Vacant Commercial Property LOT 25

16 High Street, Kinross, KY13 8AN
GUIDE PRICE

Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 16 High Street, Kinross, KY13 8AN

EXCELLENT INVESTMENT OPPORTUNITY in sought after location of Kinross. Property is sure to appeal to Investors looking for an affordable commercial unit on the High street.

The property comprises a substantial single storey commercial building of traditional construction surmounted by a pitched roof with single storey extension surmounted by a flat roof

EXCELLENT SIZE: Ground: 115.4sqm (1,242sq ft). Property would attract a rental value of 14,000 to 16,000 per annnum.

Substantial Class 2 Unit With Parkin. Benefits from Prominent Frontage, Dedicated Parking and has an extensive floor area of 1,242sq ft. The property is Rates Exempt

Popular town centre location with HIGH RENTAL DEMAND as well as demand for residential accommodation. Possible residential development sit (Subject to necessary consents)

EXCELLENT INVESTMENT OPPORTUNITY in sought after location of Kinross. Property is sure to appeal to Investors looking for an affordable commercial unit on the High street. The property comprises a substantial single storey commercial building of traditional construction surmounted by a pitched roof with single storey extension surmounted by a flat roof overlaid in what we believe to be bituminous felt. The property benefits from a recessed position offering dedicated parking to the front elevation, access is gained by way of a aluminium framed and glazed door leading to an open plan banking area. Internally the property is illuminated by way of fluorescent strips and L.E.D spots suspended from the plastered ceiling. Partitions have been erected to form private meeting rooms, storage room, staff tea prep area and w.c facilities. EXCELLENT SIZE: Ground: 115.4sqm (1,242sq ft). Property would attract a rental value of 14,000 to 16,000 per annnum. This would generate a rental yield of 10%- 11.5% if achieved for Guide Price. Popular town centre location with HIGH RENTAL DEMAND as well as demand for residential accommodation. Possible residential development sit (Subject to necessary consents)

The property is situated on the west aide of High Street, north of its junction with Saint Ronans Road within the town of Kinross. Kinross is a former market town located close to the banks of Loch Leven within the Kingdom of Fife, situated adjacent to the M90 motorway, providing good access to Glasgow, Edinburgh, Perth and Dundee. The town is equidistant between Perth and Dundee with population of c. 5,000persons. Neighbouring occupiers include Inglis Vets, Kinross Family Dental, Rowlands Pharmacy, Heart & Soul Holistic Centre.

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Location

Pricing Information & Bidding

Guide Price: £140,000


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 = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 25 June 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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