0 Bedrooms Block of flats for sale in Oakbank Avenue, Wishaw ML2 | £ 5,100,000

Property Description

An excellent Central Belt of Scotland residential and commercial property portfolio for sale.

Description
A substantial residential portfolio of 94 units located mainly in ML1 and ML2 postcodes, with a unique block of 12 flats in Paisley. The portfolio has an audited record of strong lets and provides an enviable investment opportunity with a strong yield.
For Sale at Offers Over £4,600,000.

An additional 10 fully let commercial units are also available either as part of the above portfolio or by separate negotiation.
10 commercial units for sale at Offers Over £450,000.

Due Diligence
A limited amount of information on each property is available on request. All properties are sold as seen. Your attention is drawn to the fact that we have been unable to confirm whether certain items included within the properties are in full working order. Any prospective purchasers must accept that the portfolio is offered for sale on this basis.

The Disposal Process
The portfolio is being offered to the market by means of an informal tender process. Our client’s preference is to sell the portfolio as a single lot. Access to the properties can be arranged by appointment only.

Residential
Address Area Postcode Accommodation Rent (pcm)
Oakbank Avenue Wishaw ML2 0AL 1 Bed Flat Ex Local Authority £360
Dalriada Crescent Motherwell ML1 3XT 2 Bed Flat £300
Dalriada Crescent Motherwell ML1 3XT 2 Bed Flat £300
Dalriada Crescent Motherwell ML1 3XS 2 Bed Flat £300
Dalriada Crescent Mothewell ML1 3XS 2 Bed Flat £310
Townhill Road Hamilton ML3 9RN 2 Bed Flat Ex Local Authority £360
Bowhousebog Road Harthill ML7 5BU 2 Bed House Semi £360
MacKenzie Terrace Bellshill ML4 1HF 2 Bed Flat Ex Local Authority £390
Dalriada Crescent Motherwell ML1 3XS 2 Bed Flat £310
Rosevale Crescent Bellshill ML4 2PJ 2 Bed Flat Ex Local Authority £335
Dalriada Crescent Motherwell ML1 3XT 3 Bed Flat £310
Dalriada Crescent Motherwell ML1 3XT 2 Bed Flat £325
Dalriada Crescent Motherwell ML1 3XT 2 Bed Flat £310
Dalriada Crescent Motherwell ML1 3XS 2 Bed Flat £300
Main Street Wishaw ML2 7AF 1 Bed Flat £400
Main Street Wishaw ML2 7NE 1 Bed Flat £350
Montalto Avenue Motherwell ML1 4AZ 2 Bed Semi Ex Local Authority £475
Bruce Street Bellshill ML4 1QH 2 Bed Flat £415
Spey Walk Holytown ML1 4st 2 Bed Semi Ex Local Authority £450
Winning Quadrant Wishaw ML2 7TT 2 Bed Flat £395
Winning Quadrant Wishaw ML2 7TS 2 Bed Flat £300
Townhill Road Hamilton ML3 9RN 2 Bed Flat £390
Winning Quadrant Wishaw ML2 7TT 2 Bed Flat £335
Dalriada Crescent Motherwell ML1 3YA 2 Bed Flat £310
Morar Drive Paisley PA2 9BB 1 Bed Flat Ex Local Authority £360
Morar Drive Paisley PA2 9BB 1 Bed Flat Ex Local Authority £360
Morar Drive Paisley PA2 9BB 1 Bed Flat Ex Local Authority £360
Morar Drive Paisley PA2 9BB 1 Bed Flat Ex Local Authority £360
Morar Drive Paisley PA2 9BB 1 Bed Flat Ex Local Authority £360
Morar Drive Paisley PA2 9BB 1 Bed Flat Ex Local Authority £360
Riverside Gardens Cronberry KA18 3LU 2 Bed Maisonette £375
Crosshill Street Motherwell ML1 1RU 1 Bed Tenement Flat £360
Crosshill Street Motherwell ML1 1RU 2 Bed Tenement Flat £375
Crosshill Street Motherwell ML1 1RU 2 Bed Tenement FLat £360
Watson Street Motherwell ML1 1YP 2 bed, 4 in a block, ex-local £405
Gresham View Motherwell ML1 2DP 2 Bed Semi Detached £475
Gresham View Motherwell ML1 2DP 2 Bed Semi Detached £550
Gresham View Motherwell ML1 2DP 2 Bed Semi Detached £550
Gavin Street Motherwell ML1 2RL 1 bed traditional £400
Juno Street Motherwell ML1 3XL 2 Bed Flat £335
