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 £13,000pa which, at current Guide Price, would offer an outstanding rental yield in excess of 26%. 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.

Tenure

Freehold

Area

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.

Local Authority

Fife Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.