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Description

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

TENANTED INVESTMENT OPPORTUNITY*** Currently LET to The Card Factory on FRI LEASE at £16,000 PER ANNUM located within Fraserburgh Town Centre. Fantastic city center location with excellent tenant

Internally the property comprises; main sales area with partition erected to the rear forming w.c facilities , tea prep area and office.

PROMINENT FRONTAGE***Ground floor extends to approx. 101.82 sq.m (1,096 sq.ft). EXCELLENT TRADING LOCATION*** with HIGH volumes of passing traffic.

Neary occupiers include Subway, Santander, Semichem, Boots, Superdrug, Cancer Research UK and Iceland. HIGH VOLUMES OF PASSING TRADE***

Fraserburgh is located approx. 40 miles north of Aberdeen and 17 miles north of Peterhead. The town is the second largest in Aberdeenshire with a population circa 13,000.

TENANTED INVESTMENT OPPORTUNITY*** Currently LET to The Card Factory on FRI LEASE at £16,000 PER ANNUM located within Fraserburgh Town Centre. Internally the property comprises; main sales area with partition erected to the rear forming w.c facilities , tea prep area and office. PROMINENT FRONTAGE***Ground floor extends to approx. 101.82 sq.m (1,096 sq.ft). EXCELLENT TRADING LOCATION*** with HIGH volumes of passing traffic. Neary occupiers include Subway, Santander, Semichem, Boots, Superdrug, Cancer Research UK and Iceland. HIGH VOLUMES OF PASSING TRADE*** Tenant: Sportswift Ltd t/a The Card Factory. Passing Rent: £16,000 P/A. Tenant info: Card Factory are the leading specialist retailer of greeting cards, gift dressings and party products in the UK and now have over 850 stores in both the UK and Ireland., with new stores opening every year. For further information visit www.cardfactory.co.uk.

Fraserburgh is located approx. 40 miles north of Aberdeen and 17 miles north of Peterhead. The town is the second largest in Aberdeenshire with a population circa 13,000.

Full Address: 19 Broad Street, Card Factory, Fraserburgh, AB43 9AE

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £16,000 per year / £1,333 per month
Yield: 21% (approx)
Tenant: Company
Notes: Card Factory are the leading specialist retailer of greeting cards, gift dressings and party products in the UK and now have over 850 stores in both the UK and Ireland., with new stores opening every year. For further information visit www.cardfactory.co.uk.

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Pricing Information & Bidding

Opening Bid: £75,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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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 £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 31 October 2024, 10am-3pm
Type: Timed Online Auction

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