FOR SALE BY ONLINE AUCTION WEDNESDAY 26TH FEBRUARY 2025 AT 9AM - ***UNIQUE OPPORTUNITY TO ACQUIRE A SUBSTANTIAL RESIDENTIAL/COMMERCIAL BUILDING LOCATED AT 11-17 MERRY STREET, MOTHERWELL***OVER 2 FLOORS OF A TRADITIONAL TENEMENT BUILDING***4 HUGE RESIDENTIAL FLATS***REQUIRING FULL RENOVATION***
We are delighted to present a unique opportunity to acquire a substantial renovation project located at 11-17 Merry Street, Motherwell. This prominent property offers a versatile space ready for renovation and upgrading. Formally used as a solicitors office.
***PROPERTY HIGHLIGHTS***
***LOCATION*** - Situated on the bustling Merry Street, the property benefits from high footfall and excellent visibility. The area is a well-established commercial hub, attracting both local residents and visitors.
***SIZE*** - The property encompasses a generous floor area, providing ample space for traditional or modern open plan layout.
***VERSATILITY*** - The property's adaptable layout suits a range of ideas for a developer.
***FEATURES*** - The premises is ready as a blank canvas for visionary developers to plan and profit from.
***INVESTMENT POTENTIAL*** - Merry Street has a history of successful businesses, with properties in the vicinity showing strong performance. For instance, a well-established newsagent on Merry Street has been operating successfully for over two decades, indicating the area's commercial viability.
***STRATEGIC LOCATION*** - Proximity to key transport links and central amenities enhances accessibility for commuters
***GROWTH POTENTIAL*** - The thriving local economy and ongoing developments in Motherwell present opportunities great demand for home owners and investors.
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 7 Fortrose Gardens, Newarthill, Motherwell, ML1 5UL - SOLD Nov'24 - £385,000
- 79 Burns Crescent, Newarthill, Motherwell, ML1 5WG - SOLD Nov'24 - £329,995
- 17 Carrbridge Crescent, Newarthill, Motherwell, ML1 5UZ - SOLD Nov'24 - £315,000
***Motherwell is a town in North Lanarkshire, Scotland, United Kingdom, south east of Glasgow.***It has a population of around 37,000.***Motherwell, North Lanarkshire, Scotland has many amenities, including parks, sports facilities, shopping, and places to eat and drink.***Motherwell is served by a good number of primary and secondary schools***The town has three stations, a main railway station (known simply as Motherwell), Airbles and Shieldmuir. The main station runs on the West Coast Main Line from Glasgow to London and on the East Coast Main Line via Edinburgh and Newcastle, and is located next to Motherwell Shopping Centre.***Motherwell is very accessible, as it is right next to the M74 motorway beside the River Clyde. This road leads to Cumbria on the Anglo-Scottish border, where it becomes the M6. It is also about 3 miles (5 km) drive from the M8 motorway, between the two largest cities of Scotland, Glasgow and Edinburgh.***There are a number of different bus companies that travel through the town to various different locations. Since the M74 Extension has been completed, access to Glasgow Airport has become easier.***The airport is approximately 16 miles (26 km) away from Motherwell. Edinburgh Airport is further away, at 31 miles (50 km), and can be reached by the M8.***
GUIDE PRICE - £110,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
UNIQUE OPPORTUNITY TO ACQUIRE A SUBSTANTIAL PROPERTY LOCATED AT 11-17 MERRY STREET, MOTHERWELL
REQUIRING FULL RENOVATION
OVER 2 FLOORS OF A TRADITIONAL TENEMENT BUILDING
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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