Tenanted Commercial Investment Property

The subjects are situated on the south side of High Street, east of its junction with Wellgate within the main retail parade of Lanark’s town centre. Lanark is a busy market town located approximately 20 miles south-east of Glasgow and 30 miles south-west of Edinburgh, with a resident population of around 10,000 and a further catchment of 55,000 persons. The property benefits from being adjacent to a large public car park situated to the rear of the demise with ample access to the High Street. Neighbouring occupiers include Greggs, Specsavers, Poundland, Costa Coffee, and Royal Bank of Scotland. The property comprises a mid-terraced two-storey commercial premises within a larger commercial parade, offering a prominent display frontage with a partially recessed entrance door. The interior has been decorated in accordance with the tenant's corporate specifications, featuring laminated timber flooring and a suspended acoustic tile ceiling with recessed LED panels. The ground floor extends to approximately 76.18 sq m (820 sq ft), while the first floor extends to approximately 23.18 sq m (250 sq ft), providing a total internal area of approximately 99.36 sq m (1,070 sq ft). The first floor is accessed via a staircase to the rear and offers ancillary storage facilities. The property is held on a full repairing and insuring (FRI) head lease until 5th August 2031 at a passing rent of £12,000 per annum, with a tenant's option to determine in 2029. The landlord holds a rent deposit of £3,000, and the tenant operates multiple units throughout Lanarkshire, including two in Lanark town.