Unbroken and fully let retail parade in busy high street location.
£575,000 / 10.14% NIY.
Summary
- A fully let, unbroken parade of six shops with a flat and garden grounds to rear
- Scope for reversion on existing leases
- Seven income streams from a varied mix of local businesses
- WAULT of 6.95 yrs to expiry and 5.10 yrs to break (retail only)
Location
Blantyre is a town of approximately 17,000 people in South Lanarkshire, around 8 miles south-east of Glasgow city centre. Hamilton and East Kilbride are both a few minutes' drive away. The M74 runs along the town's eastern edge, and the A725 dual carriageway links Blantyre to East Kilbride and the wider motorway network. Blantyre railway station has regular trains to Glasgow Central.
High Blantyre sits at the southern end of the town. Main Street is one of its main roads and carries steady local traffic all day. The parade is on the north side of the street, with a long, continuous frontage to the road. The surrounding area is primarily residential, and therefore the shops serve a large local catchment within walking distance. Customers can park free on the street, and there is a public car park across the road.
Get directions from Google Maps
Mainline Stations
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Blantyre19 mins
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Hamilton West36 mins
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Hamilton Central50 mins
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Newton (Lanark)50 mins
Underground Station
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Chesham6099 mins
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Amersham6139 mins
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Chalfont and Latimer6163 mins
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Chorleywood6194 mins
Further Information
Price Offers in excess of £575,000
Description
The retail parade forms a single storey brick built building beneath a slate roof, forming six individual shop units which benefit from good frontage onto Main Street, and parking immediately to the front. Each of the units benefits from external secure roller shutters. The residential flat is accessed from the gable end and forms an impressive 3 bed unit with expansive gardens to the rear.
Further images can found at: https://m.search-prop.com/270-280-main-street-high-blantyre
Terms
The property is let on seven leases as per the appended tenancy schedule. Copies of the leases can be made available to interested parties.
Offers are invited in excess of £575,000 reflecting a NIY of 10.14%.
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