A superb freehold investment opportunity.
The site comprises of; 4-5 shops, 6 flats, advertising hoading and car park.
Let at £80,346 per annum.
The property is believed to offer over 5000 sq ft of accommodation with a 95 foot frontage.
To the ground floor are 3x single retails shop and 1x double shop unit -
5 - Moo Lab Let at £833 pcm
7-9 - Let at £800 pcm
11 - Best Mini Mart Let at £650 pcm
13 - Fone and Smoke Let at £650 pcm
Total Commercial Income is £35,196 per annum.
To the upper floors are 6x large self contained flats with access to the rear. All fully let on assured shorthold tenancies -
Flat 5A - Let at £600 pcm - 3 BEDROOM FLAT
Flat 7A - Let at £650 pcm - 3 BEDROOM FLAT
Flat 9A - Let at £675 pcm - 4 BEDROOM FLAT
Flat 11A- Let at £600 pcm - 3 BEDROOM FLAT
Flat 13A - Let at £450 pcm - 1 BED FLAT
Flat 13B - Let at £475 pcm - 1 BED FLAT
Total Residential Income is £41,400 per annum.
Advertising Hoarding - situated on the left hand gable wall. Let at £3750 per annum.
To the side is a shared car park area.
Total Income of £80,346 Per annum
Situated in a busy parade surrounded by other commercial premises and residential area.
A super investment opportunity with income from day one and offering a yield of over 10%.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
We believe that this property may be of a type that qualifies for Stamp Duty Land Tax/Land and Buildings Transaction Tax/Land Transaction Tax relief (as applicable). We work with a tax consultancy who can provide expert tax advice in this regard. Free consultations are available. You will only be charged a fee for this service based on any actual tax savings made, on a percentage basis. We in turn will receive a fee from the provider in exchange for referring you. Please contact us if you are interested for further details.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
