Two flats and commercial units on the market in Wishaw town centre

Two flats and commercial units are currently on the market in Wishaw town centre. The two one-bedroom flats are accompanied by two tenanted commercial units in Wishaw Main Street and have a guide price of £250,000. These properties are set to be featured in an upcoming timed online auction.

Prime Property Auctions, the marketing firm handling the sale, has revealed that the two commercial units generate a total income of £10,000 per annum, with the potential for growth over time. Additionally, the two flats could bring in a combined income of £900 to £1,000.

According to the marketing description on the Rightmove website, Prime Property highlights that this opportunity is appealing to investors looking for a passive income stream. The rateable value for the units is £4,800, making them eligible for small business rates relief.

The residential units consist of an entrance hallway, a living room, kitchen, a double bedroom, and a bathroom. There is also a rear storage area that could potentially be converted for residential use. The property portfolio includes a two-storey brick building that previously had planning consent for residential flats. Enquiries regarding planning permissions should be directed to the local council.

To participate in the live auction, interested parties must create a bidding account. Further details on creating a bidding account can be obtained by contacting the auction team. The local market has shown strong demand for properties recently, indicating a favourable climate for potential investors.

For more information on this property listing, interested parties can visit the Rightmove and Prime Property websites. Stay tuned for updates on this promising investment opportunity in Wishaw town centre.

Insights and Summary:

This news article reports on the availability of two flats and commercial units in Wishaw town centre, providing details on the property features, income potential, and auction process. The description of the units and the investment opportunity aims to attract potential buyers, especially investors seeking passive income streams. The mention of the strong demand in the local property market adds a sense of urgency for interested parties. The article effectively informs readers about a real estate opportunity while encouraging them to explore further details on the property.