Page 9 - Shepherd Commercial Auctions - Catalogue 21/08/2025

Lot 5
89 High Street, Lanark, Lanarkshire ML11 7LN
Retail Investment
Features
• Passing rent £19,500 per annum
• Lease due to expire in February 2030
• NIA 125.75 sq. m. (1,321 sq. ft.)
• Located in the heart of Lanark
Description
The subjects comprise a ground floor retail unit, forming part of a larger two-storey
building with a residential dwelling located on the upper floor. The subjects benefits from
a dedicated pedestrian entrance via High Street.
Ample on-street parking can also be found to the front of the premises.
Accommodation
Internally, the subjects provide an open plan sales area to the front benefitting from a
vinyl floor covering and a suspended tiled ceiling with LED lighting incorporated
throughout. The subjects also benefits from an office, kitchen/prep area and W/C facilities
as well as storage accommodation on the upper floors.
Location
The Subjects are located in Lanark, located approximately 27 miles east of Glasgow and
35 miles south-west of Edinburgh, forming part of South Lanarkshire.
Lanark benefits from strong transport links with the A73 providing access to the M74
which offers connectivity to Glasgow and the North of England. Lanark Train Station is
located approximately 0.2 miles from the subject property providing frequent services to
Glasgow Central Station and Edinburgh Waverley. The surrounding area is well served
by bus routes which provides connectivity.
More specifically, the subjects occupy a prominent pitch on High Street which acts as
Lanark’s primary retailing throughfare. The surrounding area consists of a blend between
residential and commercial occupiers including Boots, Costa Coffee and Hay Travel.
Tenancy
Tenant: Sportswift Ltd t/a Card Factory
Rent: £19,500 per annum
Break Option: 25th February 2028
Repair Obligation: FRI
Expiry: 24th February 2030
*Guide Price £160,000 plus VAT (plus fees if
applicable)
Energy Performance Rating To be confirmed.
Rateable Value
The property has a rateable value of £19,200.
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject
to a minimum of £4,800 inc VAT(£4,000 plus VAT).
* Please see Buyer’s Terms for definition of guide price
and auction fees
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