Summary - 10, BROOMKNOLL STREET ML6 6BN
1 bed 1 bath Restaurant
Freehold Victorian retail unit with Class 3 planning — auction guide £60,000, high-yield potential.
Prominent Victorian ground-floor retail unit with basement (67sqm / 712sqft)
Planning application approved for Class 3 (hot food) restaurant
Freehold tenure; guide price £60,000 — offered at auction
Projected rent circa £750pcm (£9,000pa) — income not guaranteed
High visibility and reported strong footfall on a busy thoroughfare
Located in a very deprived area — may affect trading and tenant demand
Sale at auction — immediate purchase processes and buyer due diligence needed
Requires fit-out and equipment installation for restaurant trading
This freehold Victorian retail unit at 10 Broomknoll Street is offered with planning approval for Class 3 (hot food) restaurant and occupies approximately 67 sqm (712 sqft) over ground and basement levels. The property sits on a busy Airdrie thoroughfare with high visibility and reported strong footfall, making it suited to operators or investors targeting a quick conversion to a takeaway/restaurant.
The lot is offered for auction with a guide price of £60,000. A projected rental figure of circa £750 pcm (£9,000 pa) is suggested, which the seller states would equate to around a 10.5% yield at guide price if achieved. The property benefits from freehold tenure, fast broadband and excellent mobile signal.
Notable practical considerations: the unit will require fit-out and equipment installation to operate as a Class 3 hot food business, and there is no confirmed tenant in place. The location sits within a very deprived area, which may affect passing spend and tenant demand. The sale is via timed online auction and is offered as seen, so buyers should allow for immediate purchase processes and factor in fit-out, legal and potential remediation costs.
This opportunity will suit investors seeking a low entry-price commercial asset with planning consent in place, or an operator prepared to invest in conversion and trading. The combination of planning approval, prominent frontage and compact footprint delivers clear upside, balanced by the need for capital to fit-out and the local socioeconomic context.
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