Summary - 175, MAIN STREET ML2 7AU
1 bed 1 bath Commercial Property
Low-price auction lot with strong refurbishment upside near town amenities.
- Freehold Victorian corner building with high ceilings and large rooms
- Former public house layout; ready for conversion or reuse
- Rateable value £11,600; qualifies for 100% small business relief
- Requires full modernisation; boarded windows and dated interior
- Reported damp and mould; remedial works likely required
- Offered at auction — immediate offers accepted, purchase conditions apply
- Excellent mobile signal and fast broadband suitable for modern trade
- Located in a very deprived area; footfall and demand variable
A substantial Victorian corner commercial building on Main Street, offered freehold and sold via timed auction. The former public house retains high ceilings, large rooms and a traditional bar layout, offering clear scope to reconfigure for leisure, retail or mixed commercial uses. Its rateable value of £11,600 currently qualifies for 100% small business rates relief, improving short-term holding costs.
The property requires comprehensive modernisation: boarded windows, dated internal finishes, evidence of damp and mould, and general repair throughout. These defects are reflected in the low guide price and present a value-add chance for a buyer able to manage renovation and remedial works. Excellent mobile signal and fast broadband support modern business uses once refurbished.
Positioned on a busy stretch of Wishaw with immediate access to supermarkets, pharmacies and local shops, the location supports customer footfall and business growth. Recent nearby sales demonstrate local comparables, reinforcing potential upside if the building is sympathetically upgraded or repurposed.
This lot suits a hands-on investor or business owner prepared for refurbishment, remediation and an auction purchase process. Buyers should factor repair costs, potential damp remediation, and the auction timeline into their budgets but can expect meaningful uplift through targeted investment and repositioning.
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