GUIDE PRICE

Deadline for Offers

14 May 2021, 4pm

Bidding Closes in

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

Description

Full Address: 17 St Andrew St, Let Massage Investment, Dumfries , DG1 1BS

PRIME TOWN CENTRE commercial unit located in the heart of Dumfries. Currently tenanted at £3,840 Per Annum. (9% Yield) Excellent trading position - Immediate Rental Income. *** Tenant is My Thai Massage. Very popular massage service in Dumfries. Excellent affordable investment in prime town centre location.

HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Nationwide Building Society, Argos, Iceland, Halfords and TSB Bank.*** NO VAT PAYABLE, property not vat elected. *** 100% Rates relief under small business scheme so no rates payable.

FANTASTIC LOCATION in the heart of the main shopping/ commercial district of Dumfries and Galloway's main town with high passing trade.

Sure to appeal to buy to let investors looking for an affordable Investment property that will provide an excellent return.

Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 40,000. Located on M74 and A75 trunk roads.

PRIME TOWN CENTRE commercial unit located in the heart of Dumfries. Currently tenanted at £3,840 Per Annum. FANTASTIC LOCATION in the heart of the main shopping/ commercial district of Dumfries and Galloway's main town with high passing trade. There is adequate public car parking within short walking distance and there are good bus links in the vicinity. Sure to appeal to buy to let investors looking for an affordable Investment property that will provide an excellent return. *** NO VAT PAYABLE, property not vat elected. *** 100% Rates relief under small business scheme so no rates payable. HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Nationwide Building Society, Argos, Iceland, Halfords and TSB Bank. Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 40,000. Located on M74 and A75 trunk roads.

Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 37,500. The town lies approximately 75 miles south of Glasgow, 34 miles northwest of Carlisle and is bypassed by the A75 trunk road. The town’s retail catchment includes other nearby towns and villages, together with the surrounding rural hinterland.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £3,840 per year / £320 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Tenant is My Thai Massage. https://www.mythaimassagespa.co.uk. https://www.facebook.com/mythaimassagedumfries.

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Location

Pricing Information & Bidding

Guide Price: £40,000


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: 14 May 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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