Log In/Sign Up
Your email has been sent.
25 High St 594 SF Retail Condo Unit Offered at $149,009 CAD in Carluke ML8 4AL
Investment Highlights
- Situated in high population area
- Close to Carluke Railway Station, which provides frequent services
- Large glazed shop frontage with roller shutter protection
- Strong transport links via the nearby M74
- Occupies a prominent street position
- Consistent passive income from existing tenant
Executive Summary
The subjects are located in Carluke, a town which forms part of South Lanarkshire council district, approximately 23 miles southeast of Glasgow.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 8.84% |
| Sale Type | Investment |
| Cap Rate | 8.84% |
| Tenure | Freehold |
Description
The subject property comprises of the ground floor retail unit contained within a larger two-storey tenement building with an attic.
The property benefits from a large glazed shop frontage and can be accessed via a dedicated pedestrian entrance off High Street and is protected by way of roller shutter.
Internally, the subjects incorporates the current tenant's fit-out as an optician. Upon entrance, the property leads to an open plan sales area to the front, followed by a consultation room, W/C facilities, and a kitchen/tea prep area to the rear.
The property benefits from a large glazed shop frontage and can be accessed via a dedicated pedestrian entrance off High Street and is protected by way of roller shutter.
Internally, the subjects incorporates the current tenant's fit-out as an optician. Upon entrance, the property leads to an open plan sales area to the front, followed by a consultation room, W/C facilities, and a kitchen/tea prep area to the rear.
Sale Notes
The unit comes with an existing tenant (Clear Vision Opticians Scotland Ltd), who have a tenancy within the building until the 28th of February 2030 with a rent review on the 1st of March 2028. Clear Vision Opticians (Scotland) Ltd currently pays a rent of £7,200 pa.
The tenant holds an option for a 7-year extension from the expiry date upon giving 12 months' notice. They have been in occupation since 2007.
The tenant holds an option for a 7-year extension from the expiry date upon giving 12 months' notice. They have been in occupation since 2007.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 25 | 594 SF | Retail | $149,009 CAD ($250.86 CAD/SF) | $13,172.41 CAD |
Unit 25
| Unit Size |
| 594 SF |
| Condo Use |
| Retail |
| Price |
| $149,009 CAD ($250.86 CAD/SF) |
| NOI |
| $13,172.41 CAD |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 25
| Unit Size | 594 SF |
| Condo Use | Retail |
| Price | $149,009 CAD ($250.86 CAD/SF) |
| NOI | $13,172.41 CAD |
| Sale Type | Investment |
| Cap Rate | 8.84% |
| Tenure | Freehold |
| Description | |
| The subject property comprises of the ground floor retail unit contained within a larger two-storey tenement building with an attic. <br> <br> The property benefits from a large glazed shop frontage and can be accessed via a dedicated pedestrian entrance off High Street and is protected by way of roller shutter.<br> <br> Internally, the subjects incorporates the current tenant's fit-out as an optician. Upon entrance, the property leads to an open plan sales area to the front, followed by a consultation room, W/C facilities, and a kitchen/tea prep area to the rear.</li></ul> | |
| Sale Notes | |
| The unit comes with an existing tenant (Clear Vision Opticians Scotland Ltd), who have a tenancy within the building until the 28th of February 2030 with a rent review on the 1st of March 2028. Clear Vision Opticians (Scotland) Ltd currently pays a rent of £7,200 pa. <br> <br> The tenant holds an option for a 7-year extension from the expiry date upon giving 12 months' notice. They have been in occupation since 2007.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 594 SF | Typical Floor Size | 594 SF |
| Property Type | Retail (Condo) | Year Built | 1850 |
| Property Subtype | Storefront Retail/Residential | Tenancy | Single |
| Building Class | C | Lot Size | 0.01 AC |
| Floors | 3 |
| Total Building Size | 594 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 594 SF |
| Year Built | 1850 |
| Tenancy | Single |
| Lot Size | 0.01 AC |
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
25 High St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.