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Special Terms of Sale
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Buyers Fee
(?) 3% of Sale Price (Minimum of £2500 +vat)
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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
SUBSTANTIAL sized commercial investment LET to ROYAL BANK OF SCOTLAND on FRI LEASE - Guaranteed rent for next year at £11,000 per annum. IMMEDIATE RENTAL INCOME OF £11,000 PER ANNUM.
Let to Royal Bank of Scotland WITH signed minute of variation and extension till April 2025. Ground Floor and Basement commercial premises extending to approx. 1,446 Sq.Ft (134.3 Sq.M).
EXCELLENT TRADING LOCATION. Nearby occupiers include Co-Op supermarkets, Peacocks, Nationwide Building Society, Subway and Stephens the Baker.
The property is situated on the west side of High Street, Montrose south of its junction with New Wynd on the main retailing precinct within Montrose.
Located on the east coast of Scotland, approximately 30 miles north-east of Dundee and 38 miles south-west of Aberdeen.
SUBSTANTIAL sized commercial investment LET to ROYAL BANK OF SCOTLAND on FRI LEASE until December 2023*** IMMEDIATE RENTAL INCOME OF £11,000 PER ANNUM***
PROMINENT FRONTAGE onto BUSY HIGH STREET. Ground floor and basement extending to approx. 1,446 sq. ft (134.3 sqm)
EXCELLENT TRADING LOCATION*** Nearby occupiers include Co-Op, Peacocks, Nationwide Building Society, Subway and Stephens the Baker.
The property is situated on the west side of High Street, Montrose south of its junction with New Wynd on the main retailing precinct within Montrose.
Located on the east coast of Scotland, approximately 30 miles north-east of Dundee and 38 miles south-west of Aberdeen.
Let To R.B.S. - Expiry Dec 2024 - Passing GUARANTEED Rent: £11,000p.a.
The town is located on the east coast of Scotland, approximately 30 miles north-east of Dundee and 38 miles south-west of Aberdeen. Montrose has a main East Coast line railway station and is well served by the main road network.
Full Address: 54 High Street, Let RBS Investment, Montrose, DD10 8JR
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: Annual
Rent: £11,000 per year / £917 per month
Yield: 14% (approx)
Tenant: Company
Notes: Let to Royal Bank of Scotland WITH signed minute of variation and extension till April 2025. Passing Rent GUARANTEED for £11,000 per annum
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Pricing Information & Bidding
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Terms of Sale
- 10% Deposit
- Standard Completion
- Buyers Fee = 3% of Sale Price (Minimum £2,500 + 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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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: 28 November 2024, 10am-3pm
Type: Timed Online Auction
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