Summary - High Street, Lanark, Lanarkshire, ML11 ML11 7LN
1 bed 1 bath Retail Property (high street)
Income-producing town centre unit with clear short-lease risk for investors to assess.
Prominent glazed frontage on Lanark High Street
Large ground-floor retail: 1,435 sq ft (133.35 sqm)
Let to Card Factory; passing rent £19,500pa
Lease expires 24 Feb 2030; tenant break in 2028 (5 years left)
Short lease likely to restrict mortgage lending
Freehold for offers over £175,000
Suspended acoustic ceiling, LED lighting, partitioned rear stores
Area flagged as very deprived — may affect footfall
This is a prominent ground-floor retail freehold on Lanark High Street, let to Card Factory with a passing rent of £19,500pa. The 1,435 sq ft Victorian stone-built unit offers a glazed shopfront, suspended acoustic ceiling with LED lighting and partitioned store, office and staff areas — ready for a continuing national occupier or new retail use on expiry.
The building is offered at offers over £175,000 and currently produces income until February 2030 (tenant break in 2028). The lease term is short for a freehold investment: only five years remain on the agreement, which is likely to restrict mortgage finance availability and will be a key consideration for many buyers.
Lanark is a busy market town serving c.10,000 residents with a wider catchment of around 55,000. The property sits in the town’s primary retail pitch near national multiples and good local amenities. Broadband and mobile connectivity are strong, but the immediate area is identified as very deprived, which may affect footfall patterns and long-term rental growth.
The opportunity suits an investor seeking an income-producing High Street freehold with potential to re-let, refurbish or reposition at lease expiry. Buyers should factor in lease expiry risk, potential re-letting costs, and lender restrictions when assessing finance and yield.
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