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Guide Price
£48,000


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09 May 2024, 3pm

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Description

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

*** PRIME COMMERCIAL INVESTMENT OPPORTUNITY *** Retail unit in the busy seaside town of Arbroath, Angus. Prime position close to busy harbour with lots of passing footfall. Rental income £5200 pa.

Rental income of £433 per month, giving an annual income of £5200, this gives an EXCELLENT YIELD OF approx. 12% if achieved for guide price. Tenant located in property for 4 years and happy to stay.

PROPERTY CONSISTS OF: main front room, office and rear room, toilet wash basin. Large Double frontage window displays. Located close to busy harbour area, with close by. RV £3650

PERFECT INVESTMENT PROPERTY Ground Floor Retail/Commercial Unit. Excellent Display Frontage. SUPER SIZE AND LOCATION.

Arbroath on the North East coast just a short distance from Dundee, with many historic attractions and a picturesque harbour.

*** PRIME COMMERCIAL INVESTMENT OPPORTUNITY *** Retail unit in the busy seaside town of Arbroath, Angus. Prime position close to busy harbour with lots of passing footfall. Rental income £5200 pa. Rental income of £433 per month, giving an annual income of £5200, this gives an EXCELLENT YIELD OF approx. 12% if achieved for guide price. Tenant located in property for 4 years and happy to stay. PROPERTY CONSISTS OF: main front room, office and rear room, toilet wash basin. Large Double frontage window displays. Located close to busy harbour area, with close by RV £3650 Property has currently been used as a gymnasium, would suit most Retail purposes or my be suitable for cafe/fast food outlet(subject to investigating and gaining necessary consents). PERFECT INVESTMENT PROPERTY Ground Floor Retail/Commercial Unit. Excellent Display Frontage. SUPER SIZE AND LOCATION.

Arbroath on the North East coast just a short distance from Dundee, with many historic attractions and a picturesque harbour. Property next to the beautiful Victoria Park and a short walk to the beach. This property is only 30 minutes drive from Dundee and is only 15 minutes by train. Arbroath offers a diverse range of shops, bars and restaurants, with the famous Arbroath smokies available on the beachfront, which are renowned throughout Scotland. With Aberdeen just over an hour away, tenants are likely to work in the fishing, oil and services industry. For the family there are good primary and secondary schools along with Angus College Further Education Institute. Business people have discovered that Arbroath is ideal for commuting to Dundee providing access to main A90 road north and south. The town has excellent sports and leisure facilities, complemented with many local clubs, golf, tennis, football, rugby and bowls are all available.

Full Address: 78 Marketgate, Arbroath, Angus, DD11 1AT

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Tenancy Details

Type of Agreement: Basic Lease
Length: Rollng
Rent: £5,200 per year / £433 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Guide Price: £48,000


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 = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

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