Tenanted Commercial Property LOT 2

125 George Street, Oban, PA34 5NT
GUIDE PRICE

Deadline for Offers

06 August 2021, 4pm

Bidding Closes in

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

Description

Full Address: 125 George Street, Oban, PA34 5NT

**INVESTMENT PROPERTY** Large Retails unit set in prominent location with current rental of £12,000 per annum. Property extends to 145.8sqm (1,569sq ft). ^^^Early Offers considered^^^

The property comprises a ground ?oor retail unit with single frontage, set within a single storey retail parade benefitting from 2 large display windows.

Ground: 110.4sqm (1,188sq ft) Bsm: 35.4sqm (381sq ft) Total: 145.8sqm (1,569sq ft) Nearby occupiers include McColl’s, Cancer Research, Oxfam and McEwen’s of Perth.

Property has a current rental of £12,000 per annnum. ***LOW RENT. Expected rental of £15,000 per annum.*** the property has a ratable value of £14,600

The train and bus stations and the ferry terminal are a short walk away and there is on-street car parking in George Street

**INVESTMENT PROPERTY** Large Retails unit set in prominent location with current rental of £12,000 per annum. Property extends to 145.8sqm (1,569sq ft). ^^^Early Offers considered^^^ The property comprises a ground floor retail unit with single frontage, set within a single storey retail parade of sandstone construction, surmounted by a flat roof overlaid in felt. The subjects benefit from twin display windows flanking the recessed entrance, with access via a single timber framed glazed door. Internally the property has been refurbished by the tenant with lighting provided by way of fluorescent strips mounted on the suspended acoustic tile ceiling, with floors overlaid in laminated timber. The unit has been partitioned internally to form private office / workshop, tea prep area and w.c with access to the basement gained via a single timber stair case.

The subjects are situated at the northern end of George Street, Oban’s premier retailing location, and highly visible to vehicular and pedestrian traffic entering the town. Oban is the principal town of North Argyll serving a large rural area of the Highlands and Islands. The town is a main ferry port and railway terminal with a large number of daily ferry sailings to a variety of Inner and Outer Hebridean islands and with regular train services to Glasgow via the famous West Highland line. The town is a very popular tourist destination in its own right throughout the year however particularly in the summer months. The town has an excellent range of retail, commercial and educational facilities as well as a leisure centre, two gymnasiums and cultural facilities. Oban has a resident  population of around 9,000 people and a catchment of over 20,000, which increases significantly during the peak tourist season. Nearby occupiers include McColl’s, Cancer Research, Oxfam and McEwen’s of Perth. The train and bus stations and the ferry terminal are a short walk away and there is on-street car parking in George Street with additional town centre car parks located within a short distance.

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Term: 15/2/17 - 14/2/22.
Rent: £12,000 per year / £1,000 per month
Yield: 12% (approx)
Tenant: Company
Notes: Tenant: Phoneclinic4U Limited Term: 15/2/17 - 14/2/22. Passing Rent: £12,000p.a Sub-Lease: The property has been sub-let to H3 Enterprises Ltd, expiring in sequence with the head lease expiry date. Business Name: “Oban Mobile Phone Shop

Document Downloads

  LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Guide Price: £100,000


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.

Submit Offer Now

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: 06 August 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

Similar Properties


Lot 69
£60,000 OPENING BID
  • PRIME FORMER TSB BANK with Class 3 / hot food takeaway consent applied for. Prime positio...
Lot 245
£158,000 OPENING BID
  • IMMEDIATE INCOME PRODUCING INVESTMENT in prime location on the stunning Isle of Bute. Per...
Lot 143
£31,000 OPENING BID
  • WELL PLACED FUTURE HOT FOOD RESTAURANT INVESTMENT. Excellent opportunity to acquire a lar...