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

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

The two one-bedroom flats also come with two tenanted commercial units in Wishaw Main Street and has a guide price of £250,000.

The property will feature in an upcoming timed online auction.

Prime Property Auctions, who are marketing the property, state the two commercial units generate a total income of £10,000 per annum with the potential to increase over time while the two flats could achieve a combined income of £900 to £1,000.

Writing on the Rightmove website, Prime Property state: “This is sure to appeal to shred investors looking for a passive income opportunity. It is an amazing opportunity to diversify between commercial and residential rental income.

“The rateable value for the unit is £4,800, which would qualify for small business rates relief.

“The residential units comprise an entrance Hallway, a living room, kitchen, a double bedroom, and a bathroom. They also benefit from a rear storage area that could be converted to residential use.

“This portfolio also comes with a two storey brick building which historically had planning consent for residential flats.

“All planning enquiries must be made to the relevant local council. To participate in the live auction, you must have a bidding account created.

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“For further details on how to have a bidding account created please contact the team. The local areas have seen some great sales recently showing that there is strong demand recently.”

More information is available on the Rightmove and Prime Property websites.

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