Tenanted Commercial Property LOT 109

5-7 Strait Path, Banff, Aberdeenshire, AB45 1AD
GUIDE PRICE

Deadline for Offers

05 March 2021, 4pm

Bidding Closes in

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

Description

Full Address: 5-7 Strait Path, Banff, Aberdeenshire, AB45 1AD

**PRIME COMMERCIAL INVESTMENT OPPORTUNITY** Tenanted retail units located within the popular Banff town centre. Settled tenant paying £450pcm (£5,400 per annum). POTENTIAL TO SPLIT INTO 2 UNITS.

Property was previously 2 separate shops and could easily be split to form 2 independent properties giving a realistic potential total annual income of up to £9,600 per annum.

Property is positioned on the main connecting street between the Town’s car parks and the epicentre of the High Street’s main retailing pitch with national & local operators***High Footfall Location

Settled tenant in place. Currently open and trading on registered lease running from October 2016 until October 2021. PRIME TRADING POSITION with popular town centre.

Positioned within the vibrant town of Banff in Aberdeenshire. Strong regional economy benefiting from Renewable Energy, Whisky, Oil & Gas, Agriculture & Tourism. Excellent properties with Strong Letting potential

**PRIME COMMERCIAL INVESTMENT OPPORTUNITY** Tenanted retail units located within the popular Banff town centre. Settled tenant paying £450pcm (£5,400 per annum). POTENTIAL TO SPLIT INTO 2 UNITS. Property was previously 2 separate shops and could easily be split to form 2 independent properties giving a realistic potential total annual income of up to £9,600 per annum. Property is positioned on the main connecting street between the Town’s car parks and the epicentre of the High Street’s main retailing pitch with national & local operators***High Footfall Location. Settled tenant in place. Currently open and trading on registered lease running from October 2016 until October 2021. PRIME TRADING POSITION with popular town centre.

Positioned within the vibrant town of Banff in Aberdeenshire. Strong regional economy benefiting from Renewable Energy, Whisky, Oil & Gas, Agriculture & Tourism. Excellent properties with Strong Letting Potential***Nearby Occupiers include M & Co, Banks, Opticians, Scottish Hydro & Post office*** This high demand property would be ideal for an investor or owner occupier looking for affordable & prominent property** Banff is a vibrant town located on the coast of Aberdeenshire which is one of the fastest growing regions in Scotland. The area has a strong economy based on major industries including: Oil & Gas off the North Coats of Scotland, Agriculture, Whisky distilling, Renewable energy & Tourism.

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Tenancy Details

Type of Agreement: Basic Lease
Length: Oct 2021
Rent: £5,400 per year / £450 per month
Yield: 16% (approx)
Tenant: Company
Notes:

Document Downloads

  LEGAL PACK (Pending)

Location

Pricing Information & Bidding

Guide Price: £33,666


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 = 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: 05 March 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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