Page 8 - Shepherd Commercial Auctions - August 2024

Lot 4
Lockups at 1 Langdykeside, Lesmahagow, Lanark, Lanarkshire
ML11 0EY
Part Let Investment Opportunity
Features
• GIA 320.62 sq. m. (3,450 sq. ft.)
• Popular residential area
• May suit alternative uses subject to planning
• High levels of passing traffic
Description
The subjects at Langdykeside, comprise 5 small garage lock up units, with open space
suitable for storing items such as vehicles, equipment, or personal items. The subjects
benefit from double door and shutter access.
Location
Lesmahagow is a small town, lying within the South Lanarkshire district and
approximately 7 miles to the southwest of Lanark.
The subject property is located on the eastern side of Lesmahagow town centre and
positioned a short-walking distance from Abbeygreen. Abbeygreen is Lesmahagow’s
primary commercial area, whereby a small number of retail and leisure amenities are
located.
Surrounding properties are predominantly commercial, albeit there are some residential
properties also located nearby.
Planning
We understand that the property has planning consent for its existing use. The property
may suit alternative uses subject to obtaining all necessary planning consents.
Rateable Value
We understand that the subjects are entered into the valuation roll with an accumulated
rateable value of £11,150.
Energy Performance Rating To be confirmed.
Tenancy
The current rental income for the four occupied lock-ups amounts to £3,880.00 per
annum. These lock-ups are all under rolling month-to-month licenses to occupy,
providing flexibility for both tenants and the landlord. We anticipate an ERV of £5,700 per
annum if running at 100% occupancy. Auction Type
Unconditional Sale - The buyers fee is 2.64% inc VAT(2.2% plus VAT)
subject to a minimum of £3,000 inc VAT(£2,500 plus VAT).
*Guide Price £32,500 (plus fees if applicable)
8 * Please see Buyer’s Terms for definition of guide price
and auction fees