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60 Jerviston Street, Motherwell, Lanarkshire, ML1 4JS

Guide Price
£45,000

£152.03 per sq ft

Business rates & charges may apply

Online Property Auctions Scotland, Online Property Auctions Scotland
SIZE AVAILABLE

296 sq ft

28 sq m

SECTOR

Commercial property for sale

Key features

  • ***POTENTIAL 13% YIELD BASED ON GUIDE PRICE AND MARKET RENTAL VALUES!***
  • ***FANTASTIC OPPORTUNITY TO PURCHASE RETAIL INVESTMENT WITH HIGH POTENTIAL YIELD ***
  • ***LET TO CUTE KIDZ CLOTHING***

Description

FOR SALE BY ONLINE AUCTION WEDNESDAY 29TH JANUARY 2025 AT 9AM - ***POTENTIAL 13% YIELD BASED ON GUIDE PRICE AND MARKET RENTAL VALUES!***FANTASTIC OPPORTUNITY TO PURCHASE RETAIL INVESTMENT WITH HIGH POTENTIAL YIELD ***LET TO CUTE KIDZ CLOTHING***

***HIGH YIELDING INVESTMENT***The property is currently let to Cute Kidz Clothing. The current rent being paid is £4,586 per annum, but the market rent value is £6,000 thereby producing a potential yield of 13%

***GOOD FOOTFALL*** - The retail unit sits on a busy road, next a couple of local takeaways, a flower shop, a barbers and opposite a popular local pub

***Size of the unit is 27.51 square metres***

***RECENT NEARBY RESIDENTIAL PROPERTY SALES***

- 90 Jermiston Street, New Stevenston, Motherwell, ML1 4JS - 3 bedroom - (SOLD JUN'24) - £250,000
- 383 Merry Street, Motherwell, ML1 4BW - (SOLD OCT'24) - £145,000
- 16 Creston Wynd, Motherwell, ML1 4ZF - (SOLD OCT'24) - £140,000

***New Stevenston is a village situated between Motherwell and Bellshill in North Lanarkshire, Scotland. Most local amenities are shared with the adjacent villages of Carfin, Holytown and Newarthill which have a combined population of around 20,000 across the four localities.***

***The village is served by two primary schools: St. Patrick's Primary School & New Stevenston Primary School which share a joint campus incorporating New Stevenston Library. Formerly the two were on separate sites until the present campus was constructed. Secondary education is provided at the Roman Catholic Taylor High School which is situated in the village and at the nearby non-denominational Brannock High School, Newarthill.***

***New Stevenston is served by Holytown railway station, which is in fact in the village bounds, offering services to all stations towards Glasgow Central and Edinburgh Waverley. This permits connections to all Great Britain railway stations from Wick to Penzance. The village is also accessible by the A723 road, leading to places such as Motherwell and the M8 motorway accessing Glasgow and Edinburgh and linking to the motorway network for easy access to other parts of Scotland.***

GUIDE PRICE: £45,000

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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.

Brochures

60 Jerviston Street, Motherwell, Lanarkshire, ML1 4JS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Holytown Station0.2 miles
  • Carfin Station1.0 miles
  • Motherwell Station1.6 miles

About Online Property Auctions Scotland, Online Property Auctions Scotland

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Notes

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Disclaimer - Property reference 275372. 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 Online Property Auctions Scotland, Online Property Auctions Scotland. 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 Online Property Auctions Scotland, Online Property Auctions Scotland on 01409 335799.

*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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