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25 High St 594 sq ft Retail Unit Offered at £80,000 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 sq ft | Sale Type | Investment |
| Price | £80,000 | Tenure | Freehold |
| Price Per sq ft | £134.68 | Net Initial Yield | 8.84% |
| Unit Use | Retail | NOI | £7,072 |
| Unit Size | 594 sq ft |
| Price | £80,000 |
| Price Per sq ft | £134.68 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.84% |
| NOI | £7,072 |
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 Property Size | 594 sq ft | Typical Floor Size | 594 sq ft |
| Property Type | Retail (Unit) | Year Built | 1850 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | C | Total Plot Size | 0.01 ac |
| Floors | 3 |
| Total Property Size | 594 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 3 |
| Typical Floor Size | 594 sq ft |
| Year Built | 1850 |
| Tenancy | Single |
| Total Plot Size | 0.01 ac |
Amenities
- Security System
Nearby Major Retailers
Presented by
25 High St
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