Tenanted Commercial Property LOT 12

 The Rowans, High Street, Errol, PH2 7QJ
OPENING BID

Timed Online Auction

29 January 2021, 10am-4pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address:  The Rowans, High Street, Errol, PH2 7QJ

***RARELY AVAILABLE DEVELOPMENT OPPORTUNITY*** Requires conversion excellent condition, Ideal investment for developer/builder, 2,687 Sq Ft PLANNING in place for conversion to flats HUGE OPPORTUNITY.

Property consists - Let Pharmacy, with shop area, rear toilet / storage, two property attached to the rear with plans in place for conversion to flats. Further benefits from garage, garden & parking

COMMERCIALL OPPORTUNITY/RESIDENTIAL DEVELLPMENT. Pharmacy let at £9600 per annum until 2024. planning in place to convert the Rowans into a 2 bed flat and 3 bed flat. Previously a Medical centre

Residential flats potential for resale £90,000 to £110000 each based on local sales evidence. With a rental of £800 pcm, £9600 yearly giving an excellent yield of over 6% if achieved for guide price.

Errol is a village in Perth and Kinross, Scotland about halfway between Dundee and Perth. It is one of the principal settlements of the Carse of Gowrie. It lies just north of the River Tay.

***RARELY AVAILABLE DEVELOPMENT OPPORTUNITY*** Requires conversion excellent condition, Ideal investment for developer/builder, 2,687 Sq Ft PLANNING in place for conversion to flats HUGE OPPORTUNITY. Property consists - Let Pharmacy, with shop area, rear toilet / storage, two property attached to the rear with plans in place for conversion to flats. A former private dwelling house that has been converted and extended to form the a Medical Centre and Pharmacy. The original building comprises a two storey corner property of traditional construction; this building extends at the rear in to a full storey extension of similar construction. The property has been extended in more recent times with the construction of a single storey brick-built link under a flat roof. The final rear section is also a single storey structure having brick/block walls rendered externally under a pitched and slated roof. There are three separate entrances to the various sections of the building; the Pharmacy Shop is located on the ground floor to the front of the building and has a corner entrance from High Street. The upper floor accommodation within the front building has a separate entrance door within the west gable while the Medical Centre to the rear also has an independent entrance door again on the west gable. There is an area of garden/amenity ground to the rear and a dedicated parking area together with a single car domestic garage; vehicular access is from North Bank Dykes. Internally the Pharmacy is suitably fitted out in connection with its current use with this area benefiting from an internal link to the upper floor. The offices at this upper level have a separate external access with this accommodation occupied in part by the former Medical Centre and other local Health Service providers. The former Medical Centre is contained partly within the rear section of the ground floor of the main building but predominately within the two single storey rear extensions. This purpose built surgery accommodation is finished to a modern contemporary standard with a generally convenient internal layout and modern finishes. Accommodation We would briefly summarise the existing internal accommodation as follows:- Pharmacy – 51.8 sq m (557 sq ft) Ground Floor Retail Shop, Dispensary/Preparation, Staffroom and shared Rear Entrance Hall. Offices – 97.74 sq m (1,050 sq ft) Ground Floor Shared Entrance Vestibule and Hall. First Floor Half Landing, Staff Room and Store. Upper Landing, Four Offices/Stores, Doctors’ Room/Library and Staff Toilet. Medical Centre – 100.70 sq m (1,080 sq ft) Ground Floor Entrance Vestibule, Hall Reception/Files Office, Waiting Room, Inner Hall, Two Surgeries, Treatment Room and Toilet. COMMERCIALL OPPORTUNITY/RESIDENTIAL DEVELLPMENT. Pharmacy let at £9600 per annum until 2024. planning in place to convert the Rowans into a 2 bed flat and 3 bed flat. Previously a Medical centre Residential flats potential for resale £90,000 to £110000 each based on local sales evidence. With a rental of £800 pcm, £9600 yearly giving an excellent yield of over 6% if achieved for guide price.

Location Errol is a small village in the Carse of Gowrie some 10 miles east from Perth and a similar distance west from Dundee; it lies to the south of the A90 linking the two cities, close to the north bank of the nearby River Tay. The premises lie off the north side of High Street in the centre of the village and surrounding properties are in mixed use being predominantly residential with other retail and business uses nearby. The village acts as a popular commuter area with the local population having expanded in more recent times with the construction of a number of recent residential developments. The usual amenities and facilities are available in Errol with the main centres of Perth and Dundee within easy travelling/commuting distance. Errol is surrounded by agricultural flat fields and has a prominent attractive location above the Firth of Tay within this setting. Errol is known for its reeds, which used to be collected up to a few years ago to make thatched roofs.[4] These reeds grow in the banks of the River Tay and act as home to a fairly uncommon bird called the bearded tit. Errol has a large church, built in 1831, known as the "Cathedral of The Carse" which can be seen from most parts of the village and from far around. Errol lies on the National Cycle Network NCN 77 from Dundee to Pitlochry and is situated about 1 mile (1.5 kilometres) from the A90 Perth to Dundee Road. This makes it popular for people who commute to work.

Show More

Tenancy Details

Type of Agreement: Basic Lease
Length: 2024
Rent: £9,600 per year / £800 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes:

Document Downloads

  LEGAL PACK (Pending)

Location

Pricing Information & Bidding

Opening Bid: £108,750

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

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.

Submit Offer Now

Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 29 January 2021, 10am-4pm
Type: Timed Online Auction

View Full Auction Catalogue