The subjects comprise a ground floor retail unit and a 1 bedroom flat within a 2 storey building of masonry construction
Summary
- Located within The Village
- 10 year FRI lease
- Minimum 10% rental uplifts
- VAT free investment
- Income of £14,400 pa
- Offers over £140,000
Accommodation
The accommodation comprises the following areas:
| Name | Description | sq ft | sq m |
| Ground - Shop | Shop | 380 | 35.30 |
| 1st - 1 bed flat | 1 bed flat | 571 | 53.05 |
| Total | 951 | 88.35 |
Location
Cumbernauld is a town in North Lanarkshire, Scotland. It is the tenth most-populous locality in Scotland and the most populated town in North Lanarkshire, positioned in the centre of Scotland's Central Belt.
The subjects are located on the south side of Main Street, close to its junction with The Wynd, in The Village. Surrounding properties are of mixed design, vintage and character. Greenfaulds Train Station takes 5 minutes to drive. Nearby occupiers include Village Pharmacy, The Spur and The Village Post Office.
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Mainline Stations
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Cumbernauld27 mins
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Greenfaulds39 mins
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Croy47 mins
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Caldercruix118 mins
Underground Station
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Chesham6265 mins
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Amersham6305 mins
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Chalfont and Latimer6328 mins
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Chorleywood6359 mins
Further Information
Price Offers in excess of £140,000 Offers over £140,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold). Based on a combined rental income of £14,400 per annum, a purchase at this level would reflect a gross initial yield of 10.3%. The flat has a Home Report of £55,000 with the benefit of vacant possession.
Rates Payable £3,486 per annum
Description
The subjects comprise a ground floor retail unit and a 1 bedroom flat within a 2 storey building of masonry construction which sits under a pitched slate roof.
11 Main Street - The shop has a timber glazed frontage under a non-illuminated fascia board and is accessed via a single pedestrian door which leads into the sales area. The floor is covered in laminate and the walls are of plaster/paint. The plaster/paint ceiling incorporates LED spot lighting. A store, kitchenette and WC are provided to the rear of the shop.
13 Main Street - The flat is accessed from the ground floor where there is an entrance vestibule and stairs to the first floor. On the first floor the accommodation extends to a hall, living room open to kitchen, bedroom and bathroom with WC.
Tenancy
11 Main Street - The property is let on a 10 year FRI lease that commenced in November 2025 at a rent of £7,800 per annum. The rent is subject to an upward only open market reviews, with a minimum 10% uplift in rent, on the 5th anniversary. There are no lease break options.
13 Main Street - The flat has recently been let at a rent of £6,600 per annum.
Tenure
Heritable Interest (Scottish equivalent of English Freehold).
Price
Offers over £140,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold). Based on a combined rental income of £14,400 per annum, a purchase at this level would reflect a gross initial yield of 10.3%. The flat has a Home Report of £55,000 with the benefit of vacant possession.
Rateable Value
According to the Scottish Assessors Association, 11 Main Street has a Rateable Value of £7,000.
EPC
A copy of the EPC is available upon request.
VAT
For the avoidance of doubt, all figures and prices are quoted exclusive of VAT.
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