Vacant Commercial Property LOT 211

9-10 Market Place, Eyemouth, TD14 5HE
GUIDE PRICE

Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 9-10 Market Place, Eyemouth, TD14 5HE

FANTASTIC MULTI PURPOSE SITE IN SCENIC VILLAGE OF EYEMOUTH IN THE SCOTTISH BORDERS. Lot comprises of vacant Shop with on ground floor and restaurant with class 3 hot food consents above

Property comprises: Super Corner frontage, main retail area, secondary retail area, storage area, toilet. Second floor, large restaurant area, bar, reception, 2 toilets, kitchen 3rd floor storage & WC

When both were let out, the rental income was 26208p.a. providing a yield of 12.5% if achieved for guide price. Seller open to offers call our sales office in Edinburgh on 0131 225-2299

IDEAL INVESTMENT PROPERTY Rateable Value for ground floor shop is 5,800 and the floors above is 12,700. Large premises with masses of potential

Eyemouth historically is a small fishing town and civil parish in Berwickshire, in the Scottish Borders area of Scotland. It is 2 miles (3.2 km) east of the main north-south A1 road.

FANTASTIC MULTI PURPOSE SITE IN SCENIC VILLAGE OF EYEMOUTH IN THE SCOTTISH BORDERS. Lot comprises of vacant Shop with on ground floor and restaurant with class 3 hot food consents above Property comprises: Super Corner frontage, main retail area, secondary retail area, storage area, toilet. Second floor, large restaurant area, bar, reception, 2 toilets, kitchen 3rd floor storage & WC Part of a traditional stone built end terraced building, surmounted by a pitched and slated roof. The unit has two separate main entrances and two separate fire escapes. The downstairs and basement unit is currently vacant but was previously utilised as a general convenience store and is roughly 2094sqft. The unit is accessed via a recessed entrance doorway which leads into the main open planned retail area, with a set of steps mid-unit, leading up to a further section of raised retail space. From here, a small corridor leads through into further retail space where a W/C can be found to the right, with two small office areas that can also be found to the rear of the unit. Recently class 3 consent has been granted to downstairs. The upstairs unit is currently let out as a fully functioning licensed Indian restaurant generating 1000pcm rental income until 2034. This unit is accessed via a recessed entrance doorway which leads to a set of stairs up to an open plan restaurant and bar with WC's and fully functioning kitchen. There is also access to the attic via stairs. When both were let out, the rental income was 26208p.a. providing a yield of 12.5% if achieved for guide price.

Eyemouth historically is a small fishing town and civil parish in Berwickshire, in the Scottish Borders area of Scotland. It is 2 miles (3.2 km) east of the main north-south A1 road. Eyemouth is easy to overlook. It stands on the North Sea coast of the Scottish Borders some eight miles north of Berwick-upon-Tweed. This makes it the first significant settlement you encounter after crossing the Scottish border if you are heading north. Except you don't actually encounter it, and for anyone driving up the A1 it is simply a name that appears on signposts as you pass by, a little inland. Though small, Eyemouth is a town that offers something for everyone and the slight detour needed to reach it amply repays the minimal effort required. What you find on arrival is partly a seaside resort and partly a working fishing harbour with a boatyard. Its attractions include an interesting layout, shops, beach, piers, a working harbour, and enough visitor attractions to keep you entertained

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Pricing Information & Bidding

Guide Price: £190,000


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 prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 16 April 2021, 4pm
Type: Deadline for Offers

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