45-45A Neilsland Rd 4,016 SF 100% Leased Retail Building Hamilton ML3 8NA £300,000 (£74.70/SF) 8.67% Net Initial Yield

FOR SALE BY ONLINE AUCTION WEDNESDAY 26th of March 2025 AT 9AM - ***GREAT OPPORTUNITY***To acquire a detached building of traditional construction arranged over ground floor only***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***
Description
***The property is located in the Fairhill District of Hamilton on the north -east side of Neilsland Road, approximately 2 miles south west of Hamilton Town Centre***
***The surrounding area is primarily housing with nearby occupiers including the Community Centre, Fairhill Takeaway and Premier Convenience Store The nearest rail links are from Hamilton Central Railway Station which takes a 5 minute drive to reach***
***Hamilton is a large town in South Lanarkshire, Scotland and serves as the main administrative centre of the council area. It sits approximately 9 miles south-east of Glasgow, 37 miles south0west of Edinburgh and can be assessed from Junction 6 of the M74 motorway.***
***The property is let to William Hill on new 15 year full repairing and insuring leases that commenced in March 2024 at a combined rent of £26,000 per annum. The lease incorporates tenant break options at the 7th and 12th anniversaries. The rent is subject to open market rent reviews on the 5th and 10th anniversaries.***
The subject property is located in the Fairhill district of Hamilton on the north -east side of Neilsland Road, approximately 2 miles south west of Hamilton Town Centre. The surrounding area is primarily housing with nearby occupiers including the Community Centre, Fairhill Takeaway and Premier Convenience Store The nearest rail links are from Hamilton Central Railway Station which takes a 5 minute drive to reach***Hamilton is a large town in South Lanarkshire, Scotland and serves as the main administrative centre of the council area. It sits approximately 9 miles south-east of Glasgow, 37 miles south0west of Edinburgh and can be assessed from Junction 6 of the M74 motorway***
***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.***
GUIDE PRICE - £300,000
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Key Feature 1
The property incorporates a public house and a betting office
Key Feature 2
Super Size: Circa 4,100 Sq Ft in total
Key Feature 3
£26k rent combined earnings a year (9.8% yield)