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52 High St 1,034 sq ft Retail Property Lanark ML11 7EX £170,000 (£164.41/sq ft) 8.94% Net Initial Yield
Investment Highlights
- Town Centre Retail Unit
- Ground Floor 955sq ft
- Long Standing Tenant
Executive Summary
The property comprises a prominent ground floor retail unit extending to approximately 88.7 sq m (955 sq ft), situated on the main retail pitch of High Street in Lanark. The unit forms part of an established commercial parade and benefits from a glazed frontage and accommodation fitted to the tenant’s corporate specification, with ancillary staff and storage facilities to the rear. The property is let on a full repairing and insuring lease to Hays Travel Ltd, with a lease expiring in September 2030 at a passing rent of £15,200 per annum; the 2026 tenant break option has not been exercised. The freehold interest is available for sale at offers over £170,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,034 sq ft
Costar Property Class
B
Year Built
1890
Price
£170,000
Price per sq ft
£164.41
Yield
8.94%
NOI
£15,200
Tenancy
Single
Number of Floors
3
Frontage
23 ft on High Street
1 1
Nearby Major Retailers
1 of 2
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52 High St
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