Bannatyne Street, Lanark ML11

Property Details: - Type: Mixed use - Bedrooms: 0 - Bathrooms: 0

Agent: Prime Property Auctions - Glasgow Phone: 0141 376 8640

PRIME NEW LISTING. We are excited to present this tenanted commercial unit located within a prime location in Lanark, offering an excellent multi-let opportunity for an investor seeking immediate income from day one. <br/> <br/> <br/> <br/>The property is arranged over two levels and is configured to provide a strong blend of occupier demand and income diversity. The ground floor comprises three individual shop units, currently described as a Co-op, a beauty-related unit, and a further commercial shop, with the benefit of long-term leases in place. On the first floor, there is an upper unit in use as a physiotherapy occupier, again held on a long-term lease, along with a lower first-floor residential element arranged as six bedrooms with two kitchens, adding further depth to the overall offering. <br/> <br/> <br/> <br/>The investment is currently producing £5,750 per month, which is £69,000 per annum, making this a straightforward, income-producing acquisition for a buyer looking to add a performing asset to their portfolio. With multiple units and established occupation, the property offers a compelling risk-spread profile and the kind of "collect and hold" security that many investors actively target. <br/> <br/> <br/> <br/>The property is held on a freehold basis, giving the buyer outright ownership and long-term control over future asset management, refinancing strategy, and potential enhancement works, subject to all necessary consents. <br/> <br/> <br/> <br/>This exceptional property offers a versatile arrangement that would lend itself brilliantly to a variety of commercial and mixed-use strategies. It is sure to appeal to savvy investors seeking a noteworthy space with several income streams and the potential to drive performance through proactive management. <br/> <br/> <br/> <br/>An unmissable opportunity for commercial investors aiming to acquire a large yet affordable premises, with clear potential for future value growth through rental uplift, reconfiguration, or improved operational efficiency, subject to consents and due diligence. <br/> <br/> <br/> <br/>The property is being offered at a fantastic discount to ensure a sale and should appeal to anyone looking for a straightforward purchase with excellent upside potential. <br/> <br/> <br/> <br/>With its sought-after and rarely available location, this property is certain to attract investors eager to secure a foothold in such a desirable area. Opportunities like this, in locales with proven demand, are few and far between. Business rates and any relief will depend on the applicable rateable value assessment and the purchaser's circumstances, subject to eligibility. <br/> <br/> <br/> <br/>This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website. <br/> <br/> <br/> <br/>This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. <br/> <br/> <br/> <br/>For further details on how to have a bidding account created, please contact the team. <br/> <br/> <br/> <br/>Location <br/> <br/> <br/> <br/>Lanark is a well-established market town with a busy town centre trading environment that supports a broad mix of independent operators, convenience retail, and local services, helping to underpin steady footfall and passing trade. The area benefits from strong road connections via the M74 corridor, providing efficient links to Glasgow, the central belt, and wider Scotland, while Lanark railway station offers additional connectivity for staff and customers. With consistent local occupier demand for well-positioned commercial space