Wishaw's Commercial Hotel put up for sale with £1.1 million asking price

dailyrecord.co.uk:

The Commercial Hotel in Wishaw has been put up for sale with its owners looking for a cool £1 million for the property. The venue, which has been a fixture in the town for over a century, has entered the market for offers over £1.1 million according to the Scottish Business Agency website.It is described as a multi-use venue consisting of 11 en-suite rooms, a public bar and a restaurant that seats 80.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android The website also notes that the Commercial is a “rarely available, prime hospitality business and substantial property”.It adds that a “unique feature of this hotel is that it had its very own nightclub with a capacity of around 250 people and a 3am licence”.The nightclub, the Live Lounge, closed in January of this year leaving ‘massive potential’ for the space.It continues: “This central location in the Clyde Valley makes Wishaw a convenient place for residents and visitors traveling between Scotland’s two largest cities.“Wishaw is well-connected by road and rail, making it easily accessible from both Glasgow and Edinburgh.“As of the latest estimates, Wishaw has a population of around 30,000 people.

The town has experienced moderate growth and demographic changes over the years, reflecting broader trends in the region.” Last year, North Lanarkshire Council gave the