22-28 Bannatyne Street Lanark ML11 7JR
£52.03 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
9,956 sq ft
925 sq m
- SECTOR
Mixed use property for sale
Key features
- PRIME NEW LISTING. We are excited to present this Tenanted Commercial unit located within a prime location in Lanark.
- Currently producing £5,750 pcm (£69,000 pa). Business rates to be confirmed with the local assessor, subject to eligibility.
- Fully occupied with long-term leases in place, providing a turnkey, income-producing investment for a shrewd buyer.
- Versatile mixed-use layout with three ground-floor shops plus first-floor accommodation, offering multiple angles for investors.
- A rare chance to acquire a substantial yet affordable Lanark premises with scope to strengthen returns over time.
Description
The property is arranged over two levels and is configured to provide a strong blend of occupier demand and income diversity. The ground floor comprises three individual shop units, currently described as a Co-op, a beauty-related unit, and a further commercial shop, with the benefit of long-term leases in place. On the first floor, there is an upper unit in use as a physiotherapy occupier, again held on a long-term lease, along with a lower first-floor residential element arranged as six bedrooms with two kitchens, adding further depth to the overall offering.
The investment is currently producing £5,750 per month, which is £69,000 per annum, making this a straightforward, income-producing acquisition for a buyer looking to add a performing asset to their portfolio. With multiple units and established occupation, the property offers a compelling risk-spread profile and the kind of "collect and hold" security that many investors actively target.
The property is held on a freehold basis, giving the buyer outright ownership and long-term control over future asset management, refinancing strategy, and potential enhancement works, subject to all necessary consents.
This exceptional property offers a versatile arrangement that would lend itself brilliantly to a variety of commercial and mixed-use strategies. It is sure to appeal to savvy investors seeking a noteworthy space with several income streams and the potential to drive performance through proactive management.
An unmissable opportunity for commercial investors aiming to acquire a large yet affordable premises, with clear potential for future value growth through rental uplift, reconfiguration, or improved operational efficiency, subject to consents and due diligence.
The property is being offered at a fantastic discount to ensure a sale and should appeal to anyone looking for a straightforward purchase with excellent upside potential.
With its sought-after and rarely available location, this property is certain to attract investors eager to secure a foothold in such a desirable area. Opportunities like this, in locales with proven demand, are few and far between. Business rates and any relief will depend on the applicable rateable value assessment and the purchaser's circumstances, subject to eligibility.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website.
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
Lanark is a well-established market town with a busy town centre trading environment that supports a broad mix of independent operators, convenience retail, and local services, helping to underpin steady footfall and passing trade. The area benefits from strong road connections via the M74 corridor, providing efficient links to Glasgow, the central belt, and wider Scotland, while Lanark railway station offers additional connectivity for staff and customers. With consistent local occupier demand for well-positioned commercial space
22-28 Bannatyne Street Lanark ML11 7JR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lanark Station0.1 miles
- Carstairs Station4.3 miles
- Carluke Station4.9 miles
Notes
Disclaimer - Property reference 229032541. 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, 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, Glasgow on 0141 673 3554.
*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.”