Summary - 131, STATION ROAD ML7 4BJ
1 bed 1 bath Not Specified
### Key Features:
- **Current Tenancy**: £476 p/m on a 10-year FRI lease
- **Rateable Value**: £2,200 (qualifying for business rates relief)
- **Location**: High foot traffic area near amenities and train station
- **Investment Potential**: Excellent yield opportunity
- **Property Condition**: Victorian corner unit needing renovation
- **Lease Concerns**: 10 years left on lease may affect mortgage lending
This prime commercial investment opportunity in Shotts offers a solid return with a current tenant generating £476 a month on a secure 10-year FRI lease. With a rateable value of £2,200 qualifying for business rates relief, this property is ideal for savvy investors looking for an affordable, readily-let space with great yield potential. The property's location boasts excellent foot traffic, surrounded by essential amenities and a train station—making it a strategic investment in a community poised for growth.
Despite its promising outlook, potential buyers should be aware that the property requires modernization and renovation, particularly in its Victorian design. Furthermore, the remaining lease length may pose challenges for mortgage financing. However, this fixer-upper represents an exceptional opportunity for those envisioning a robust and versatile commercial venture in a well-connected area. Act quickly, as this offering at an auction-friendly price won’t last long!
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