Tenanted Commercial Property LOT 6

12 Rotterdam Street, M and Co., Thurso, KW14 8EN
OPENING BID

Timed Online Auction

16 December 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 12 Rotterdam Street, M and Co., Thurso, KW14 8EN

Prominent Commercial unit Let to M&Co from 1st January 2021 until 2025. IMMEDIATE RENTAL INCOME OF £34,000 per annum. Substantial unit extends to approx. 6,096 Sq. Ft (566.33 Sq. M).

Prime town centre location with excellent frontage. The property comprises a ground and first floor retail unit set within a 2-storey building. IDEAL INVESTMENT OPPORTUNITY

Perfect commercial investment with rental income of £34,000 per annum. GUARANTEED RETURN ON INVESTMENT. Super Sized commercial unit within pedestrianised town.

Nearby occupiers include Aurora Jewellery, North Coast Florists, Allans of Gillock, Semi-Chem and Jamiesons Bakery.

TERRIFIC TOWN CENTRE LOCATION-Thurso is Scotlandís most northerly town and is situated on the north coast of Caithness. It is also one of the larger settlements on the North Coast 500 Route.

Let to M&Co from 1st January 2021 until 2025. IMMEDIATE RENTAL INCOME OF £34,000 per annum. Substantial unit extends to approx. 6,096 Sq. Ft (566.33 Sq. M). Prominent town centre location with excellent frontage. The property comprises a ground and first floor retail unit set within a 2-storey building. Perfect commercial investment with rental income of £34,000 per annum. GUARANTEED RETURN ON INVESTMENT. Super Sized commercial unit within pedestrianised town. Nearby occupiers include Aurora Jewellery, North Coast Florists, Allans of Gillock, Semi-Chem and Jamiesons Bakery. Thurso is Scotlandís most northerly town and is situated on the north coast of Caithness. It is approx. 109 miles north of Inverness and provides a good range of local services as well as providing a gateway to the Orkney Islands with a car ferry route from Scrabster (1.5miles to the north west). It is also one of the larger settlements on the North Coast 500 Route. It is close to the pedestrianised High Street.

Thurso is Scotlandís most northerly town and is situated on the north coast of Caithness. It is approx. 109 miles north of Inverness and provides a good range of local services as well as providing a gateway to the Orkney Islands with a car ferry route from Scrabster (1.5miles to the north west). It is also one of the larger settlements on the North Coast 500 Route. It is close to the pedestrianised High Street.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 2025
Rent: £34,000 per year / £2,833 per month
Yield: 13% (approx)
Tenant: Company
Notes: Let to M&Co from 1st January 2021 until 2025.

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Location

Pricing Information & Bidding

Opening Bid: £230,000

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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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 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: 16 December 2021, 10am-3pm
Type: Timed Online Auction

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