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6 Keith Street, Hamilton, ML3 7BL

Scotland

£45,000

Listed on 26/05/2026

Property Details

Bedrooms
4
Type
Commercial Property

Description

This vacant commercial space presents a unique investment opportunity in the heart of Hamilton. With excellent potential for revitalisation, it is ideal for investors or developers looking to transform a large premises into a thriving business hub. The flexibility of this property allows for diverse commercial applications, making it a fitting choice for both savvy investors and owner-occupiers eager to tailor the space to their specific requirements. Located within a bustling shopping arcade, the unit benefits from high foot traffic and proximity to residential areas, ensuring a constant influx of potential customers. The property offers significant development potential and is being sold at an attractive price point, further enhancing its appeal. Additionally, the property qualifies for business rates relief up to £1,400 per annum, which adds to its investment allure. With sales evidence indicating a vibrant market in the area, this is an opportune time to consider acquisition before the upcoming auction sale.

Investment Analysis

(ML3 area)
Area Average
£200/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
85
Average per month
Market Turnover
84%
Properties sold annually

Local Market Trend (ML3)

Area prices are rising by +7.2% over the last 12 months
3 year growth: +28.1%
5 year growth: +35.1%
Investment Disclaimer: Analysis based on ML3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

6 Keith Street, Hamilton, ML3 7BL
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£161
Based on a loan of £33,750 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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