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45-45A Neilsland Rd

4,016 SF 100% Leased Retail Building Hamilton ML3 8NA £300,000 (£75/SF) 8.67% Net Initial Yield

Investment Highlights

  • The property incorporates a public house and a betting office
  • £26k rent combined earnings a yea
  • Super Size: Circa 4,100 Sq Ft in total

Executive Summary

The property incorporates a public house and a betting office.
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 recessed spot and box lighting. The floor is covered with tiles

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,016 SF
Building Class
C
Year Built
1953
Price
£300,000
Price Per SF
£75
Net Initial Yield
8.67%
NOI
£26,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.80
Land Acres
0.11 AC

Amenities

  • 24 Hour Access

Nearby Major Retailers

Co-operative Food
ALDI
SPAR
Sainsbury's
Iceland
Bank of Scotland plc
Virgin Money Plc
eurochange
Costa Coffee
Santander
  • Listing ID: 34046055

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 45-45A Neilsland Rd, Hamilton ML3 8NA

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