These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw ***Guide Price of £250,000***
Sure to appeal to shred investors looking for a passive income opportunity. Amazing opportunity to diversify between commercial and residential rental income *** Massive capital growth Potential***
The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an outstanding Yield of 8% - 9% based on the Guide price £250,000.
Commercial unit No.222 currently achieves £4,000 P/A, and Commercial unit No.222/224 currently achieves £6,000. This generates a total income of £10,000 Per annum with the potential to increase over time. ***Fantastic Rental growth potential***
***156, Main Street, Wishaw ML2 7LU sold for £500,000, 86-94, Main Street, Wishaw, Lanarkshire ML2 7LU sold for £300,000***
The rateable value for the unit is £4,800, which would qualify for small business rates relief.
Location
Situated in the bustling town of Wishaw, this property in ML2 7LU offers an excellent opportunity for families, professionals, and commuters alike. Wishaw is a vibrant area with a strong sense of community and a wide range of local amenities, including shops, cafes, schools, and leisure facilities.
The nearby Wishaw General Hospital and multiple parks add to the town’s appeal. For commuters, Wishaw is exceptionally well-connected, with easy access to the M8 and M74 motorways, providing swift routes to Glasgow, Edinburgh, and beyond. Additionally, Wishaw train station offers regular services to Glasgow and other key destinations. Combining convenience, connectivity, and a welcoming community, this location is perfect for those looking to enjoy suburban living with excellent transport links.
Accommodation
Sale Comprises:
Two Commerical units (Main shop front) No.222 (537 sqft) / No.222/224 (596 sqft)
The residential units comprise an entrance Hallway, a Livingroom / Kitchen, a Double bedroom, and a Bathroom. They also benefit from a Rear storage area that could be converted to residential use.
This portfolio also comes with a 2 storey brick building which historically had planning consent for residential flats.
Terms
Guide Price - £250,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- These 2 one-bedroom flats also come with 2 tenanted commercial units in a PRIME location of Wishaw ***Guide Price of £250,000***
- Commercial unit No.222 (537 sqft) currently achieves £4,000 P/A, and Commercial unit No.222/224 (596 sqft) currently achieves £6,000. This generates a total income of £10,000 Per annum with the potential to increase over time. ***Fantastic Rental growth potential***
- The Two, One bedroom flats above could achieve a combined income of £900 - £1,000 (£10,800 - £12,000) Per annum. Including the commercial income of £10,000, this could potentially provide an outstanding Yield of 8% - 9% based on the Guide price £250,000.
- Sure to appeal to shred investors looking for a passive income opportunity. Amazing opportunity to diversify between commercial and residential rental income *** Massive capital growth Potential ***
- ***156, Main Street, Wishaw ML2 7LU sold for £500,000,86-94, Main Street, Wishaw, Lanarkshire ML2 7LU sold for £300,000***