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Description

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

OUTSTANDING INVESTMENT OPPORTUNITY. Commercial ground floor unit in HIGHLY PROMINENT TRADING POSITION. Low rent £16,000 pa (rent review due) with 5 years unexpired. VAT FREE INVESTMENT

VAT FREE Prime HADDINGTON Town Centre LADBROKES Low rent £16,000 Lease Extended to August 2029 (market rent £22-23,000 pa outstanding AUG 24 rent review) FRI lease.

Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in HADDINGTON Town Centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY.

FRI to Ladbrokes with 5 years unexpired. Long term hot food / take away / restaurant potential subject to planning.

Market Street in Haddington, East Lothian, Scotland, is a central street in the historic market town, reflecting its rich past and serving as a hub for local commerce.

OUTSTANDING INVESTMENT OPPORTUNITY. Commercial ground floor unit in HIGHLY PROMINENT TRADING POSITION. Low rent £16,000 pa (rent review due) with 5 years unexpired. VAT FREE INVESTMENT VAT FREE Prime HADDINGTON Town Centre LADBROKES Low rent £16,000 Lease Extended to August 2029 (market rent £22-23,000 pa outstanding AUG 24 rent review) FRI lease. Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in HADDINGTON Town Centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY. FRI to Ladbrokes with 5 years unexpired. Long term hot food / take away / restaurant potential subject to planning. Market Street in Haddington, East Lothian, Scotland, is a central street in the historic market town, reflecting its rich past and serving as a hub for local commerce.

The property is situated on the south side of Market Street at its junction with Newton Port within the town of Haddington. Haddington is a town in East Lothian, Scotland. It is located approximately 20 miles east of Edinburgh. Haddington is a historic town in East Lothian, Scotland, known for its rich heritage and beautiful surroundings. The town dates back to the medieval period and features several notable historical sites, including St. Mary's Church, which has impressive architecture and is a significant landmark. Haddington served as the county town of East Lothian and has a charming town centre with a mix of traditional shops, cafes, and restaurants. The town is also home to the Haddington Golf Club and various parks and green spaces, making it a pleasant area for outdoor activities Haddington is well-connected to Edinburgh and the surrounding areas via road (A1) and bus services. Market Street is easily accessible to both locals and visitors, with parking options nearby for those visiting the town center.

Full Address: 64-65 Market Street, Ladbrokes Investment, Haddington, EH41 3JG

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 Years
Rent: £16,000 per year / £1,333 per month
Yield: 8% (approx)
Tenant: Company
Notes: Low rent £16,000 Lease Extended to August 2029 (market rent £22-23,000 pa outstanding AUG 24 rent review) FRI lease.

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Pricing Information & Bidding

Opening Bid: £199,000

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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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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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: 07 November 2024, 10am-3pm
Type: Timed Online Auction

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