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25 High St 594 SF Retail Condo Unit Offered at $107,486 in Carluke ML8 4AL
INVESTMENT HIGHLIGHTS
- Situated in high population area
- Close to Carluke Railway Station, which provides frequent services
- Large glazed shop frontage with roller shutter protection
- Strong transport links via the nearby M74
- Occupies a prominent street position
- Consistent passive income from existing tenant
PROPERTY FACTS
| Total Building Size | 594 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 594 SF |
| Property Subtype | Storefront | Year Built | 1850 |
| Building Class | B | Tenancy | Single |
| Total Building Size | 594 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 594 SF |
| Year Built | 1850 |
| Tenancy | Single |
AMENITIES
- Security System
1 UNIT AVAILABLE
Unit 25
| Unit Size | 594 SF | Sale Type | Investment |
| Price | $107,486 | Tenure | Freehold |
| Price Per SF | $180.95 | Cap Rate | 8.84% |
| Condo Use | Retail | NOI | $9,501.80 |
| Unit Size | 594 SF |
| Price | $107,486 |
| Price Per SF | $180.95 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.84% |
| NOI | $9,501.80 |
DESCRIPTION
The subject property comprises of the ground floor retail unit contained within a larger two-storey tenement building with an attic.
The property benefits from a large glazed shop frontage and can be accessed via a dedicated pedestrian entrance off High Street and is protected by way of roller shutter.
Internally, the subjects incorporates the current tenant's fit-out as an optician. Upon entrance, the property leads to an open plan sales area to the front, followed by a consultation room, W/C facilities, and a kitchen/tea prep area to the rear.
SALE NOTES
The unit comes with an existing tenant (Clear Vision Opticians Scotland Ltd), who have a tenancy within the building until the 28th of February 2030 with a rent review on the 1st of March 2028. Clear Vision Opticians (Scotland) Ltd currently pays a rent of £7,200 pa.
The tenant holds an option for a 7-year extension from the expiry date upon giving 12 months' notice. They have been in occupation since 2007.
NEARBY MAJOR RETAILERS
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25 High St
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