Tenanted Freehold Investment Property, Lanark Ref 2725

Freehold £119,500

  • 2948
  • 2949
  • 2950
  • 2951

This is an excellent tenanted investment opportunity for those looking for a long term investment with an existing tenant in Kirkfieldbank near Lanark.

This fully fitted 72m2 (760sqft) freehold convenience store has been trading for over 30 years and benefits from little competition, excellent local custom and good passing trade.

Current passing rent of £1,000 per month producing a 10% yield with the current lease running until 2026.

Freehold investment property for sale at offers over £119,500.

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Type of business
This well established independent licensed convenience store is the only business of its type in the area. This results in excellent repeat local business and its main road location also generates good passing trade. As such it represents an excellent investment property with a healthy rental yield of 10%. The property is in good condition throughout and viewing is highly recommended. Kirkfieldbank is an attractive residential village with a population of around 1,000 and this is the only convenience store. It is on the main road from the M74 to Lanark. The business has a good mix of sales including newspapers and magazines, convenience foods, cigarettes, soft drinks, confectionary, alcohol and a selection of hot and cold filled rolls, teas and coffee. The business has been trading for over 30 years and the current tenant took over in 2021 and has a lease until 2026.
Freehold. Rateable value only £9,200 so no rates are payable.
The shop is located on the south side of Riverside Road just west of the bridge over the River Clyde in the village of Kirkfieldbank which is just outside Lanark. The premises are comprise a large front shop, rear kitchen/store and staff toilet. The shop benefits from ample unrestricted on street parking.