220 – 224 Main Street, Wishaw, ML2 7LU
- PROPERTY TYPE
Retail Property (out of town)
- SIZE
1,133 sq ft
105 sq m
Key features
- We are excited to present this Investment Opportunity. These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw **RARE DEVELOPMENT OPPORTUNITY***
- Commercial unit No.222 (537 sqft) currently achieves £4,000 P/A, and Commercial unit No.222/224 (596 sqft) currently achieves £6,000. This generates a total income of £10,000 Per annum with the po
- The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an out
- This high-potential mixed-use portfolio has fantastic development potential. With an estimated GDV of £500,000 - £550,000. The two one-bedroom flats total £126,000, the commercial units at £120,0
- Sure to appeal to shred investors looking for a passive income opportunity. Amazing opportunity to diversify between commercial and residential rental income *** Massive capital growth Potential***
Description
- We are excited to present this Investment Opportunity. These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw **RARE DEVELOPMENT OPPORTUNITY***
- Commercial unit No.222 (537 sqft) currently achieves £4,000 P/A, and Commercial unit No.222/224 (596 sqft) currently achieves £6,000. This generates a total income of £10,000 Per annum with the potential to increase over time. ***Fantastic Rental growth potential***
- The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an outstanding Yield of 8% - 9% based on the Guide price.
- This high-potential mixed-use portfolio has fantastic development potential. With an estimated GDV of £500,000 - £550,000. The two one-bedroom flats total £126,000, the commercial units at £120,000, currently generating an annual rental income of £10,000. Additionally, the approved plans for further development present a lucrative uplift opportunity, significantly enhancing the overall asset value.
- Sure to appeal to shred investors looking for a passive income opportunity. Amazing opportunity to diversify between commercial and residential rental income *** Massive capital growth Potential***
We are excited to present this Investment Opportunity. These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw ***Guide Price of £250,000***
The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an outstanding Yield of 8% - 9% based on the Guide price.
Commercial unit No.222 currently achieves £4,000 P/A, and Commercial unit No.222/224 currently achieves £6,000. This generates a total income of £10,000 Per annum with the potential to increase over time. ***Fantastic Rental growth potential***
This high-potential mixed-use portfolio has fantastic development potential. With an estimated GDV of £500,000 - £550,000. The two one-bedroom flats total £126,000, the commercial units at £120,000, currently generating an annual rental income of £10,000. Additionally, the approved plans for further development present a lucrative uplift opportunity, significantly enhancing the overall asset value.
Local Sales
***156, Main Street, Wishaw ML2 7LU sold for £500,000, 86-94, Main Street, Wishaw, Lanarkshire ML2 7LU sold for £300,000***
The rateable value for the unit is £4,800, which would qualify for small business rates relief.
Sale Comprises:
Two Commerical units (Main shop front) No.222 (537 sqft) / No.222/224 (596 sqft)
The residential units comprise an entrance Hallway, a living room / Kitchen, a Double bedroom, and a Bathroom. They also benefit from a Rear storage area that could be converted to residential use.
This portfolio also comes with a 2 storey brick building which historically had planning consent for residential flats.
***PRICED TO ENSURE A QUICK AUCTION SALE***
All planning enquiries must be made to the relevant local council
Sure to appeal to shrewd investors rare project with the potential for massive rental growth upside. (subject to gaining necessary Planning & Information)
Sure to appeal to shrewd investors looking for a great high-yielding opportunity with great development potential.
The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.
This lot is open to immediate offers. Swing that there is strong demand.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Situated in the bustling town of Wishaw, this property in ML2 7LU offers an excellent opportunity for families, professionals, and commuters alike. Wishaw is a vibrant area with a strong sense of community and a wide range of local amenities, including shops, cafes, schools, and leisure facilities.
The nearby Wishaw General Hospital and multiple parks add to the town's appeal. For commuters, Wishaw is exceptionally well-connected, with easy access to the M8 and M74 motorways, providing swift routes to Glasgow, Edinburgh, and beyond. Additionally, Wishaw train station offers regular services to Glasgow and other key destinations. Combining convenience, connectivity, and a welcoming community, this location is perfect for those looking to enjoy suburban living with excellent transport links.
220 – 224 Main Street, Wishaw, ML2 7LU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wishaw Station0.3 miles
- Shieldmuir Station1.3 miles
- Clelend Station2.1 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
Disclaimer - Property reference 213109315. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*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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