FOR SALE BY ONLINE AUICTION WEDNESDAY 29TH JANUARY 2025 AT 9AM - ***POTENTIAL 13% YIELD BASED ON GUIDE PRICE AND MARKET RENTAL VALUES!***FANTASTIC OPPORTUNITY TO PURCHASE RETAIL INVESTMENT WITH HIGH POTENTIAL YIELD ***LET TO CUTE KIDZ CLOTHING***
***HIGH YIELDING INVESTMENT***The property is currently let to Cute Kidz Clothing. The current rent being paid is £4,586 per annum, but the market rent value is £6,000 thereby producing a potential yield of 13%
***GOOD FOOTFALL*** - The retail unit sits on a busy road, next a couple of local takeaways, a flower shop, a barbers and opposite a popular local pub
***Size of the unit is 27.51 square metres***
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 90 Jermiston Street, New Stevenston, Motherwell, ML1 4JS - 3 bedroom - (SOLD JUN'24) - £250,000
- 383 Merry Street, Motherwell, ML1 4BW - (SOLD OCT'24) - £145,000
- 16 Creston Wynd, Motherwell, ML1 4ZF - (SOLD OCT'24) - £140,000
***New Stevenston is a village situated between Motherwell and Bellshill in North Lanarkshire, Scotland. Most local amenities are shared with the adjacent villages of Carfin, Holytown and Newarthill which have a combined population of around 20,000 across the four localities.***
***The village is served by two primary schools: St. Patrick's Primary School & New Stevenston Primary School which share a joint campus incorporating New Stevenston Library. Formerly the two were on separate sites until the present campus was constructed. Secondary education is provided at the Roman Catholic Taylor High School which is situated in the village and at the nearby non-denominational Brannock High School, Newarthill.***
***New Stevenston is served by Holytown railway station, which is in fact in the village bounds, offering services to all stations towards Glasgow Central and Edinburgh Waverley. This permits connections to all Great Britain railway stations from Wick to Penzance. The village is also accessible by the A723 road, leading to places such as Motherwell and the M8 motorway accessing Glasgow and Edinburgh and linking to the motorway network for easy access to other parts of Scotland.***
GUIDE PRICE: £45,000
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