Two flats and commercial units are currently up for sale in Wishaw town centre, offering a unique investment opportunity. The properties, located on Wishaw Main Street, consist of two one-bedroom flats along with two tenanted commercial units. The guide price for this combined offering is set at £250,000.
The upcoming timed online auction will showcase this property, which is being marketed by Prime Property Auctions. According to the marketing information, the two commercial units bring in a total income of £10,000 per year, with potential for future growth. Additionally, the two flats could generate a combined income ranging from £900 to £1,000 annually.
Describing the property on the Rightmove website, Prime Property states that this opportunity is ideal for investors seeking a passive income stream. The rateable value of the units is noted at £4,800, potentially qualifying for small business rates relief. The residential units include a living room, kitchen, double bedroom, and bathroom, as well as a rear storage area that could be converted into residential space.
The portfolio also includes a two-storey brick building that previously had planning permission for residential flats. Interested parties are advised to make any planning enquiries with the local council. To participate in the live auction, bidders must create a bidding account through the appropriate channels.
Recent sales in the local area have demonstrated a strong demand for properties like this one, highlighting its appeal to potential buyers. More details about this listing can be found on both the Rightmove and Prime Property websites.
In conclusion, this property in Wishaw presents a compelling investment opportunity with its mix of residential and commercial units. With the potential for rental income from both the flats and commercial spaces, it offers a chance for investors to diversify their portfolio. The upcoming auction provides a platform for interested buyers to secure this property in the vibrant town centre of Wishaw.