Tenanted Commercial Property LOT 229

97 Marine Parade, Dunoon, PA23 8HQ
OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

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

Description

Full Address: 97 Marine Parade, Dunoon, PA23 8HQ

Tenanted ground floor commercial unit with excellent frontage onto main promenade in the seaside resort of Dunoon in Argyle and Bute.

Immediate Rental Income of 5,200 Per Annum. Currently operating as an IT computer repair shop - Settled long-term tenant- been in place for the past 10 years - running well-established business.

Excellent Investment with High Yield of over 15% at current guide price. Perfect opportunity for landlord or investor looking for immediate return on investment.

Victorian seaside resort of Dunoon. Western Ferries offer regular sailings to and from Hunters Quay (Gourock) to McInroy's Point with a bus connection to Buchanan Street bus station.

Dunoon is the marine gateway to Loch Lomond and the Trossachs (Scotland's first National Park). Dunoon and the Cowal Peninsula were recently pinpointed as one of the UKs Property Hot Spots.

Tenanted ground floor commercial unit with excellent frontage onto main promenade in the seaside resort of Dunoon in Argyle and Bute. Immediate Rental Income of 5,200 Per Annum. Currently operating as an IT computer repair shop - Settled long-term tenant- been in place for the past 10 years - running well-established business. Excellent Investment with High Yield of over 15% at current guide price. Perfect opportunity for landlord or investor looking for immediate return on investment. Victorian seaside resort of Dunoon. Western Ferries offer regular sailings to and from Hunters Quay (Gourock) to McInroy's Point with a bus connection to Buchanan Street bus station. Dunoon is the marine gateway to Loch Lomond and the Trossachs (Scotland's first National Park). Dunoon and the Cowal Peninsula were recently pinpointed as one of the UKs Property Hot Spots.

Dunoon itself is a small town set in the beautiful Cowal peninsular of Argyll and yet within just over an hour's commuting distance to the centre of Glasgow. Argyll Ferries run a regular ferry service to Gourock connecting with trains to Glasgow Central. Western Ferries run a more frequent service from nearby Hunter's Quay to McInroy's Point with bus connections to Buchanan Street bus station, Glasgow. Dunoon is approximately one hour from Glasgow Airport. The town offers a secondary school, a modern leisure centre, an eighteen hole golf course, two supermarkets, a variety of individual shops, restaurants and a cinema.

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: 5,200 per year / 433 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £42,000

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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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: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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