Guide price
£242,000Property for sale
Windmillhill Street, Motherwell ML1
Auction
Reduced
Property
Features and description
- Status: Available
- Type: Portfolio
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 28 November 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 1% of Sale Price (Min £3250 +vat)
The properties are held on full repairing and insuring head leases on the following terms; 147 Windmillhill Street Tenant: Wonderland Tattoos Limited Area: c. 600sq ft RV: 8,100 Passing Rent: £12,500p.a. Expiry: 2nd December 2028 Rent Increase: December 2026 - £13,500p.a. 149 Windmillhill Street Tenant: Rodbar Ltd Area: 600sq ft Rent: £10,500p.a. Rent Increase: 1st Feb 2026 £12,500p.a Expiry: 31st Jan 2030 Rent Review: February 2028 RV: £8,100 Use: Convenience Store 151 Windmillhill Street Tenant: Leggate Foods Ltd - t/a Derby Snap Area: 600sq ft RV: £8,000 Passing Rent: £11,000p.a. Expiry: 1st August 2024 (Tenant keen to extend) Use: Sandwich Shop 153 Windmillhill Street Tenant: Personal Name Area: 550sq ft RV: £7,400 Passing Rent: £10,000p.a. Expiry: 31st July 2028 Use: Vape Shop Current passing rent is £44,000p.a. with an E.R.V. of £65,000p.a.
Auction Details
28 November 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Reduced Buyers Fee: 1% of Sale Price (Min £3250 +vat)
The properties are held on full repairing and insuring head leases on the following terms; 147 Windmillhill Street Tenant: Wonderland Tattoos Limited Area: c. 600sq ft RV: 8,100 Passing Rent: £12,500p.a. Expiry: 2nd December 2028 Rent Increase: December 2026 - £13,500p.a. 149 Windmillhill Street Tenant: Rodbar Ltd Area: 600sq ft Rent: £10,500p.a. Rent Increase: 1st Feb 2026 £12,500p.a Expiry: 31st Jan 2030 Rent Review: February 2028 RV: £8,100 Use: Convenience Store 151 Windmillhill Street Tenant: Leggate Foods Ltd - t/a Derby Snap Area: 600sq ft RV: £8,000 Passing Rent: £11,000p.a. Expiry: 1st August 2024 (Tenant keen to extend) Use: Sandwich Shop 153 Windmillhill Street Tenant: Personal Name Area: 550sq ft RV: £7,400 Passing Rent: £10,000p.a. Expiry: 31st July 2028 Use: Vape Shop Current passing rent is £44,000p.a. with an E.R.V. of £65,000p.a.
Auction Details
28 November 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
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We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.