Tenanted Commercial Property LOT 150

78 High Street Former M and Co, Wick , KW1 4NB
GUIDE PRICE

Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

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

Description

Full Address: 78 High Street Former M and Co, Wick , KW1 4NB

Highly prominent TOWN CENTRE two storey retail unit. ***NO VAT PAYABLE***LET FOR £12,000 PER ANNUM until December 2023*** Large commercial/ retail unit in PRIME position within popular retail parade.

Former M & Co was previously Let at £40,000 per annum. VAT FREE PROPERTY***Unit extends to approx. 6,233 Sq.Ft (579.12 Sqm). Ground Floor 2,360 Sq.Ft (219.26 Sqm) First Floor 3,873 Sq.Ft (359.86 Sqm).

Impressive two storey commercial unit Comprises retail sales at ground floor with ancillary and storage accommodation at first floor level. ***ENTIRE BUILDING FOR SALE***

Prominent position on Wick High Street. Nearby occupiers include TSB, Ladbrokes and Semichem. ***NO VAT PAYABLE*** 100% PRIME HIGH STREET LOCATION.

Wick is located on Scotlandís north-east coast about 100 miles north of Inverness and 20 miles south-east of Thurso. Road access is via the A9/A99 & the town also enjoys rail services at Wick Station.

Impressive two storey commercial unit Comprises retail sales at ground floor with ancillary and storage accommodation at first floor level. ***LET FOR £12,000 PER ANNUM until December 2023*** ***ENTIRE BUILDING FOR SALE*** Former M & Co was previously Let at £40,000 per annum. VAT FREE PROPERTY***Unit extends to approx. 6,233 Sq.Ft (579.12 Sqm). Ground Floor 2,360 Sq.Ft (219.26 Sqm) First Floor 3,873 Sq.Ft (359.86 Sqm). Currently tenant pays no rent so new landlord can discuss a new lease or seek vacant possession. Prominent position on Wick High Street. Nearby occupiers include TSB, Ladbrokes and Semichem. ***NO VAT PAYABLE*** 100% PRIME HIGH STREET LOCATION. Wick is located on Scotlandís north-east coast about 100 miles north of Inverness and 20 miles south-east of Thurso. Road access is via the A9/A99 & the town also enjoys rail services at Wick Station.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2023
Rent: £12,000 per year / £1,000 per month
Yield: 10% (approx)
Tenant: Company
Notes: £12,000 Per Annum until 31st December 2023

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LEGAL PACK (Available)

Location

Pricing Information & Bidding

Guide Price: £120,000


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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