66-68 High Street, Let Barbers Investment, Lanark, ML11 7ES

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 11 Oct 2026.
• Guide cut from £88,000 to £81,000 (8% lower), 18 Oct 2026.

Future Property Auctions' record

About the lot

Freehold industrial lot in Lanark. Producing £12,000 a year, a 13.0% gross yield at the guide.

Commercial Investment. The property comprises a mid terraced 2 storey commercial premises. Neighbouring occupiers include Greggs, Specsavers, Poundland, Costa Coffee & RBS. The property is held on a full repairing and insuring head lease unit until 5th August 2031 at a passing rent of £12,000p.a.x with a tenants option to determine in 2029. The property has been calculated to extend to the following internal area. Ground: 76.18sqm (820sq ft). 1st: 23.18sqm (250sq ft). Total: 99.36sqm (1,070sq ft). Total: 99.36sqm (1,070sq ft). The property has been decorated in accordance with the tenants corporate specifications with laminated timber flooring, suspended acoustic tile ceiling with recessed L.E.D panels. The first floor is accessed via a staircase to the rear offering ancillary storage facilities. The property comprises a mid terraced 2 storey commercial premises within a larger commercial parade. The property offers a prominent display frontage with partially recessed entrance door. The property has been decorated in accordance with the previous tenants corporate specifications with laminated timber flooring, suspended acoustic tile ceiling with recessed L.E.D panels. The first floor is accessed via a staircase to the rear offering ancillary storage facilities. The property has been calculated to extend to the following internal area. Ground: 76.18sqm (820sq ft). 1st: 23.18sqm (250sq ft). Total: 99.36sqm (1,070sq ft). Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: 5 Years. Rent: £12,000 per year / £1,000 per month. Yield: 15% (approx). Tenant: Private Individual. Notes: The property is held on a full repairing and insuring head lease unit until 5th August 2031 at a passing rent of £12,000p.a.x with a tenants option to determine in 2029. The landlord holds a rent deposit of £3,000. The tenant operates multiple units throughout Lanarkshire, with 2 in Lanark town. The subjects are situated on the South side of High Street, East of its junction with Wellgate within the main retail parade of Lanark’s town centre. Lanark is a busy market town located approximately 20 miles south east of Glasgow and 30 miles south west of Edinburgh. The town has a resident population of c.10,000 with a further catchment of 55,000 persons. The subjects benefit from being adjacent to a large public car park situated to the rear of the demise with ample access to the High Street. Neighbouring occupiers include Greggs, Specsavers, Poundland, Costa Coffee & Royal Bank of Scotland.