Tenanted Commercial Property LOT 187

5 East Church Street, Buckie, AB56 1EX
GUIDE PRICE

Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

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

Description

Full Address: 5 East Church Street, Buckie, AB56 1EX

Highly prominent TOWN CENTRE retail unit set over 4 floors. *Currently LET FOR 20,000 PER ANNUM* Large commercial/ retail unit in PRIME position within popular retail parade.

GREAT INVESTMENT OPPORTUNITY with M & Co paying 20,000 per annum until 2025. Sure to appeal to investors looking for a High yielding investment in Buckie Town centre.

Impressive commercial unit Comprises ground floor shop, with ancillary accommodation the basement, first and second floors. Gross internal Floor area extends to 10,784 sq ft (1,001.80 sq m). CLOSE TO LARGE CAR PARK.

VAT FREE INVESTMENT OPPORTUNITY. CURRENTLY LET ON FRI LEASE TO M&Co TRADING LIMITED (2) for 20,000 Per ANNUM. Property would provide a GROSS RENTAL YIELD OF 11% if achieved for Guide price.

Close to Semi-Chem, Superdrug, Co-operative and Nationwide. Buckie is located within the heart of the Vibrant & highly sought after Aberdeenshire Coastal region with Strong regional economy.

Highly prominent TOWN CENTRE retail unit set over 4 floors. *Currently LET FOR 20,000 PER ANNUM* Large commercial/ retail unit in PRIME position within popular retail parade. Impressive commercial unit Comprises ground floor shop, with ancillary accommodation the basement, first and second floors. Gross internal Floor area extends to 10,784 sq ft (1,001.80 sq m). CLOSE TO LARGE CAR PARK. GREAT INVESTMENT OPPORTUNITY with M & Co paying 20,000 per annum until 2025. Sure to appeal to investors looking for a High yielding investment in Buckie Town centre. VAT FREE INVESTMENT OPPORTUNITY. CURRENTLY LET ON FRI LEASE TO M&Co TRADING LIMITED (2) for 20,000 Per ANNUM. Property would provide a GROSS RENTAL YIELD OF 11% if achieved for Guide price. Property comprises: Ground = 494.20 sq m, First = 162.30 sq m, Second = 182.80 sq m, Basement = 162.50 sq m. Close to Semi-Chem, Superdrug, Co-operative and Nationwide. Buckie is located within the heart of the Vibrant & highly sought after Aberdeenshire Coastal region with Strong regional economy.

100% PRIME SPOT. SUPER SPOT NEAR AMPLE NATIONAL TRADERS. The property is located in the town of Buckie on the North East Coast of Scotland which has a population of around 8,000 people within Moray. Located circa 64 miles north-west of Aberdeen and 55 miles east of Inverness and is accessed via the A98. Railway stations close to Buckie are at Keith, 15 miles away, and Elgin, 17 miles from town. Buckie is located within the heart of the Vibrant region with Strong regional economy benefiting from Renewable Energy, Whisky, Oil & Gas, Agriculture, Tourism & Shipyard.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 03/08/2025
Rent: 20,000 per year / 1,667 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: M&Co TRADING LIMITED (2) t/a M&Co FRI LEASE AT 20,000 until 03/08/2025

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Location

Pricing Information & Bidding

Guide Price: £170,000


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: 30 September 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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