Tenanted Commercial LOT 82

34 High Street, Banff, AB45 1AN
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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Substantial High Street Retail Premises (comprises approx. 621.60 Sq.M (6,691 Sq.Ft) currently LET on FRI LEASE until 24th August 2028*** IMMEDIATE RENTAL INCOME OF £16,000 PER ANNUM***

Town centre location close to the Museum of Banff. Nearby occupiers include McColl's, TSB, The Royal Mail and various independent shops, cafe's, restaurants and hotels. IDEAL INVESTMENT OPPORTUNITY.

Shop entrance with double window display. Prominent high visibility unit. HIGH FOOTFALL STREET with parking and benefits from prominent display frontage.

Situated in prominent location on the east side of Banff High Street, close to its junction with strait Path. The High Street forms part of the A98, being the main thoroughfare through Banff.

Ideally placed to capitalise on the high visitor numbers to the town. Banff is located 20 miles west of Fraserburgh and 45 miles north-west of Aberdeen

Town centre location close to the Museum of Banff. Nearby occupiers include McColl's, TSB, The Royal Mail and various independent shops, cafe's, restaurants and hotels. IDEAL INVESTMENT OPPORTUNITY. Shop entrance with double window display. Prominent high visibility unit. HIGH FOOTFALL STREET with parking and benefits from prominent display frontage. Ideally placed to capitalise on the high visitor numbers to the town. Banff is located 20 miles west of Fraserburgh and 45 miles north-west of Aberdeen.

Banff is an attractive coastal town with a population of 4,000, located on the west side of Banff Bay, at the mouth of the River Deveron, and lies opposite MacDuff, a fishing town of a similar size. Established in the 12th century and awarded Royal Burgh status, Banff has an historic central part which includes a wide variety of buildings dating from the 16th to the 20th centuries. The town has an extensive retail centre and is a popular summer tourist destination, forming part of the stunning Coastal Trail along the North-East coast. It has outstanding recreational facilities, including a high quality 18 hole golf course, a sailing marina, Duff House a magnificent Georgian property which is an outstation of the National Galleries of Scotland and salmon fishing. Banff is a vibrant town located on the coast of Aberdeenshire which is one of the fastest growing regions in Scotland. Banff is a coastal town in Scotland, located approximately 20 miles west of Fraserburgh and 45 miles north-west of Aberdeen. The property is situated on a prominent corner position on the east side of High Street, at it's junction with Strait Path, less than 0.2 miles to Banff Bay beach. Nearby occupiers include McColl's Royal Mail, and various independent shops, cafe's, restaurants and hotels. The area has a strong economy based on major industries including: Oil & Gas off the North Coats of Scotland, Agriculture, Whisky distilling, Renewable Energy and tourism.

Full Address: 34 High Street, Banff, AB45 1AN

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 24th August 2028
Rent: £16,000 per year / £1,333 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £136,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

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Buy Now Price = £160,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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