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48 Bannatyne St 17,846 SF Retail Building Lanark ML11 7JS $173,735 CAD ($9.74 CAD/SF)
Investment Highlights
- GIA: 1,266.41 SQM (13,632 SQFT).
- Located Within Lanark Town Centre.
- Suitable For Redevelopment (Subject to Planning).
- Category C Listed Building.
- Benefits From High Levels of Passing Traffic.
- Sale Price: Offers In Excess of £95,000.
Executive Summary
The subjects comprise a self-contained premises spanning across ground, first and second floor level, formerly being utilised as a cinema. The property benefits from dedicated pedestrian access via Bannatyne Street. Internally, the subjects consist of a mixture of open-plan and cellular leisure accommodation, with dedicated W/C facilities provided on each floor. The property benefits from an internal stairwell, offering convenient access between both levels. The subjects would be well suited to a variety of uses, including a cinema, community hub, performing arts centre or residential redevelopment. The property is in a dilapidated condition, and no further works will be completed by our client while it is on the market. Furthermore, given the condition of the property, there shall be no viewings available.
Property Facts
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
17,846 SF
Building Class
B
Year Built
1932
Price
$173,735 CAD
Price Per SF
$9.74 CAD
Tenancy
Multiple
Building Height
2 Stories
Frontage
40’ on Bannatyne Street
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Nearby Major Retailers
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48 Bannatyne St
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