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45-45A Neilsland Rd 4,100 SF Retail Condo Unit Offered at $554,215 CAD in Hamilton ML3 8NA
Investment Highlights
- The property incorporates a public house and a betting office
- £26k rent combined earnings a year (9.8% yield)
- Super Size: Circa 4,100 Sq Ft in total
Executive Summary
GREAT OPPORTUNITY***To acquire a detached building of traditional construction**The property incorporates a public house and a betting office***Super Size: Circa 4,100 Sq Ft in total*** £26k rent combined earnings a year (9.8% yield)***New 15 year lease from March 2024***7th year and 12th year term break options*** VAT free investment opportunity The subjects comprise a detached building of traditional construction. The property incorporates a public house and a betting office. The roof is flat and appears to be of bituminous felt. Upon entering the public house, there is the bar situated immediately ahead with customer seating surrounding it. To the rear of the property there are customer and staff welfare facilities. There is a small kitchenette which is also used for storage. The ceilings are wallpapered and incorporate pendant lighting. The walls are of plaster/paint and the floors are covered in laminate/carpet. A stairwell to the rear provides access to the basement which extends to the entire demise of the building. Internally, the betting office has an open plan sales area which has been fitted out with corporate branding. The ceilings are of suspended tile grid which incorporate recessed spot and box lighting. Rateable Value According to the Scottish Assessors Association, the subjects have Rateable Values of; Unit 45 (Betting office) - £8,000 effective from 1st April 2023. Unit 45a (Public house) - £10,800 effective from 1st April 2023.
Property Facts
| Total Building Size | 4,143 SF | Typical Floor Size | 4,143 SF |
| Property Type | Retail (Condo) | Year Built | 1953 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | C | Lot Size | 0.11 AC |
| Floors | 1 |
| Total Building Size | 4,143 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 4,143 SF |
| Year Built | 1953 |
| Tenancy | Single |
| Lot Size | 0.11 AC |
Amenities
- 24 Hour Access
1 Unit Available
Unit 2
| Unit Size | 4,100 SF | Sale Type | Investment |
| Price | $554,215 CAD | Tenure | Freehold |
| Price Per SF | $135.17 CAD | Sale Conditions | Auction Sale |
| Condo Use | Retail |
| Unit Size | 4,100 SF |
| Price | $554,215 CAD |
| Price Per SF | $135.17 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
Description
GREAT OPPORTUNITY***To acquire a detached building of traditional construction**The property incorporates a public house and a betting office***Super Size: Circa 4,100 Sq Ft in total*** £26k rent combined earnings a year (9.8% yield)***New 15 year lease from March 2024***7th year and 12th year term break options***
VAT free investment opportunity
The subjects comprise a detached building of traditional construction. The property incorporates a public house and a betting office. The roof is flat and appears to be of bituminous felt.
Upon entering the public house, there is the bar situated immediately ahead with customer seating surrounding it. To the rear of the property there are customer and staff welfare facilities. There is a small kitchenette which is also used for storage. The ceilings are wallpapered and incorporate pendant lighting. The walls are of plaster/paint and the floors are covered in laminate/carpet. A stairwell to the rear provides access to the basement which extends to the entire demise of the building. Internally, the betting office has an open plan sales area which has been fitted out with corporate branding. The ceilings are of suspended tile grid which incorporate recessed spot and box lighting.
Rateable Value
According to the Scottish Assessors Association, the subjects have Rateable Values of;
Unit 45 (Betting office) - £8,000 effective from 1st April 2023.
Unit 45a (Public house) - £10,800 effective from 1st April 2023.
+9 More
Neilsland 2 14
Neilsland 2 1
Neilsland 2 3
Neilsland 2 2
Neilsland 2 4
Neilsland 2 5
Neilsland 2 6
Neilsland 2 7
Neilsland 2 8
Neilsland 2 9
Neilsland 2 10
Neilsland 2 11
Neilsland 2 12
Neilsland 2 13
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| William Hill (Bookmakers) Ltd |
-
|
Jan 0000
|
Nearby Major Retailers
Presented by
Online Property Auction Group
45-45A Neilsland Rd
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