71 Main Street, Bothwell, G71 8ER
Size
541
Tenure
Freehold
EPC
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Parking
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Spaces
1
Key features
- CLOSING DATE SET: Tuesday 23rd June at 12 Noon
- Rare opportunity to acquire a freehold investment in a tightly held market
- Prime Main Street position in affluent Bothwell
- Established retail pitch with strong surrounding occupier mix
- Current Passing Rent £13,500 pa
- Let until 31st October 2033
- Offer Over £140,000 are invited
Description
The premises comprises the ground floor of a traditional two-storey sandstone building beneath a pitched tiled roof.
The property benefits from a prominent frontage to Main Street with two large glazed display windows and a glazed entrance door, all protected by external security roller shutters.
Internally, the accommodation provides a well-appointed retail/sales area to the front, with treatment rooms to the rear together with private WC facilities. The property also benefits from access to a shared WC and tea preparation area, with adjoining operator.
Location
71 Main Street occupies a prominent position on Main Street, within one of Bothwell’s prime retailing pitches.
The property forms part of an established parade of predominantly independent occupiers including retail, restaurant and professional uses, serving Bothwell’s affluent local catchment.
Bothwell is one of South Lanarkshire’s most desirable and affluent villages, located approximately 10 miles south-east of Glasgow. The town benefits from excellent connectivity via Junction 5 of the M74 motorway and nearby rail services.
The property lies within the Bothwell Conservation Area, reflecting the historic character and protected built environment of the village centre.
Investment opportunities on Main Street are rare, with strong and consistent demand from local and independent occupiers.
Viewings
All viewings are strictly by appointment only through the sole selling agents, DM Hall, in order to avoid disruption to the tenant’s business operations.
Terms
Offers over £140,000 are invited for our client’s heritable interest, subject to the existing lease in place.
A purchase at this level reflects a Net Initial Yield of 9.5% after deduction of purchaser’s costs.
Lease Terms
The property is let to Lorna MacGibbon trading as Beauty @ 71 Main Street on a 10-year full repairing and insuring lease from 1 November 2023, following a lease extension from the original lease dated 1 November 2003.
The lease is subject to three-yearly upward-only open market rent reviews.
The current passing rent is £13,500 per annum.
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Brochure
71 Main Street, Bothwell, G71 8ER
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Disclaimer - Property reference 374850-1. 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 DM Hall LLP, 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.