Rare opportunity! Office investment with residential potential

0 Sqft - 16 Haddow Street

Property Description

Part of a corner tenement building at the junction of Haddow Street and Avon Street, a short distance to the south of Hamilton town centre. Cadzow Parish Church is immediately adjacent and the surrounding area displays a mixture of uses including ecclesiastical, commercial, industrial and residential.

Parking is provided to the rear and on street, pay and display parking is available on Avon Street and other streets in the vicinity. Hamilton Central railway station and bus terminus are nearby and there are easy links to Junction 6, M74 for Glasgow, the south and the national motorway network (M73, M8 etc.)

Hamilton is approximately 11 miles to the south east of Glasgow and is the main commercial and administrative centre for South Lanarkshire with a population of approximately 50,000.

A multi-let investment within a 2 storey sandstone tenement, 14 Haddow Street and 20 Avon Street form a retail unit on the corner of the building and the remainder of the office units are accessed from two common closes, 16 and 18, Haddow Street.

Converted from residential flats, the office suites are a variety of sizes, from 1 to 3 rooms, and by our calculations the total areas are 1804 sqft/167.56 sqm to the ground floor and 1760 sqft/ 163.49 sqm to the first floor.

Most of the units benefit from gas central heating supplemented by replacement upvc double glazing and have their own toilet but there are toilets within the common close for those which do not.

The landlord has a formal agreement with the adjacent Cadzow Parish Church to access the car park to the rear through the church’s car park and to utilise 4 of the church’s parking spaces during business hours. In return, outwith business hours the church is permitted to use the our client’s car park.

The shop and  suites are all let on informal, internal repairing and insuring agreements (rent includes buildings insurance contribution) requiring one month’s notice to quit. Deposits are held against most of the suites and rent is paid monthly in advance by standing order.

The majority of the occupiers have been in the building beyond a one year licence period and some for a number of years as evidenced in the tenancy schedule below.

The landlord also owned the remainder of the tenement on Avon Street, which was also split into office suites,  and converted the building (including part of the attic) to  residential flats before selling them individually. He believes a similar conversion of the building for sale is possible, creating 10 flats.

                                                                 OFFERS OVER £ 325,000 are invited

                          In the first instance, all offers should be submitted to Mr Cameron of this office.

                                          Viewing is STRICTLY by appointment through ourselves as agents.

Basic Details

Property Type : Office
Listing Type : For Sale
Listing ID : 1270
Price : £325,000
Rooms : 10
Bathrooms : 0
Half Bathrooms : 0
Built Up Area : 0 Sqft
Area : 3,564 Sqft

Address Map

Country : United Kingdom
Area : Hamilton
Street : Haddow Street
Street Number : 16
Postal Code : ML3 7HX
Longitude : W5° 57' 49.8''
Latitude : N55° 46' 19.4''
Office For Sale
  • Listing ID : 1270
  • Bathrooms : 0
  • Built Up Area : 0 Sqft
£325,000
Agent info
Whyte & Barrie
Suites 7 & 8 Waverley House, Caird Park, Hamilton, ML3 0QA
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