16 Quarry Street, Hamilton, Lanarkshire, ML3 7AR
£80.06 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
687 sq ft
64 sq m
- SECTOR
Commercial property for sale
Key features
- *** Total Income: £8268 per annum ***
- *** Massive 15% Rental Yield ***
- *** Commercial Investment Opportunity ***
Description
***Total Income: £8268 per annum*** Massive 15 % Plus Rental Yield***Commercial Investment Opportunity*** Trading as a well-established Vape Shop*** Central location Opposite Greggs and in Prime Hamilton Position***Plethora of local & national occupiers nearby***
Great opportunity to acquire a high yielding low cost commercial property*** Popular location with high footfall*** One of the most prominent pitches in Hamilton*** Current Lease until October 2029*** ALL RENT UP TO DATE ***
***RENT INCREASE AGREED TO £9260 in MAY 2025*** MASSIVE YIELD INCREASE!***
***RECENT NEARBY RESIDENTIAL SALES***
- 1 Cypress Court, Hamilton, ML3 7LU - 3 bedroom (SOLD Oct'24) - £185,000
- 116 Mill Road, Hamilton, ML3 8JA - 3 bedroom (SOLD Oct'24) - £140,000
- 110, Brankholm Brae, Hamilton, ML3 9QR - 2 bedroom (SOLD Oct'24) - £110,000
Low cost & well let commercial property investment producing total income of £8268 per annum *** Great opportunity and likely to sell quickly***
***Circa 10 Miles South East of Glasgow City Centre (20 Min Drive)*** Close to M8 & M74 motorway links *** Hamilton is the administrative centre for South Lanarkshire***
LET Commercial Investment producing an annual income of £8268 per annum)***SECURE INCOME UNTIL MARCH 2029***High Yield of 15% plus at QUOTED SALE PRICE*** very low price to ensure quick sale***Nearby Units are occupied by a mixture of national and local trading businesses ** Great passing footfall and fantastic prominent frontage***Hamilton is the ADMINISTRATIVE CENTRE for South Lanarkshire*** Resident population of circa 55,000 people.*** NEW HAMILTON TOWN CENTRE MASTERPLAN*** Is out for consideration***Plans to Redevelop Part of Town Centre to create circa 450 New Homes*** All within close proximity of this property*** GREAT YIELD AND LONG TERM INVESTMENT*** Hamilton also favours commuters to both Edinburgh and Glasgow, with good transport links including local train station and road networks, with the M74 and M8 nearby. 20 minutes drive from Glasgow city centre *** Sure to be of interest to local & professional property investors*** Seldom available great property***
GUIDE PRICE: £55,000
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Brochures
16 Quarry Street, Hamilton, Lanarkshire, ML3 7AR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hamilton Central Station0.2 miles
- Hamilton West Station0.8 miles
- Chatelherault Station1.4 miles
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*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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