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20 Swan St, Instant Income Investment Brechin
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Description
EXCELLENT INVESTMENT PROPERTY*** Ready Let double fronted commercial property. Rental £4,200 Per Year on a 5 Year agreement with deposit and personal tenant name guarantee. High Yielding Investment.
PRIME INVESTMENT OPPORTUNITY Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location.
Superb ready let investment with 15% + Yield Return at Guide Price. Instant Income Producing Property.
Property is suitable for a variety of uses subject to planning. Occupiers nearby include Boots, Premier Store and the Bank of Scotland.
EXCELLENT LOCATION Ideally Located for Access to All Local Amenities within Brechin Town Centre and Excellent Transport Links for the Commuter to Aberdeen, Dundee and Beyond
Tenancy Details
Type of Agreement: Basic LeaseLength: 5 Years
Rent: £4,200 per year / £350 per month
Yield: 21% (approx)
Tenant: Private Individual
Notes: RENT £4,200pa LEASE 5 Years TBO 3rd Year Giving At Least 6 Months Notice RENT FREE 3 Months At Entry RENT ADVANCE £700(2 Months Advance) RENT DEPOSIT £350 RENT PAYABLE-Monthly USE-Retail ENTRY -ASAP
Maps & Location
Map Street View SatelliteSwan Street in Brechin, Angus, is a charming street that reflects the town’s historical character and local appeal. Situated in this small yet historically significant Scottish town, Swan Street offers a mix of residential areas, businesses, and proximity to notable landmarks. Brechin is an attractive town of interesting architecture famous for its Cathedral and its 'Round Tower'. There is a high school and library and a railway station can be found in Montrose, approximately eight miles distant. The A90 passes approximately two miles from Brechin making it suitable for commuting to Aberdeen. Located on the River South Esk is the glorious Howe O' Mearns. For those wishing leisure pursuits, Brechin has its own golf course, leisure centre and there is fishing on the North Esk. The A90 also provides access to the Angus Glens and the University City of Dundee.
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Pricing Information & Bidding
Opening Bid: £20,000
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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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
Calculate Deposit & Fee
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 20Swan St, Instant Income Investment, Brechin