Juno Street Motherwell ML1 3XL 2 Bed Flat £325
Kylemore Crescent Motherwell ML1 3XP 2 Bed Flat £310
Kylemore Crescent Motherwell ML1 3XP 2 Bed Flat £330
Dalriada Crescent Motherwell ML1 3XT 3 Bed Flat £360
Dalriada Crescent Motherwell ML1 3XT 2 Bed Flat £300
Columba Crescent Motherwell ML1 3XU 2 Bed Flat £275
18 Columba Crescent Motherwell ML1 3XU 2 Bed Flat £350
19 Columba Crescent Motherwell ML1 3XU 2 Bed Flat £270
20 Columba Crescent Motherwell ML1 3XU 2 Bed Flat £350
21 Columba Crescent Motherwell ML1 3XU 2 Bed Flat £310
22 Columba Crescent Motherwell ML1 3XU 2 Bed Flat £350
Dalriada Crescent Motherwell ML1 3XY 2 Bed Flat £300
Dalriada Crescent Motherwell ML1 3YA 2 Bed Flat £325
Dalriada Crescent Motherwell ML1 3YA 2 Bed Flat £350
Columba Crescent Motherwell ML1 3YE 2 Bed Flat £320
Columba Crescent Motherwell ML1 3YE 2 Bed Flat £300
Jimmy Sneddon Way Motherwell ML1 3YG 2 Bed Flat £310
Jimmy Sneddon Way Motherwell ML1 3YG 2 Bed Flat £285
Main Street Holytown ML1 4TA 2 Bed Flat £365
Wide Close Lanark ML11 7LX Studio £275
Grange Avenue Wishaw ML2 0AQ 2 Bed, 4 in a Block, Ex-Local £375
Dale Court, Netherton Wishaw ML2 0DW 2 Bed Flat £425
Dale Court Wishaw ML2 0DW 1 Bed Flat £375
West Thornlie Street Wishaw ML2 7AR 2 Bed Flat £390
West Thornlie Street Wishaw ML2 7AR 2 Bed Flat £390
Main Street Wishaw ML2 7AU 1 Bed Flat £350
Main Street Wishaw ML2 7LU 2 Bed Flat £450
Glasgow Road Wishaw ML2 7PG Studio £300
Shieldmuir Street Wishaw ML2 7th 2 Bed Flat £350
Carfin Road Wishaw ML2 7UG 1 Bed Flat £285
Cambusnethan Street Wishaw ML2 8NN 2 Bed Flat £360
Cambusnethan Street Wishaw ML2 8PW 1 Bed Flat £350
Greenlaw Avenue Wishaw ML2 8QN 2 Bed Flat £350
Greenlaw Avenue Wishaw ML2 8QN 3 Bed Flat £375
Lewis Avenue Wishaw ML2 8XT Studio £245
Lewis Avenue Wishaw ML2 8XT Studio £245
Lewis Avenue Wishaw ML2 8XT Studio £230
Lewis Avenue Wishaw ML2 8XT Studio £250
Lewis Avenue Wishaw ML2 8XT Studio £250
Lewis Avenue Wishaw ML2 8XT Studio £225
Lewis Avenue Wishaw ML2 8XT Studio £245
Lewis Avenue Wishaw ML2 8XT Studio £250
Lewis Avenue Wishaw ML2 8XT Studio £245
Lewis Avenue Wishaw ML2 8XT Studio £250
Glasgow Road Hamilton ML3 0QG 1 Bed Flat £300
Adamson Street Bellshill ML4 1DT 2 Bed, 4 in a Block, Ex-Local £450
Bruce Street Bellshill ML4 1PW 2 Bed Flat £375
Lee Place Bellshill ML4 2QP 2 Bed, 4 in a Block, Ex-Local £305
Garry Drive Paisley PA2 9BY 1 Bed Flat, Ex-Local £360
Garry Drive Paisley PA2 9BY 1 Bed Flat, Ex-Local £360
Garry Drive Paisley PA2 9BY 1 Bed Flat, Ex-Local £360
Garry Drive Paisley PA2 9BY 1 Bed Flat, Ex-Local £360
Garry Drive Paisley PA2 9BY 1 Bed Flat, Ex-Local £360
Garry Drive Paisley PA2 9BY 1 Bed Flat, Ex-Local £360
Sub Total Residential Rent Per Calendar Month: £32,245

Based on a 94 unit portfolio sale price of £4,600,000 it is calculated that the overall yield would be 8%.
A valuation of the individual assets of the portfolio has not been undertaken. An indicative price has been assessed against each property type. These figures are exclusive of car parking and are based upon comparable evidence in the marketplace.

Commercial
Address Area Postcode Rent (pcm)
Main Street Wishaw ML2 7NG £300
Bloomgate Lanark ML11 9ET £220
Bloomgate Lanark ML11 9ET £250
Wynd Close Lanark ML11 7LX
Wynd Close Lanark ML11 7LX
Queen Street Rutherglen G73 1JP £433
Main Street Holytown ML1 4TA £600
Main Street Wishaw ML2 7LU £361
Jerviston Street New StevenstonML1 4JS £450
Main Street Wishaw ML2 7AU £600
Sub Total Commercial Rent Per Calendar Month: £3,214

Total Residential and Commercial Rent Per Calendar Monday: £35,459

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