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Description

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

1,915 sq ft Modern Retail Unit with car park let to Dominos Main UK Property Company at £17,000 pa. Fantastic long term investment opportunity.

New letting 2017. FRI terms. Tenant is main UK property company of Dominos Pizza. 5% uplift at five yearly reviews next break option 19/06/2027.

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: Unit 3 New Wynd, Dominos, Montrose, DD10 8AD

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2037
Rent: £17,000 per year / £1,417 per month
Yield: 8% (approx)
Tenant: Company
Notes: New letting 2017. FRI terms. Tenant is main UK property company of Dominos Pizza. 5% uplift at five yearly reviews next break option 19/06/2027.

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Pricing Information & Bidding

Opening Bid: £204,000

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).

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.

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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 £1,750 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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Buy Now Price = £240,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £240,000 - CLICK HERE

Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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