3 Main Street, Shotts, ML7 5EE
£16.69 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,097 sq ft
195 sq m
- SECTOR
Mixed use property for sale
Key features
- PRIME NEW LISTING. We are excited to present this vacant commercial unit positioned within a prime central location in Shotts.
- Anticipated rent £500-£600 pcm (£6,000-£7,200 pa), subject to tenancy & due diligence; Rateable Value £8,400 with 100% rates relief, subject to eligibility.
- The property requires full renovation, creating an exciting opportunity for investors or owner-occupiers to add value and tailor the space to their needs.
- Once upgraded, it could suit a range of uses such as a barber shop, tanning salon or retail unit, subject to securing all necessary consents and approvals.
- The unit enjoys strong visibility with passing footfall and traffic, and it is conveniently located around 2 minutes from Shotts Train Station.
Description
- PRIME NEW LISTING. We are excited to present this vacant commercial unit positioned within a prime central location in Shotts.
- Anticipated rent £500-£600 pcm (£6,000-£7,200 pa), subject to tenancy & due diligence; Rateable Value £8,400 with 100% rates relief, subject to eligibility.
- The property requires full renovation, creating an exciting opportunity for investors or owner-occupiers to add value and tailor the space to their needs.
- Once upgraded, it could suit a range of uses such as a barber shop, tanning salon or retail unit, subject to securing all necessary consents and approvals.
- The unit enjoys strong visibility with passing footfall and traffic, and it is conveniently located around 2 minutes from Shotts Train Station.
PRIME NEW LISTING. We are excited to present this vacant commercial unit located within a prime location in Shotts.
The property presents itself as a genuine blank canvas, ready for an investor or developer to bring it back to life and maximise its potential in a prominent town centre position.
Based on current market levels, the unit is anticipated to achieve in the region of £500 to £600 per month, which equates to approximately £6,000 to £7,200 per annum, subject to tenancy and due diligence. With the property offered with vacant possession, this opportunity is well-suited to both buy-to-let investors seeking to secure a new tenant, and owner-occupiers looking for an affordable premises in a convenient and established trading location.
The property is held on a freehold basis, giving the buyer outright ownership and long-term control of the asset.
The property requires full renovation, and it is sure to appeal to shrewd investors looking for a commercial refurbishment project or business owners wanting a well-located unit where they can put their own stamp on the finish and layout.
Once renovated, the property would lend itself to multiple uses such as a barber shop, tanning salon or shop, subject to securing the necessary planning and licensing consents. There is significant scope to add value through improvement works and a well-considered end use.
The property is situated in a prime location, benefiting from notable daily footfall and vehicle traffic, and it is positioned approximately 2 minutes from Shotts train station, supporting accessibility for customers and staff alike.
The property is being offered at a fantastic discount to ensure a sale, and it should appeal to anyone looking for a straightforward purchase with excellent upside potential.
The Rateable Value is £8,400, and it therefore qualifies for 100% business rates relief under the Small Business Bonus Scheme, subject to eligibility.
The floor area is to be confirmed, with further details awaited from the title documentation.
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.
Shotts is a well-connected Lanarkshire town serving a broad local catchment, making it a practical base for independent retailers, personal services and convenience-led operators. The town centre supports steady passing trade from established residential neighbourhoods, with a mix of local shops and everyday amenities that help generate consistent activity throughout the day. Shotts Train Station provides regular rail links, improving accessibility for staff and customers and supporting commuter movement through the area. Road connections to surrounding towns are straightforward, aiding deliveries and regional servicing. For investors and occupiers alike, demand is underpinned by local service-based businesses seeking affordable premises in visible, central positions.
3 Main Street, Shotts, ML7 5EE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shotts Station0.4 miles
- Hartwood Station2.0 miles
- Fauldhouse Station2.8 miles
Notes
Disclaimer - Property reference 228443854. 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.”