BID NOW AVAILABLE - You can submit an offer now on this lot for the seller to consider...

Lot 22a

Guide Price: £35,000 - Bid Now

6 Nelson Street, Largs, KA30 8LW


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Key Features:

Single fronted RETAIL SHOP Premises extending to 36.02 sq.m2 (428 SQ FT) comprising main entrance, retail sales area and separate back kitchen with toilet facilities. Presented in excellent order at realistic guide price - LATE ENTRY AT LOW GUIDE PRICE - RENTAL INCOME: £4,800 per annum - Guaranteed Income *** FIRST SHOP ON NELSON STREET FACING NARDINI'S CAFE NEAR TO WATERFRONT ***


  • Currently LET for use as a garment repair and alterations business on an FRI lease until 19 June 2023 at an annual passing rent of £4,800 P/Annum to the same tenant who has been in occupation since June 2014
  • Single fronted shop premises at 6 Nelson Street extending to 40.69 sq. M (438 sq. ft) comprising retail sales area to the front and back office/store and kitchen area with toilet. Property is currently tenanted and all payment/rents up to date. Freehold Commercial Sale
  • Prestwick and Glasgow International Airports are also located within 25 miles of the town. UNIQUE with PROPERTY QUALIFYING FOR 100% RATES RELIEF THEREFORE LIKELY TO APPEAL TO SMALL BUSINESSES. Only 30 miles from Glasgow city centre. Near Costa Coffee, Farmfoods, Bank of Scotland, TSB Bank, Clydesdale Bank, Tesco Metro, Greggs the Bakers and Boots the Chemist
  • 100 Yards from the Main Street through Largs & 50 yards from Nardini's /shorefront attractions *** High footfall Area *** Largs is currently experiencing high seasonal volume of tourists due to a number of local attractions and some major new housing projects that are now underway


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
Rateable Value

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- Click the above link to automatically search the latest records for this post code. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length Annual Lease
Rent £4,800 per year / £400 per month
Yield 13.7% (at guide price)
Tenant Private Individual
Notes: Settled TENANT on FRI lease agreement. All payments up to date

Further Details:

Single fronted shop premises extending to 36.02 sq.m2 (428 SQ FT) comprising main entrance, retail sales area and separate back kitchen with toilet facilities. Presented in excellent order at realistic guide price - FIRST RETAIL PREMISES ON NELSON STREET FACING NARDINI'S AND BESIDE St COUMBAS CHURCH - STRONG TRADING POSITION - RENTAL INCOME: £4,800 per annum - Guaranteed Income - Currently LET for use as a garment repair and alterations business on an FRI lease until 19 June 2023 at an annual passing rent of £4,800 P/Annum to the same tenant who has been in occupation since June 2014

Guide Price: £35,000 - Bid Now


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained...

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.

Map & Location:


Prestwick and Glasgow International Airports are also located within 25 miles of the town. UNIQUE with PROPERTY QUALIFYING FOR 100% RATES RELIEF THEREFORE LIKELY TO APPEAL TO SMALL BUSINESSES. Only 30 miles from Glasgow city centre. Near Costa Coffee, Farmfoods, Bank of Scotland, TSB Bank, Clydesdale Bank, Tesco Metro, Greggs the Bakers and Boots the Chemist. 100 Yards from the Main Street through Largs & 50 yards from Nardini's /shorefront attractions *** High footfall Area *** Largs is currently experiencing high seasonal volume of tourists due to a number of local attractions and some major new housing projects that are now underway

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    22 October 2018


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form