Prime Property Auctions is excited to present this Excellent Commercial Investment Opportunity within a prime location in Shotts.
The property is located in a fantastic location and benefits from great footfall with amenities close by and a train station.
This versatile space, adaptable for a range of businesses, presents an exceptional opportunity due to its high daily foot traffic and frequent passerby.
Sure to appeal to shrewd investors looking for a ready to let, affordable commercial investment - *** HIGH YIELD POTENTIAL ***
Currently Vacant, This class 4 premises has the potential rental of £400 - £450 PCM , (£4,800 - £5,400 PA) This would provide a gross potential yield of 13.7 -15.4% based on the guide price.
Location
Shotts, a town in North Lanarkshire, Scotland, offers strategic investment opportunities due to its central location, strong transport connections, and potential for growth. Situated between Glasgow and Edinburgh, Shotts benefits from excellent rail links and proximity to the M8 motorway, making it an attractive location for commuters and businesses.The local economy is supported by small businesses, retail, and local services, with opportunities for expansion in housing and commercial development. Recent infrastructure improvements and community-driven projects aim to enhance the town’s appeal and quality of life. With its affordability, connectivity, and untapped potential, Shotts is an appealing choice for investors seeking opportunities in residential or mixed-use development in a well-positioned, accessible location.
Terms
Guide Price - £35,000
Rateable value of £2,200 which qualifies for business rates relief sure to appeal to developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!
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.