10 Woodstock Road, Lanark, South Lanarkshire, ML11 7DH

Description

Well-presented, income-generating commercial property prominently positioned on Woodstock Road in the heart of Lanark. The property is tenanted by Dignity Funeral Limited and offers secure rental income. The property is a purpose-fitted funeral parlour with reception, service rooms and office areas.

Accommodation

Funeral parlour of approximately 81.59 sq m (877 sq ft) over ground and first floors, including reception, service rooms and office areas.

Location

Prime roadside location on Woodstock Road in Lanark with excellent visibility and access. Immediately adjacent to Lanark Railway Station and Woodstock Medical Centre, and within walking distance of Lanark town centre and transport links.

Tenure / Property Information

Investment Analysis

The £70,000 guide is the only supplied price evidence. No completed sales, rental evidence, passing rent, auctioneer rent estimate or buyer premium amount is provided, so market value, investment yield and maximum bid cannot be reliably calculated. The property benefits from a long occupational lease to Dignity Funeral Limited until July 2037, but the lease rent, review terms and full repairing obligations require verification in the legal pack.

Investment Snapshot

Strategy Recommendation

Consider only as a long-term commercial income investment subject to confirming the passing rent, lease obligations, tenant covenant, rent-review provisions, title and all auction charges. Do not bid from the guide alone without the missing financial and legal evidence.

Works Required

No specific refurbishment works are identified in the supplied evidence. Allow for inspection, compliance checks and ongoing maintenance review only after examining the property and lease documentation; no monetary works allowance is supported.

Rental & Market Context

Potential BRRR Position

A BRRR analysis cannot be completed because no supported GDV, rent, refurbishment cost, refinance valuation or finance costs are provided. The long lease may support income investment, but refinanceability depends on the lease, rent, tenant covenant and lender terms.

Buy-to-Let Analysis

This is a tenanted commercial investment rather than a conventional residential BTL. The tenant and lease term are supplied, but the passing rent is not, so income yield, rent coverage and affordability cannot be established. The five-year rent reviews and lease expiry in July 2037 require review of the actual lease provisions.

Flip Analysis

A flip/resale surplus cannot be calculated. No comparable sales, GDV evidence, selling allowance or refurbishment budget is supplied, and the purpose-fitted funeral parlour may require specialist resale or reletting analysis.

Investor Risks & Due Diligence

• Passing rent and current rental yield are not supplied.

• Buyer’s Premium and any additional auction charges are unspecified.

• The lease, repairing obligations, insurance provisions, rent-review mechanism and tenant covenant require legal review.

• The property is purpose-fitted as a funeral parlour, which may limit alternative occupational demand if the existing tenancy ends.

• No EPC, council tax, heating or tenure information is supplied.

Recommendation

Consider only as a long-term commercial income investment subject to confirming the passing rent, lease obligations, tenant covenant, rent-review provisions, title and all auction charges. Do not bid from the guide alone without the missing financial and legal evidence.

Strategy Rating

Analysis Confidence

The property description, tenant identity, lease term, use and guide price are supplied, but rent, lease economics, tenure, fees, condition, comparables and valuation evidence are absent.