Property photos
Auction
Freehold
Guide price
£75,000
Retail premises for sale
9 Burnbank Cross, Hamilton, Lanarkshire ML3Local area information
Property location
Nearby amenities
- Glenlee Primary School 0.3 miles
- St Cuthbert's Primary School 0.4 miles
- Hamilton West 0.6 miles
- Hamilton Central 1.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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)***
Commercial Investment property let to ***william hill bookmakers*** 100% prime national tenant*** Let for £12,500 per annum*** Massive 16.66% Rental Yield***Commercial Investment Opportunity***brand new 15 year lease (2024)***
***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
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.
***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
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.
More information
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Online Property Auctions Scotland
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