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Investment property with planning approved

Airdrie, ML6 - Get Access

Description

A fantastic commercial investment opportunity featuring planning application approved for a Class 3 hot food restaurant, located on a busy thoroughfare of Airdrie. For rental purposes, the property could achieve upwards of £750 PCM (£9,000 PA), providing an excellent 10.5% yield if achieved at the guide price. This prominent building offers ample versatile space of approximately 67 sqm (712 sq ft) set over ground floor and basement levels, benefiting from high visibility and strong footfall. It is sure to appeal to shrewd commercial investors looking for rare commercial premises with great high yield potential, or those seeking affordable commercial premises. This rarely available location is ideal for investors looking for ready-let investments in a sought-after locale. Airdrie is a thriving North Lanarkshire town combining rich history with modern convenience, boasting excellent transport links via road and rail ideal for commuters. The town offers a variety of amenities, including shopping centres, restaurants, schools, and healthcare facilities. Outdoor enthusiasts can enjoy Drumpellier Country Park and local golf courses, while Airdrie’s strong sporting heritage includes its football club, Airdrieonians. Providing a welcoming community, a mix of traditional and modern housing, and easy access to both urban and rural attractions, Airdrie offers a well-balanced lifestyle in central Scotland.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 712 sq ft (Listing)

This commercial retail unit on Broomknoll Street was valued by examining retail and commercial property values across central Airdrie. The property features a multi-level layout spanning approximately 712 sq ft over ground and basement levels. Condition assessment reveals a dated interior requiring around £18,500 of average refurbishment for flooring, walls, and basement damp treatment. Floor area is based on the advertised and scraped internal measurement of 712 sq ft (66 m²).

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