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Description

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

*** PRIME COMMERCIAL INVESTMENT PROPERTY *** currently a café / take away. Realistic rental income of £1050pm giving an income of £13000pa, Potentially HIGH YIELD OF OVER 15% if achieved for guide.

Rateable Value £3,500 TAKE AWAY and CAFE IN IMMACULATE CONDITION and has recently benefited from being upgraded. Floor space of subjects for sale is approx 34.97 sqm.

Property comprises Service are with counter/till and room for several tables. full equipped Kitchen and store room. an EXCELLENT, PRIME retail spot. RENTAL POTENTIAL £10-13,000 P/A. *CLASS 3 CONSENT*

Take-Away and Cafe offer further potential in what is a well populated residential area along with being very popular with tourists and people passing through the town.

IDEAL INVESTMENT PURCHASE PRICED TO SELL FAST. The property is well located for parking with on street parking on the High Street and a larger long stay area in the nearby Market Square.

*** PRIME COMMERCIAL INVESTMENT PROPERTY *** currently a café / take away. Realistic rental income of £1050pm giving an income of £13000pa, Potentially HIGH YIELD OF OVER 15% if achieved for guide. Rateable Value £3,500 TAKE AWAY and CAFE IN IMMACULATE CONDITION and has recently benefited from being upgraded. Floor space of subjects for sale is approx 34.97 sqm. Property comprises Service are with counter/till and room for several tables. full equipped Kitchen and store room. an EXCELLENT, PRIME retail spot. RENTAL POTENTIAL £10-13,000 P/A. *CLASS 3 CONSENT* Excellent access for both local and passing trade. The town is served by the main A697 and A698 trunk roads. Currently set up as a café premises the property benefits from a food preparation area and servery along with customer WC. Seating are for about 15.

Coldstream, often referred to as the gateway to Scotland, enjoys idyllic position on the banks of the River Tweed and is a popular with those enjoying life in the Borders as well as being a magnet for visitors looking to take advantage of the wide variety of outdoor pursuits on offer. There are beautiful walks along the riverside and in nearby Hirsel Country Estate and the local area also offers golf, horse riding and fishing amongst other sporting attractions. Coldstream itself is well known as the gateway to Scotland and is set on the banks of the River Tweed with beautiful walks along the riverside. in the nearby Hirsel Country Estate. The Northumberland National Park is on the doorstep and the beautiful beaches extending along the Berwickshire coast are also within easy reach. Coldstream town offers good primary schools and easy access to secondary schools, a variety of shops and is well placed for easy commuting to both Edinburgh and Newcastle via the mainline station at Berwick upon Tweed only 20 minutes away. The town has a comprehensive range of local shops and services. the property is well placed for the eastern borders and North Northumberland being equidistant from larger centres of Kelso and Berwick, both of which have a good range of retail, banking and leisure facilities. Berwick upon Tweed has an East coast railway station providing regular services to the North, Edinburgh and to the South, Newcastle.

Full Address: 41 High Street Commercial Investment, Coldstream, Scottish Borders, TD12 4DL

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Pricing Information & Bidding

Opening Bid: £72,000

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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = % 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: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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