Map & Location
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Special Terms of Sale
-
Deposit (?) 5% of Sale Price
-
Buyers Fee
(?) 1% of Sale Price (Minimum of £3250 +vat)
Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
8,626 sq ft Modern Retail Unit let to Anglo Global Properties One Limited t-a Peacocks at £50,000 pa. Fantastic long term investment opportunity.
Peacocks occupied since 2018. FRI terms with SoC. Assignation 2021 to Peacocks newco following 2020 insolvency and sale of brand and assets.
Aberdeen is located 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east. The A90 is close-by and the town is served by a mainline Abellio ScotRail train station.
*IMMEDIATE INCOME PRODUCING LONG TERM INVESTMENT*
Super size and location. Modern retail investment with great parking and excellent central location.
Montrose is located half way between Aberdeen and Dundee and is located on the beautiful east coast shoreline. It has a major station on the east coast rail line, situated a 5 minute walk from the property, offering direct rail links to Aberdeen or Dundee city centres within 40 minutes, Edinburgh or Glasgow within 2 hours and even direct services to and from London, making it an ideal commuting location or that perfect weekend retreat.
The town contains all major amenities, including large supermarkets as well as traditional award winning butchers, fishmongers and bakeries. It also contains two links golf courses, a local sailing club, rugby club, football team, tennis courts as well as a recently constructed gym and swimming pool. A 10 minute walk from the property will take you onto the 3 miles of continuous golden sand that is Montrose beach as well as beautiful walks around the Montrose Basin – a bird spotters paradise. The local area has numerous forest walks and a short drive will take you into the spectacular glens and mountains of the cairngorms. In addition it is a great music venue, holding an annual festival which has welcomed acts including Status Quo, Madness, the Beach Boys, Brian Adams, Jools Holland, to name but a few.
Full Address: 73-75 High Street, Peacocks, Montrose, DD10 8JF
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 19/09/2028
Rent: £50,000 per year / £4,167 per month
Yield: 15% (approx)
Tenant: Company
Notes: Peacocks occupied since 2018. FRI terms with SoC. Assignation 2021 to Peacocks newco following 2020 insolvency and sale of brand and assets. 4 months rent free from 26-04-2021. Further 2 months rent free if 2023 tenant break not exercised.
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Legal Pack (Available)
Pricing Information & Bidding
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).
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SPECIAL Terms of Sale
- 5% Deposit
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
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Auction Details
Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction
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