Tenanted Commercial LOT 78

5 East Church Street, Buckie, AB56 1EX
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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Highly prominent TOWN CENTRE retail unit set over 4 floors. *Currently LET FOR £16,000 PER ANNUM* Large commercial/ retail unit in PRIME position within popular retail parade.

GREAT INVESTMENT OPPORTUNITY with immediate rental income of £16,000 per annum until 2028. Sure to appeal to investors looking for a High yielding investment in Buckie Town centre.

Impressive commercial unit Comprises ground floor shop, with ancillary accommodation the basement, first and second floors. Gross internal Floor area extends to 10,784 sq ft (1,001.80 sq m).

100% PRIME SPOT. SUPER SPOT NEAR AMPLE NATIONAL TRADERS. The property is located in the town of Buckie on the North East Coast of Scotland which has a population of around 8,000 people within Moray.

Close to Semi-Chem, Superdrug, Co-operative and Nationwide. Buckie is located within the heart of the Vibrant & highly sought after Aberdeenshire Coastal region with Strong regional economy.

Highly prominent TOWN CENTRE retail unit set over 4 floors. *Currently LET FOR £16,000 PER ANNUM* Large commercial/ retail unit in PRIME position within popular retail parade. GREAT INVESTMENT OPPORTUNITY with immediate rental income of £16,000 per annum until 2028. Sure to appeal to investors looking for a High yielding investment in Buckie Town centre. The property comprises a substantial full building over 3 floors with basement of traditional stone construction surmounted by a pitched roof overlaid in slate. The unit offers a prominent frontage, with extensive display windows and access gained via a double door, all of aluminium framed and glazed construction. Internally the property generally features floors overlaid in carpet and lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. The property benefits from partitions erected to the rear forming W.C facilities and storage with access to the basement and upper floors gained by way of a single staircase. The upper floors offer ancillary storage and office space. GREAT INVESTMENT OPPORTUNITY with immediate rental income of £16,000 per annum until 2028. Sure to appeal to investors looking for a High yielding investment in Buckie Town centre. Impressive commercial unit Comprises ground floor shop, with ancillary accommodation the basement, first and second floors. Gross internal Floor area extends to 10,784 sq ft (1,001.80 sq m). 100% PRIME SPOT. SUPER SPOT NEAR AMPLE NATIONAL TRADERS. The property is located in the town of Buckie on the North East Coast of Scotland which has a population of around 8,000 people within Moray. Close to Semi-Chem, Superdrug, Co-operative and Nationwide. Buckie is located within the heart of the Vibrant & highly sought after Aberdeenshire Coastal region with Strong regional economy.

100% PRIME SPOT. SUPER SPOT NEAR AMPLE NATIONAL TRADERS. The property is located in the town of Buckie on the North East Coast of Scotland which has a population of around 8,000 people within Moray. Located circa 64 miles north-west of Aberdeen and 55 miles east of Inverness and is accessed via the A98. Railway stations close to Buckie are at Keith, 15 miles away, and Elgin, 17 miles from town. Buckie is located within the heart of the Vibrant region with Strong regional economy benefiting from Renewable Energy, Whisky, Oil & Gas, Agriculture, Tourism & Shipyard.

Full Address: 5 East Church Street, Buckie, AB56 1EX

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Tenancy Details

Type of Agreement: Basic Lease
Length: until April 2028
Rent: £16,000 per year / £1,333 per month
Yield: 17% (approx)
Tenant: Private Individual
Notes: subjects are held on a license to Taylorz (2023) Ltd. with a passing rent of £16,000, expiring in April 2028.

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Pricing Information & Bidding

Opening Bid: £94,000

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

  • 10% Deposit
  • Buyers Fee = 3% 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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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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