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25 High St 594 SF Retail Condo Unit Offered at $148,208 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 25
| Unit Size | 594 SF | Sale Type | Investment |
| Price | $148,208 CAD | Tenure | Freehold |
| Price Per SF | $249.51 CAD | Cap Rate | 8.84% |
| Condo Use | Retail | NOI | $13,101.61 CAD |
| Unit Size | 594 SF |
| Price | $148,208 CAD |
| Price Per SF | $249.51 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.84% |
| NOI | $13,101.61 CAD |
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.
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.
Interior Photo
Property Facts
| 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
Nearby Major Retailers
Presented by
25 High St
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