to a hair salon/beautician business with an attractive rental of £13,000 per annum which, at current Guide Price, would offer an outstanding rental yield in excess of 18%. The current tenants are now retiring, and this property is ready to go as a hair/beauty salon with all existing fixtures and fittings included in the sale. Alternative uses would be possible subject to any permissions or change of use. The property extends to approximately 84 sq. metres (904 sq. feet) over one level, and the currently published Rateable Value of £10,400 means that this property may qualify for rates relief under the Small Business Bonus Scheme. This property would be an ideal addition to an existing commercial rental portfolio, but also offers an ideal opportunity for a new business owner/operator. Early viewing is essential for such an attractive opportunity.

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

A Non-Refundable charge of 3.6% including VAT subject to a minimum fee of £3,600.00 including VAT payable on the fall of the Virtual Gavel.

Disbursements

Please see Legal Pack for any Disbursements.

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* Guide | £70,000
  • Unconditional (Immediate Exchange)

Call the team on 0141 339 4466 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.